Using Technology to Increase Profitability and Stimulate Growth
- Author Matt Brooks
- Published November 13, 2010
- Word count 862
Your business' daily operations determine how profitable, scalable, and sustainable it is for the long term. Companies in all stages of business from start-ups to established brands all have similar recipes for success - have a great product, efficient operations, and a growing customer base.
The advances in technology make it much easier to hone business operations into a manageable and trackable system. There are software applications specifically engineered to help all types of businesses streamline operation, speed up transaction times, and provide ways for continued contact with the customers. With all the tools and technology available to help businesses grow, many small businesses or self employed business owners are still not adapting to the new technologies.
Steep upfront cost and learning curves are the main reasons we see small businesses fail to adapt new technologies - and too often it is based on assumptions. Business owners may not even look into technologies available because the think they can't afford new software to run their business. Fortunately, the mindset of software companies has evolved over the years to offer small or no up-front fees and a monthly fee for the software. With a monthly fee pricing structure (often referred to as SAS or software as a service), businesses can use the software to improve their business operations and increase their profitability by saving time, keeping track and taking payments, improving communication with customers, increasing data security, and increasing conversions by simplifying the transaction/registration process.
We found one great example of a software company giving its clients a useful web-based business management tool with no upfront fees, no contracts, ongoing support, and loads of features. The Jackrabbit technologies, Inc line of registration software is one of the best we have seen. Not only do they remove the barriers to entry with no upfront fees and low monthly subscription fees, but they also have added over 200 updates and enhancements since 2008 - enhancements and ideas submitted by their customers. Jackrabbit Technologies, Inc has taken a leading edge approach to business management software. The company has grown over 50% since 2009, and now has more than 1 million students registered through their system.
What we found unique about the Jackrabbit software suite was how in tune the company was with its customers. On every single page within the software, there is a feedback button, allowing users on the fly to submit feature requests, suggestions, and ideas about making the software better. These ideas are then compiled, tested, and implemented to keep the software getting better over time.
Tonya Ebner of Academy Arts says that the Jackrabbit Dance Studio Software "... has CHANGED my life! By being able to allow my customers to check their accounts at all times and enroll while I sleep, I have increased sales to new customers, increase the satisfaction of my current customers--they always know WHY I charged their account (or at least know they can look it up!), and have managed to keep accounts from getting out of control for non-payment. A perfect example of this is this past weekend when we had costume pickup. I was able to, in a few keystrokes, print a list of all my customers who had a balance due for whatever reason (expired cards, declined cards, etc.) and have that with me so that they took care of their balance before they picked up their costume! Last year, I ended up handing out costumes to people who owed me quite a bit of money. This alone has made the tiny amount I pay each month worth every penny!"
When looking for business software, there are a few things we realized that were important to finding the right provider. First, have a clear understanding of what you need. Most small businesses have similar needs, but each is different. What would make your business run smoother? It may be online recurring payments, customer management, e-commerce components, or online registration. Second, clearly define what you want your role to be. You got into business to make money doing something you enjoy and are good at - so spend more time doing that and less time on the administration of the business. The right business tools and software can allow you to do just that. Third, start investing time in things that are important. So many tasks that occupy our time and attention are things we consider to be urgent and pressing. Defining what is urgent and what is important will help you decide where to best spend your energy and resources. A small business owner has to wear a lot of different hats and take on a lot of different roles. As the business owner, you ultimately decide how those roles are handled. Don't neglect the important things such as attention to customers, marketing, or staying aligned with the companies vision and core values because of the minutia of the day to day operations. Our best advice to small business owners is this - every business function can be optimized if you use the right business tools, so find the tools that work for you, and get back to doing the things that you enjoy. You and your customers will notice.
About the Author: Jackrabbit Technologies is a business management software company offering industry specific business management tools, such as their dance studio management software, Jackrabbit Dance.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Beyond the Razor: A Complete Guide to Gentle Hair Removal.
- Nourishing Beauty from Within: How to Strengthen Hair, Brighten Skin, and Protect Nails Naturally.
- Unlocking Inner Beauty: The Science of Stronger Hair, Radiant Skin, and Resilient Nails.
- The Secret to Silky Skin: Modern Hair Removal Solutions Explained.
- Wildly Elegant: Why Antelope Carpet Is the Ultimate Patterned Carpet for Luxury Homes
- Automatic Driving Lessons in Glasgow: Your Top FAQs Answered by Autogear Experts
- FAQ Guide: Everything Caledon Homeowners Should Know About Choosing Lighting from Fehmi Lights
- The Evolution of Compact Cinema Cameras: From Studio Rigs to Agile Setups
- Smooth Confidence: The Ultimate Guide to Effective Hair Removal.
- The Natural Path to Stronger Hair, Glowing Skin, and Healthier Nails.
- Smooth Skin Ahead: How to Remove Skin Tags Safely and Naturally.
- Smooth Skin Ahead: Natural Paths to Reducing the Appearance of Scars.
- The Art of Carved Doors: From Rustic Charm to Modern Elegance
- The Pediroller: A Simple Tool with a Profound Impact on Foot Health
- Fading Scars Naturally: How to Restore Smoother, Even-Toned Skin.
- Say Goodbye to Skin Tags Naturally: A Complete Guide to Gentle Removal.
- Refresh Your Home with the Carefree Spirit of Boho Decor
- The Charm of Modern Farmhouse Décor
- Luxury That Lasts: Why Happy Feet Flooring Is a Smart Investment
- The Real Reason Bamboo Pajamas Cost More—And Why GYS Makes Them Worth Every Penny
- Mastering Camera Support: How Precision Fluid Heads Transform Cinematic Movement
- Color Reproduction and Skin Tones — The Real Challenge for Modern Cinema Lenses
- The Use of Electric Callus Removers: A Modern Approach to Foot Care
- Clearer Skin Naturally: The Complete Guide to Safe and Effective Skin Tag Removal.
- Fading Scars Naturally: How to Restore Smoother, Even-Toned Skin.
- Varicose Veins Demystified: From Early Warning Signs to Proven Relief.
- Clearer Days Ahead: How to Effectively Treat and Manage Rosacea Symptoms.
- The Death of Expertise: Navigating the Political Landscape
- Hospitality Meets Worship: Church Carpet That Welcomes
- Using Toe Straighteners to Help Foot Problems