69% of US entrepreneurs start their business at home. If you’re one of these entrepreneurs, there’s no better time to start a home business than today.
Home-based businesses help you save money and there are plenty of resources you can use from the comfort of your home.
Fortunately, technology is making the arduous beginning stages so much easier for new entrepreneurs. Technology provides the necessary tools you need while helping you save time and money.
If you’re running a business from home, here are 5 tech tips to help you along the way.
1. WiFi Is Your Best Friend
You never know how much you truly value the internet until it’s gone. This is why you should always have your eye on your WiFi.
Your internet is one of the best investments you can make in the beginning stages. Purchase the more expensive and higher quality WiFi plan. Always have a WiFi hotspot in case you have an internet outage.
2. Start With Free Tools
Every business needs different tools. But some are necessary across all industries and are available for free.
G-Suite from Google is a perfect example. Every business can use spreadsheets, email, forms, documents, and cloud storage (or Drive).
Keep in mind, Google has a business plan that is worth investing in. But to start, utilize free tools and save money while still completing necessary functions.
3. Always Keep ROI in the Back of Your Mind
This tip closely relates to the previous one. While many tools are free, you’ll also have to pay for your tools. In this case, keep ROI in the back of your mind when investing in tools.
If a tool or service offers a beginner version for cheap, use that and only upgrade if you need to.
4. Always Use Communication Technology
As your company grows, you’ll need to hire staff. Since you work from home, it’s likely your staff will, too. There are many ways for you to communicate with your staff.
For starters, email is the preferred option for many businesses. There are also communication programs, such as Slack, where companies can host chats with their staff members.
You can also create a Facebook or LinkedIn group for better collaboration.
5. Create Your Paystubs Online
Speaking of your staff, you have to pay them. Even with direct deposit, PayPal, and other digital forms of payment, providing a pay stub will help your staff know how much they earned and where their money is going. If you have self-employed contractors in your team, you can also use this guide for self employed pay stub as a reference.
There are plenty of websites where you can create paystubs by entering in your information and choosing a template. There’s more information here.
Running a Business From Home Is Easy With the Help of Technology
Are you running a business from home? If so, technology can help you connect with your staff and can offer a cheap and effective way to manage your daily tasks.
Do you run a home business in New Jersey? Keep reading our blog to get caught up on business ownership advice and other advice for New Jersey residents.
