Starting up a business can be scary for most people, especially with the thought of all of your hard earned money at stake with the risk of failure. It’s known that nine out of ten businesses will fail in 5 years, and the number gets even smaller once they reach 10 years. Utilizing a document management system will foster the growth of new businesses, and keep mature business running smoothly.
One of the most detrimental things to a new business is a lack of organization and attention. You can have an outstanding product and an abundance of gifted employees, yet your business can collapse if you are failing to get basic tasks done each day. Basic tasks like responding to emails, organizing/sending invoices and files, and contacting customers can be time consuming. However, spending too much time in the office can hurt your business as you can’t be out in the field meeting potential new customers.
Imagine you’re in the field when you get a call from a customer. They have an important question about their account. You can’t resolve the issue in a timely manner. You’d have to go all the way back to the office, find the information, and then make another call. Taking too much time is frustrating for everyone involved. Not to mention, it puts a damper on the business relationship. Now imagine that same situation, but instead of going back to the office, you have instant access the information that your customer needs. You’re able to find what they ordered, when it shipped, and when it will be delivered. You have all the information you need, anywhere you go.
Another problem that most businesses run into is unexpected growth. Those two words might sound good, however, when a business starts to grow too fast, they might not be ready to handle the transformation. More customers means more business, which in theory will require more man hours and technological resources. Be ready before your business flourishes and find what software systems will grow with your business. Unexpected growth should make you happy, not bring you stress.
Time is of the essence; so instead of running all over the office, or your town, trying to find information, consider a document management system. Don’t wait, get more information today.