How Entrepreneurs Can Use Technology To Grow

[Evan]

Last week I was invited by Microsoft to join them at Steam Whistle Brewing for an industry roundtable that brought together a panel of SMB experts and small business owners to discuss what entrepreneurs can do today to help them prepare for long term, sustainable growth for the future.

- Here’s some of the top advice that I took home from each panelist:

- Use technology to keep your business costs down. Example: use Instant Messaging services instead of phones which can reduce your long distance phone bill

- Get the right people and create the best working environment you can so your top people will stay with you

- Find a niche to stand out in

- Get a strong team – companies with a strong management team perform better

My favorite tip was:

- “Look for ways to improve your business incrementally – do something a little better every day.”

I just wrote a blog post about it at: http://www.evancarmichael.com/blog/2010 ... y-to-grow/

I’ve love to hear your thoughts if you leave a comment on the blog or below!

[PeterP]

We are living in an era where things are changing every minute and effecting our life and businesses. IMO they can use technology to cut their cost. I.E. they can send invoices on PDFs, use online merchant accounts (PayPal and Alert Pay), and increase revenue for effectively by using product catalogs with home delivery options. Technology also helps improve customer service.

[brokemet]

- Find a niche to stand out in

- Get a strong team – companies with a strong management team perform better

Hi Evan,

Thanks for the roundup of tips!

I've just quoted those 2 because I highly can relate to that since I started outsourcing my business needs. I had my suitable team doing the admin/SEO/content, programming/web development and also my graphic designing needs to work with my OUTSOURCING niche.

And, yes, having them homebased working for me has cost me less to manage equipment because as long as they have their computers and good internet connection in place, we can connect, track on accomplishments and also manage projects. The use of technology especially the Internet has really contributed big for us entrepreneurs to reach these freelancers and make our businesses leverage easier.