There are many ways that you can invest in your business. You can hire additional people with a strategy to get more done; you can diversify and try to cultivate different types of revenue; and you revitalize your business through the use of technology. This month, we thought we would discuss how deploying certain technologies can help grow your business fast.
How to Identify What Technology Can Help Your Business
We discuss how technology can be a huge benefit for your business all the time, and as a result, we know that throwing money at technology to see what sticks is not an advisable strategy. Sure, you may see some added efficiency, but if it is being deployed in a part of your business that already functions well, the return on investment (ROI) will be small. On the other hand, if you are able to put a piece of functioning technology inside a process where your business struggles, you may see a rapid ROI and enjoy better operational efficiency and productivity as a result.
This means you will have to first identify where your business struggles and what type of technology is available to remedy them. If you are like many other business owners and don’t know exactly where to start, or if you have a lot of pain points, but limited financial resources in which to invest into new technology, then it can be tricky trying to ascertain what technology can give you the most bang for your buck. Let’s go through some business areas where technology offers the best ROI if you are just starting out or if you are looking to build on what you already have.
Invest in Technology that Helps Your Employees Be More Productive
Your employees are the thing that makes your business a success or a failure, so it stands to reason that you would want to invest in technology that makes them more efficient and productive. You may be surprised that some of these investments won’t put you back as much as you may think. Let’s take a look at three technology investments you can make today to get your business moving in the right direction:
Reliable Wi-Fi
Productive employees typically have a work environment conducive to working consistently. No other tool is quite as important as access to the Internet. By investing in creating a reliable and robust wireless network, your employees won’t be searching for a signal as they collaborate around your office.
Collaboration Tools
Another technology that will get a workout by your employees is an intranet-type collaboration tool. Whether you need dynamic project management or simply an interface for your team to sort out their daily tasks, a collaboration tool can present them with the resources they need to keep productive. Today’s collaboration tool/project management tool can provide your staff with the communication capabilities they need as well as the dynamic integrations to allow them to simply share and collaborate.
Communication Tools
While the collaboration tools can provide a lot of the communications interfaces your team may need in the way of video conferencing integration and instant messaging/forums, a business will function best when it has strong communications tools. Solutions like VoIP and hosted email will give them the options they need to communicate within your business while also giving them the tools they need to improve customer satisfaction.
Investing in technologies that will help your employees take your business to the next level has to be a priority. If you would like to talk to an IT professional about integrating today’s most robust technology into your business, give CoreTech a call today at (270) 282-4926.
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