How a small business can decrease expenses? Not to mention, technology helps keep your employees at the top of their game. Eliminate the tedious logistical work and help ensure your team is working on what’s genuinely needed. The following are just a few advantages of using an employee management app, like Connecteam for example: Streamline communication: With an employee management app, you can easily minimize the need for face-to-face meetings and unnecessary phone calls. Easily send messages in real-time to a single person or a filtered group, such as announcements, sales updates, welcome new hires, celebrate birthdays, and more. Enable social functions, likes, and comments, to help boost employee engagement.
Staff training: One area of the budget that you might think of cutting is staff training. After all, staff members are already good at their jobs, right? Training can feel like something that’s done to enhance team members but isn’t really necessary. The truth is that staff training is vital, and never more so than during times of crisis, like now. Training and business coaching can actually be a huge help to guide your small business through these tough times. Now’s the time to invest in upskilling staff or taking part in a CEO roundtable in which businesses assemble to discuss ideas.
What we have found works best in our businesses is to evaluate what expenses are critical and support our mission and our revenue generation the closest. We then protect these and start to cut away or suspend other extraneous, not-as-important expenses from our budget, at least in the short run, to make it through the crisis. We then look to reallocate where there are opportunities while doing our best to protect our people and our mission. Adapt, survive and then thrive. – Keir Weimer, Keir Weimer Multimedia, LLC
If you own a small business, you are probably already focused on saving money. Software, stocks, and staff can be very expensive, so if you don’t have a strict budget, you could easily end up overspending. Thankfully, there are lots of ways to save money without cutting corners. Here are five simple ways that small business owners can save money. Laptops and computers can be a big expense for small businesses. After all, the average price for a new laptop in the US is around $600! This is often far too expensive for a startup, but don’t get disheartened; instead, invest in quality secondhand equipment. Read more information on Ways a business can reduce costs.
Another way of saving money is to opt for a multi-line phone system for your small business. With the help of this system, you can use one phone to host more than one phone number. This makes it easier for you to make calls for your business. You can also make calls from your desired number by setting up a shortcut dial for it. This system is also pretty simple to install and does not cost a lot of money. Big businesses use a PBX system for these purposes, but a small business might not be able to afford it. A multi-line phone system is hosted by a cloud system and is reliable as well. That is why it is highly recommended that one should consider getting multi line phone systems for small business.
