Running a business comes with a lot of overheads that can be hard to control. If you operate out of business premises, you will have rent and utilities to pay that you will struggle to save money on; and will likely rise year on year.
Labor is usually the most expensive cost that a business will have to pay, but it is hard to run a business that can react quickly to an increase in demand with only a small staff. Fortunately, there are a number of technologies available today that can help any business slash its overheads and increase profits – and can even help cut down on labor costs.
In this quick guide, we are going to look at three technologies that could help your business save some money.
Using a Cloud-Based Private Branch eXchange (PBX) Telephone System
Business telephone lines are extremely expensive, and often are only available from one service provider in some areas, letting them charge exorbitant rates in a monopolized market.
Thankfully, technology is liberating a lot of companies from this telephonic tyranny by using online services and Voice Over Internet Protocols (VOIP) to offer businesses a cheaper alternative. Having your own phone exchange integrated with your computer network can be incredibly convenient, efficient, and can save businesses thousands of dollars a year.
Outsourcing Customer Service to a Specialized Company
Customer services are one of any business’ most important departments, but it can be difficult to provide customers a consistently high level of care.
It is now possible to outsource customer care and service to companies like Humach that specialize in customer service and can give your customers the attention and dedication they expect for a lot less money than running your own dedicated department.
Going Green with Business Solar Panel and Battery Systems
The cost of energy increases every year, especially for businesses. There is also a lot of pressure from customers to go green and reduce their carbon footprint.
Solar panels and battery systems can greatly reduce your company’s dependence on carbon-producing energy sources, and in areas with a large amount of sunshine, this can even provide a new revenue stream. Some businesses have produced so much solar-generated energy that they have been able to sell the electricity they have produced back to their power company and received a check in the mail instead of a bill.
Running a business can be incredibly demanding, as well as rewarding. Every business owner or manager has a fiduciary responsibility to themselves and their investors to operate the business as efficiently as possible, saving money wherever they can.
Thanks to a number of new technologies, any business can save itself thousands of dollars a year by outsourcing elements of their business, or by reducing their utility overheads through technology like solar panels or internet-based telephone exchanges. Hopefully, this guide has given you some of the information you need to save your business money so that you can invest in researching and developing new products and services to offer your customers and increase profits even further