Automation
One common pitfall for many entrepreneurs is skimping on investing in technology that can enhance efficiencies and reduce non-billable time. Often, entrepreneurs are short-sighted about the costs of starting a new business and are unsure where to allocate their limited startup capital.
In today’s fast-paced, technology-driven world, implementing technology to optimize efficiencies is vital. Entrepreneurs can get so caught up in the daily grind of managing and growing their business that they lose track of time. Before they know it, years have passed, and they are still manually processing paperwork, collecting data, and creating ‘to-do’ lists. The range of tasks that can be automated is limited only by your imagination and your willingness to embrace change.
Consider the cost of non-billable time. For instance, if you charge $100 per hour for your services and spend half your time on non-billable activities, you’re effectively making only $50 per hour before expenses. Similarly, if you sell products, the retail cost is reduced by the amount of non-billable, non-profitable work needed to make the sale.
In this era of rapid technological advancements, there’s no reason to do anything manually.
We here at Concierge Business Solutions®, we can assist you in numerous ways!
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If your company offers services by the hour or by the service, we have a proprietary software system just for you: Essential Elements™
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We can help you select the best app or software solution for various business challenges.
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We can develop the technical specifications for your IT team to implement, or we may be able to create the reporting tools for you.
Investing in technology is not just an option but a necessity to stay competitive and efficient in today’s business landscape. Let Concierge Business Solutions® help you make the best technological investments for your business.
Concierge Business Solutions Essential Elements™ can reduce your data collection time to nearly zero and includes numerous reporting tools to help you better manage your data. To learn more about Concierge Business Solutions Essential Elements™ Click here!
