Managing your business requires dozens of important decisions every week. As your business grows, you must manage a growing number of tasks and transactions. If you don’t control the cost of doing business, you can’t maintain profitability. Fortunately, there are tech tools that can streamline your business processes. Consider all of these tools to grow your business and operate profitably.
Getting advice from an expert
Given the sheer number of tech tools available, it may difficult for you to choose the right ones for your business. You want a tool that will increase your productivity enough to justify the tool’s cost.
Consider hiring a tech expert to help you with these decisions. As an example, Firewall Technical explains that their Ottawa IT services can help you manage networks, servers and mobile device technology. Such experts can help you make smart business decisions.
Two areas that can eat up a great deal of time are accounting and payroll. As you grow your sales, these areas can become burdensome. There are some great tech tools, however, to keep these costs down as you grow.
Accounting tools
Chron.com explains that QuickBooks is a great tool for your accounting needs. The system is user-friendly. You can learn how to open accounts and post accounting transactions quickly.
QuickBooks now has an online version that backs up to the cloud. Like many software applications, using the cloud increases security and eliminates the need for you to back up data at your office. You’re able to generate dozens of accounting reports to manage your business.
The complexity of payroll
As you add employees, you must deal with the complexity of managing payroll. Each worker may require different levels of tax withholding, for example. In addition, the tax laws related to withholdings change constantly.
You can use a payroll service to calculate all withholdings and compute the net amount of pay you owe to each employee. A payroll company can also link to your business bank account and send payments to each employee’s bank account.
As long as you provide the basic employee information, a payroll firm can handle the rest. Handing off your payroll function to an outside firm can be a huge time saver.
Marketing toolbox
Marketing is critical to any business. That process can be made easier by using tech tools. These tools can keep your marketing costs low as your grow your business:
- Online publishing: Creating an attractive website is now much easier. You can use publishing software, such as WordPress, to create a website that is visually appealing. WordPress offers hundreds of website templates. You can choose a template that fits your business, without needing any programming knowledge.
- Google tools: Once you website is up and running, you can access dozens of reports from Google Analytics. These reports tell you exactly where your website traffic is generated. You can make changes to pages on your site, and analyze the changes to your website traffic.
- Conversion apps: In marketing, conversion refers to the process of motivating a prospect to become a customer. There are conversion tools that encourage people to subscribe to your e-newsletter or click on a button to buy your product. These apps can drive more business to your website.
All of these tools allow you to maintain the same high level of marketing as you grow your business.
Take the time to analyze the tech tools you have available. If you make some smart decisions, you can work productively and maintain profitability.
