How Tech Can Take Your Business to the Next Level

Cody McBride / Techdeck.info

While we all use technology in our everyday business lives, we don’t always stop to consider how tech can actually help us work more productively. As a solopreneur, you are the engine driving your business machine, and by thoughtfully and intentionally integrating smart tech with a degree of freelance support, you can effectively boost business and grow your company exponentially. OpenSourceCM offers a host of solutions that can help you grow your business with a suite of easily adapted platforms.

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What Common Tech Do You Use?

Most of us utilize the same forms of technology - laptop, desktop or tablet, smartphone, and apps specific to our industries. Most of us also use only a fraction of the features our technology offers, so take a deep dive into the capabilities of your existing equipment. According to Industry Today, many small business owners simply don’t have the time to experiment with tech options. However, they recommend reading up on product features, polling others about their most useful apps and software programs, and staying current with industry and tech experts who make recommendations for new products, and new uses for older products. You may be surprised at the capabilities of your existing tech.

Take the Next Step

When you’re ready to go to the next level, consider tech investments that will help you be more productive. For example, project and contract management programs can help you stay extra-organized, whereas accounting software can help you better manage and track inventory, invoices, and accounts payable. While you don’t necessarily need to buy the latest version of every product that comes on the market, be mindful of new releases that have features and benefits that really are worth the investment. According to Brookings, tech changes at such a rapid pace that upgrades are sometimes necessary to ensure continued compatibility between various devices and programs.

Employ Human Resources

Even if you don’t need to hire full-time employees at the moment, you can benefit from cultivating a talented and reliable group of professional freelancers and independent contractors you can call on when you’re in a bind, or need specialized services. This can be especially helpful when you need help outside your own area of expertise. For example, you may be an advertising whiz who can produce award-winning strategies in short order, but maybe you struggle with balancing your books or doing your taxes. This is when it’s wise to bring in someone with specialized skill sets. When you need to expand and hire full-time staffers, you may even be able to convince some of these experts to come on board!

Establish An LLC

As a solopreneur, you might not think you need any type of business designation, but the opposite is actually true. Setting yourself up as a limited liability company, or LLC can help protect you against some forms of liability. It can also provide flexibility, reduce paperwork, and give you an easier approach to filing your business taxes. An LLC also gives you an air of credibility and legitimacy. In California, you can spend big bucks to hire an attorney to do the paperwork, or take time away from business-building and do it yourself. The most time and cost-effective approach is to retain the services of an online formation company to eliminate the hassle and handle everything on your behalf. All states have slightly different rules around LLC formation, so check yours in advance.

Being a solopreneur takes dedicated time and effort, but smart decisions can help ensure all of your hard work pays off in the end. The keys to success? Get established, stay organized, make wise investments where necessary, and provide exceptional levels of service.

OpenSourceCM provides SaaS contract management solutions and is committed to superior levels of customer service and support. Learn how the company can help you achieve your business goals and objectives by reaching out today.

opensourceCM is a cloud-based SaaS (software-as-a-service) solution / info@opensourceinc.com