360° Coverage : SageVoice: Six Ways To Simplify Small Business Life

1 Updates

SageVoice: Six Ways To Simplify Small Business Life

May 12 2014, 7:50am CDT | by

By Mike Savory, Product Manager, Sage One As a small business owner, you are responsible for many key tasks in order to maintain your business –fulfilling orders, creative development, sales and...

Filed under: news

 
 
 

24 weeks ago

SageVoice: Six Ways To Simplify Small Business Life

May 12 2014, 7:50am CDT | by

By Mike Savory, Product Manager, Sage One

As a small business owner, you are responsible for many key tasks in order to maintain your business –fulfilling orders, creative development, sales and marketing, and the dreaded invoicing process; the list goes on and on. This National Small Business Week – the annual designated small business celebration this May 12-16th – set aside some time to congratulate yourself on your accomplishments with all of these tasks and take a moment to pinpoint how you can simplify your life moving forward.

Being an entrepreneur or small business owner doesn’t mean you need or should do it all yourself. In fact, successful entrepreneurs are expert delegators. This doesn’t always mean delegating to other people, but rather understanding how to delegate key, but painful tasks and how to use delegation tools and solutions.

Below, I’ve listed a few ways to make entrepreneurial tasks less difficult.

1. It’s simple – go digital.

Even in a world where digital seems to dominate, small business owners are still using manual means to create and send invoices. In fact, a survey conducted by Sage in December 2013 among 801 small U.S. businesses found that 71 percent of small businesses use Microsoft Word or Excel to create invoices, and 47 percent send invoices to their client in the mail.If you’ve already invested in an online invoicing solution, you can likely attest to the benefits of a digital solution. Long gone are the days when you needed to hand write or print your invoices. With an online solution, invoices are sent, and reminders re-sent, with just a couple clicks.

Many entrepreneurs worry about the cost required for an invoicing solution, but it’s proven that these solutions save time and money in the long run by allowing you to focus on the other parts of your business that promote growth, like marketing. The key to success is finding the solution that’s right for you and your business. Some companies offer solutions with all the bells and whistles of task management, accounting, tracking, etc., and others focus on specific areas of business management, like invoicing. What your business needs will depend on what you want to delegate.

2. Set aside time, daily.

Admittedly, many small business owners let orders stack up and they push off tedious tasks like invoicing until the end of the month, or treat invoicing activities as an unimportant task. Spending just a few minutes a day on invoicing, or whatever your least favorite tasks are, helps you consistently avoid falling behind. Set a calendar reminder each day to commit to these activities.

3. “Hire” an electronic assistant.

Don’t have the funds to bring on another employee, but you are drowning in work that needs to be done? An online solution can act as an electronic, automatic assistant that helps keep track of your business’ most profitable aspects – like reminders for deadlines or follow up items. Or, if you are looking for temporary help, try oDesk or Fiverr to help find a freelancer that is right for your needs.

4. Put your head in the cloud.

If you haven’t taken advantage of storing data in the cloud, I suggest trying it out. Keeping your files in the cloud allows you to access important documents from anywhere. Afraid that your data won’t be safe? No need to be! Cloud solutions have proven to be secure and reliable. By comparison, how secure are the files stored on your own laptop?

5. Make payment easy for your customers.

Cash and check payments are on the decline, and if your business isn’t able to accept payment electronically, you’re likely missing sales opportunities. Customers expect purchases to be quick and easy. If you’re a retail business, consider implementing mobile payments, where you can accept a customer’s credit card via your mobile device. For service-based businesses, allowing customers to pay invoices online through an online accounting or invoicing solution saves you the time you’d spend entering payments or making bank deposits, and gets you paid faster.

6. Let your dashboard keep you on top of your game./>/>

One of the easiest ways to get more of your time back and minimize stress is to utilize the dashboard of an online solution. Not only will it simplify processes, but it’ll help increase revenue. A dashboard is a tool that generates charts that give you a snapshot of your business’s activities – financial health, customer interaction, employee activity, and more. Once your dashboard is set up and you can appreciate your business’s key metrics, you intuitively start acting on and improving results with increased productivity and profit.

 
Update
1

8 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slas ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Sleeping with more women reduces prostate cancer risk: Study
Toronto, Oct 28 (IANS) As compared to men who have had only one partner during their lifetime, having sex with more than 20 women is associated with a 28 percent lower risk of being diagnosed with prostate cancer, research shows.
 
 
Population reduction no answer to environmental problems
Melbourne, Oct 28 (IANS) Policies targetting population reduction will not immediately solve issues of global sustainability simply because the world population is now so huge that there is no quick fix to the "virtually locked-in" population growth, a reserach has said.
 
 
Google offers free access to satellite images
New York, Oct 28 (IANS) Tracking melting glaciers, deforestation or disappearing elephants has been made easier as Google has now allowed access to real time, updated satellite images through its Skybox programme.
 
 
Infants know what your eyes tell
New York, Oct 28 (IANS) The ability to respond to eye cues develops during infancy - at seven or so months, finds research.
 
 
 

Latest from the Network

Pistorius prosecutors to appeal verdict, sentence
Johannesburg, Oct 28 (IANS/EFE) South African prosecutors involved in the Oscar Pistorius case will appeal the verdict and sentence on the double-amputee Olympic athlete's manslaughter conviction, which resulted in a...
Read more on Politics Balla
 
Racers from 24 nations to compete in Mexico's Baja 1000
Mexico City, Oct 28 (IANS) The 2014 Baja 1000 off-road race through Mexico's Baja California Peninsula will feature competitors from 24 countries, organisers said. The competition, now in its 47th edition, will take...
Read more on Sport Balla
 
Pakistanis protest India's 'occupation' in Kashmir
Islamabad, Oct 28 (IANS) Pakistanis across the world held demonstrations to mark the anniversary of what they termed as India's invasion and occupation of Kashmir Oct 27, 1947, media reported Tuesday. The Pakistani...
Read more on Politics Balla
 
New Zealand, US to hold joint military exercise
Wellington, Oct 28 (IANS) New Zealand and the US will conduct a month-long joint military exercise next month to test their deployment agility. The New Zealand Defence Force (NZDF) Tuesday said that its army and air...
Read more on Politics Balla
 
Pakistan prepares to cope with cyclone
Islamabad, Oct 28 (IANS) Pakistan is gearing up to cope with a cyclone headed its way. National Disaster Management Authority (NDMA) has been asked to take necessary measures to meet the challenge posed by cyclone...
Read more on Politics Balla
 
Future-focused women fight climate change better
Washington, Oct 28 (IANS) Future-oriented women are more likely to take concrete steps to reduce global warming, says a study. "They are more politically liberal and liberals are more likely to value the environment...
Read more on Politics Balla
 
Infants know what your eyes tell
New York, Oct 28 (IANS) The ability to respond to eye cues develops during infancy - at seven or so months, finds research. "Our study provides developmental evidence for the notion that humans possess specific brain...
Read more on Business Balla
 
US concerned over Israeli decision on new homes
Washington, Oct 28 (IANS) The US is "deeply concerned" by reports that Israel would build more settler homes in east Jerusalem, the state department has said. "Israel's leaders have said they would support a pathway...
Read more on Politics Balla
 
Malaysian diplomat on sex attack charge granted bail
Wellington, Oct 28 (IANS) A Malaysian diplomat accused of a sex attack on a young woman here in May was granted bail on his second appearance since his extradition in the Wellington District Court Tuesday. Former...
Read more on Politics Balla
 
NASA tool to identify drought-resilient plants
Washington, Oct 28 (IANS) The US space agency is developing a new space-based instrument to study how plants react to heat and water stress and identify drought-resilient plants. The instrument called the ECOsystem...
Read more on Business Balla