Starting and growing your own business is not for the faint of heart. Not only think about profitability, risk and the long-term success of your company, also consider dealing with mounting costs. From product inventory, shipping services and professional fees to administrative expenses, sales and marketing, benefits, wages and, of course, technology costs, it can seem overwhelming.
One way small businesses can save money, at least in the technology arena, is by taking advantage of all the scalable free software or freemium tools that are now available to them. From free trials of project management software, and freemium video conferencing tools to team collaboration opportunities, many entrepreneurs are saving big, while also getting a feel for the capabilities this scalable software can provide as the business grows.
Let’s take a look at why software like this is so essential to your small business.
While communication plays an ongoing role in a company’s success, keeping everyone on the same page as your business begins to grow will help make sure things are moving accordingly. After all, it takes a village to turn ideas into realities.
A recent study found that companies with highly effective communication practices see 47 percent higher returns than those without. One way to boost communication is to take advantage of freemium team software that allows you to:
A valuable project management tool can help mitigate costly mistakes and give you a jump on the competition. Especially when you consider that only 58 percent of the other organizations out there fully understand the value of project management. But not all free trials are the same. Here are some benefits to choosing the right project management software:
While free software has its obvious benefits, it’s often worth it to invest in the paid version from the get-go to get the additional features and services you need. For example, if you want team management software with added benefits like advanced reporting, the premium product may be a better choice.
Same with project management software. If you’d prefer having features like in-depth analytics or fully-installed, up-to-date desktop applications, you’ll need to consider that, as these features can often end up paying for themselves in the long run.
No matter which path you choose, a software subscription or a free version, be sure you research all your product options to find the perfect fit for your business.