Running a business is often a circus. Many times it requires several juggling acts and a dog and pony show to just get things done. This couldn’t be more true nowadays as business owners are considering how to operate with rising inflation and labor shortages threatening to stymie their organizational progress. Today, we’re going to look at some ways you can stretch your capital.

The BIG Difference Between Cost and Value

The first consideration you need to make to get your operational capital go further is not just the cost of something, but its value to your business. Obviously, for the big purchases, you do your best to understand the potential value of the investment, otherwise you wouldn’t pull the trigger on it. Today, it’s important for businesses to look for value in every single investment they make. Not only to get a positive ROI in the short term, but how these decisions will make a difference in the long term. This means finding value in new technologies or even making cuts to long-standing programs that aren’t working toward the ultimate success of your business. 

Consider the Cloud

One place that any business that relies on their information systems can always find value is in the cloud. Cloud computing is a great solution for any business that needs to expand their computing infrastructure. Purchasing cloud resources is like renting the specific tool you need at the moment you need it. Do you need remote access to your CRM? Do you need email or telephone systems? Do you need more storage? This and a lot more is available through the cloud. Let’s take a look at some specific solutions that will help you stretch your technology budget. 

Additionally, there are many other software-as-a-service (SaaS) applications that can fill any need your business may find necessary. You can get productivity apps through one of many cloud-based productivity suites, you can get specialized apps that you couldn’t do business without through the cloud. You can even get the network security tools you need through cloud computing. 

Good Communications Make a Difference

Having solid communications can do a lot of good for a business. Not only does your staff need tools to push workplace initiatives ahead, they need access to powerful communications options. This includes email, collaboration tools, etc. 

One of the most powerful tools your business can use is a VoIP solution. Voice over Internet Protocol is one of the most useful and cost-effective tools that a business can use. By replacing your traditional phone system with a VoIP system, your business is gaining the ability to control costs, gain superior functionality from your business’ communications solution, and provide additional ease of access through third-party integrations with VoIP providers. 

To save money there are plenty of other cloud-based options available. Your business can utilize productivity software in the cloud. Useful tools like payroll software or the more comprehensive customer relationship management (CRM) can all be procured as a cloud service, giving your team anywhere, anytime access to software designed to keep your business in order and keep projects and services on budget and meeting deadlines. 

If yours is one of the millions of small businesses looking to stretch your budget a little more to make your business more cost-conscious, call the IT professionals at Reciprocal Technologies today at 317-759-3972 to learn how our professional consultants can help you deploy the technology your business needs for a price you can manage.