Capital is one of the main things preventing start-ups from launching and also from progressing as far and as fast as they could do. Start-up entrepreneurs spend so much time trying to get loans from banks and other investors, with many setbacks along the way, only to find when they do raise the money they need, it is rarely enough, and keeping their spending under control is a daily battle.
Luckily, in the 21st Century, that really doesn’t have to be the case. Technology is a huge boost to each and every entrepreneur who chooses to embrace it, particularly when it comes to cutting launch costs and keeping the costs of day to day down.
Here are just some of the ways that modern technology can help you to cut your start-up costs now:
Save Money with VoIP Phone Services
Even though we now have the internet with live chat and social media available to us, most businesses still need phone lines to communicate effectively with customers, clients, suppliers, etc. on a regular basis. Traditional phone lines can be pretty expensive to run, but that doesn’t matter because you don’t need them. If you use Voice over Internet Protocol business phones instead, you can make calls, handle voicemail, and call forwarding, amongst other things, for just a few dollars a month and your phone line will typically be more secure too. Not only that, but you’ll be able to work and answer your business phone from anywhere you feel like too. It doesn’t get much better than that, does it?
The Cloud Can Cut IT Costs Significantly
If you use a cloud-ready service like the ones at Zycom to run your business via a web application instead of using lots of expensive servers and such, then you can start up your business with less capital and keep it running for less too. The best cloud-based business services take care of setup, security, maintenance, etc., so that you don’t have to worry about it, which means fewer running costs, no need for an IT team and so much more besides. Look into it if you really want to slash your running costs.
Shut Down stationery Costs By Going Paperless
In most cases, there is very little need to print off documents in the modern world. There is software that allows anyone to add their signature to documents digitally, PDF files which can easily be emailed on and decent security software to ensure that online documents are not intercepted, and many of them are free or very cheap. It makes sense, then to stop printing stuff unnecessarily. Do this and you could save thousands of dollars on paper and ink each year, depending on the size of your company.
Switch to Social Media Marketing for Huge Savings
The great thing about social media marketing is that you really can do it quite successfully on a shoestring. All you need to do is set up accounts on all of the biggest and best social platforms like Instagram and Twitter, and regular post interesting content to gain a following, Sure, buying a few ads will definitely help to drive traffic, but compared to print and media marketing, you’ll be paying peanuts with arguably more success.
Do You Have any tips for slashing start-up costs with the help of modern tech?