3 Ways to Modernize Your Small Business

Changing with the times is critical for growing your business. Here are three simple ways to modernize your enterprise.

Cut the Cord

Traditional landline phone service has become outdated and overpriced. Switching your communications to Voice over Internet Protocol modernizes your phone system while saving your business a bundle.

VoIP phone systems offer all the tools you’ve become accustomed to with traditional phone service, from voicemail to forwarding to conference calling, plus lots of extras. Because VoIP runs both data and voice communications over a single network, there is significantly less infrastructure than with separate systems, so users save by combining their broadband and telephone services.

Ditch Paper

Another modernization step that can save you money also helps your business to do its part to improve the environment. Reducing the use of paper in your enterprise lowers costs, streamlines procedures, and cuts back on unnecessary waste.

By switching to electronic invoices, correspondence, and documentation, you’ll stop buying costly reams of paper, eliminate hours spent mailing and filing paperwork, and send significantly less garbage to the landfill each week. From generating electronic invoices to recording signatures digitally, there are simple steps you can take to make your business practically paper-free.

Lease Don’t Own

Whether it’s your automobile, your equipment, or your office space, leasing rather than owning necessities is a smart decision in modern business operations. Although it may seem counterintuitive, it’s often more cost-effective to make a monthly payment for items than it is to own them outright.

Leasing vehicles and equipment gives you the flexibility to upgrade as needed. You won’t be stuck with outdated technology because you own something and don’t have the cash on hand to replace it. It’s often easier to finance acquisitions with leases, too, as they typically don’t require a down payment.

When it comes to your office space, buying a property may bring some cost and tax benefits, but it can prove problematic long-term. If you need to expand, you’ll be limited by the space you’re in, and you’ll be taking on maintenance headaches, and expenses, that you wouldn’t necessarily incur as a tenant.

Modernizing your small business brings benefits in the form of cost savings, streamlining, waste reduction, the ability to better keep up with technological changes, and reduced maintenance concerns. By switching your phone service, reducing your paper usage, and opting to lease rather than buy key items, you’ll prime your enterprise for greater success.



The author FileEdge