One of the best traits of technology is how it plunges the world of business forward with every new development. As soon as something gets invented or improved, people come up with the way to apply it in order to improve productivity or increase profit. Still, while major conglomerates usually have some maneuvering space to wait and evaluate which of these trends are worth considering, SMBs and startups usually lack this privilege. Hesitating too long usually leads to losing a competitive edge, which is a price too steep to pay for someone new to the business world. So, without further ado, here are a few top tech trends for SMBs and startups in the following 2017.
First problem many SMBs and startups face is the lack of adequate office space. The price of the lease can be a great problem if you have high standards and want to get a place at a good location. Furthermore, there is the size of the office to take into consideration. You need to get the place of adequate size, but you also need to consider potential growth and hiring new people. Luckily, more and more people are working remotely, which means that in the latter situation, you can always hire freelancers. On top of it all, hiring remote workers is also a planet-friendly move since it means your workers won’t have to commute to work every day.
Another restriction that small business face is the number of the personnel. Sure, a major corporation can hire an entire in-house team to deal with things such as HR, but a startup may not have that many vacant work-slots. The easiest way to breach this gap is with the help of an adequate digital tool. When equipped with a proper software, one person can easily do the job of an entire department. Needless to say, over the course of years, this can result in a substantial surplus.
Focus on Payment Methods
One of the first things people check out when they visit an e-store or a small business website is whether it supports their payment methods. If not, they are more likely to just leave the page rather than change their preferred payment gateway. Because of this, businesses in 2017 must adjust to the needs of the market and think about alternative payment methods. This allows more versatility in doing business and helps businesses target a broader scope of audience. However, while some gateways are internationally used, others are strictly regional, which is yet another thing to be taken into consideration. This means integrating new payment methods when you open up to a new market.
Finally, matter of security is one of the most important things every SMB faces. In the 21st century, most businesses focus on digital security, but this should never be their only concern. Physical security of your premises is as vital, and neglecting it could put all that you are working towards at a serious risk. Installing a smart surveillance system is a must since it acts both as a security measure and a deterrent. Same goes for locks. According to a locksmith from Macquarie Park, a quality lock on your doors and windows is enough to dissuade most burglars.
In the end, although most people refuse to acknowledge it, in-house theft is a major concern for every business no matter the size. This is why introducing an access card system or even peer monitoring system might be a good idea.
As you can see, all of these trends mean addressing an old issue in a completely new way, with the help from the right device or digital tool. Following all of these trends is the only thing that can help startup stay ahead of their competitors.