5 Tech solutions to boost your business

Sometimes small doesn't really mean small

Representing 60% of all private sector employment in the UK and with an annual turnover of £2 trillion, small or medium-sized enterprises (SMEs) make up over 99% of all private sector businesses in the UK. And 96% of them have fewer than 10 employees. With such an important role to play in the UK economy, and often limited staffing resources, small businesses have a lot to gain from the latest advancements in tech. Here are five tech solutions to help boost your business.

1. Improve efficiency through social media management software

There are 3.9 billion internet users and 2.77 billion of them have active social media accounts. Social media has become a powerful tool for businesses to raise brand awareness and engage with new and existing customers. But it can be cumbersome for staff to manage multiple accounts and logins. With the help of social media management tools, small businesses can plan, schedule, and post social media content across all platforms. This allows for one person to manage all accounts and increase efficiency.

2. Cut costs with cloud-based services

Cloud-based services allow small businesses to store and share data at a far lower investment cost than was previously required when using physical servers. In addition, having cloud storage allows businesses to back-up important information stored on physical devices that could be vulnerable to loss, theft or physical damage. Cloud storage services also make file-sharing easy between colleagues and across teams when working with multimedia files that are too large to send via email.

3. Save time with accounting software

As of April 2019, the UK Government now requires VAT-registered businesses (making over £85,000) to keep digital business records and submit them using Making Tax Digital (MTD)-compatible software. Accounting software can save small business owners time and stress by automating a lot of the data entry required. In addition, providers like QuickBooks and Xero have dedicated 'making tax digital' pages on their websites to provide you with the latest information from HMRC, so you don't need to go searching for the current requirements.

4. Increase versatility and visibility with customised website builders

It can seem odd to still talk about building websites when we're approaching 2020, but whether you're creating an e-commerce site, a monetised blog, or product pages for your bricks-and-mortar business, a customised domain name and website for your business nurtures trust with your audience and builds your customer base. By using a website builder platform, small business owners can save money, build brand awareness and expand their reach. The best website builders are easy to use with drag and drop features and customisable designs that make it possible for anyone with basic computer skills to build and maintain a website. Most of them also include one year of free domain hosting with a paid service, which means you don't need to work with two separate companies for web hosting and web building.

5. Boost productivity with smart meter installation

Installing a smart meter allows small business owners to spend more time ramping up productivity and less time worrying about their energy use. You can get a smart meter installed for your business free of charge and your bill will be based on actual readings rather than estimates. Smart meters automatically send your readings securely to your energy supplier. This allows you to set accurate budgets and keep your business on track.

With a plethora of software and tech available at your fingertips, small businesses are becoming smarter, more effective and more efficient, which can in turn promote greater success and turnover.