business technology

Entrepreneurship – Level the Competition with Technology

The greatest source of learning lessons for success is your business’ most dissatisfied and unhappy customers.

Attributes of Successful Entrepreneurs – Technology Levels the Field

Entrepreneurs can level the playing field with technology, but make sure that you avoid getting overly caught up in the high-tech world, though at the same time you should know how to take advantage of using it. So, understand that one of the most amazing aspects of the Web is that a one or two person business operating from let’s say, a basement, can have a much superior website to a $50 million company, and the good news is that nobody knows the difference.

Just make absolutely sure you’re keeping up with the high-tech world as it suits your specific needs. For everyone, the best technology is that which helps you be the most successful, not the technology that impresses your neighbors and friends.

No matter the size of your business, you can do several things. Let’s look at a few.

Build great products and services for the simple reason that if your products and services are superior, you’re naturally building a self-defense method. If you do this, your current and prospective customers won’t ever choose to leave you. It’s no surprise that too many businesses build inferior products or services, and then without a clue, wonder why their competitor keeps coming up with new products or services that so easily attract their customers.

Listen… listen… listen to your customers with the clear understanding that when you’re building products and developing services that your customers want, you are building strong relationships with those customers. This highly-effective strategy makes it extremely difficult for them to ever decide to leave you for the competition.

Innovative marketing ensures that your both current and prospective customers know what you are doing, and you constantly remind them of your value. Understand that there is a lot of noise in the digital content of the Web-universe that forever surrounds us. It is vitally essential that your business penetrates through the digital clutter on a regular basis.

Regularly make direct contact with your customers, because even though social media is great, it’s also important to have and maintain a customer database so you can directly reach your customers (email and newsletters) without needing a middle person.

You should always treat your customers as if they are special (because they are), and continue to develop and search for ways to add value to your relationship with them. If you do, they won’t leave you, and are much more likely to be your rabid fans and evangelists.

Finally, there are many ways to differentiate your business online. Here’s a few that you have to understand and master:

Develop and maintain a strong, central message which is your “elevator pitch,” and you should deliver your “value proposition” in as few words as possible. In other words, get to your point quickly, because the average attention is down to 5 seconds.

Avoid huge blocks of text because your home page is a gateway to your primary content, and isn’t the place for long, explanatory passages that will only drive traffic… away!

Avoid clutter, recognizing the importance of isolation and highlight of your central message. At the same time, you should rid your business of secondary messages that will only distract. Remember, distractions are anathema.

Use clear calls to action that is the purpose of any business website is in driving consumer behavior. Make sure it’s intuitively easy for your visitors to take the next step.

Technology tools offer real levels of market connectivity never before experienced and higher levels of success never before dreamed of.

Social Customer Relationship Management: No Longer an Option

social_network_istockTeam Altman Interesting News:

Real-time global digital communications and conversations between individuals, groups, consumers and businesses, and the social web continue to increase minute-by-minute and growing into wave after wave of at times, unmanageable chatter, which has created the need for a new genre of management called Social Customer Relationship Management to develop the understanding, and management of the social stream of real-time conversations taking place every second of every day.

The Rest of the Story: http://www.techcrunch.com/2009/07/11/real-time-conversations-hasten-social-crm/

Business Technology

biztechBusiness technology is a part of business which the level of importance is often overlooked by entrepreneurs until faced with catastrophic loss of business data or equipment. With many segments of the national economy causing concern to the rest of the marketplace, it makes it even more critical to make sure your business technology is operating at maximum efficiency, resulting in reduced costs and positive impact on the bottom line.

Every entrepreneur should make it a point to stay in touch with the most efficient use of current technology strategies, and how they can be applied to their particular business model.

One of the first questions to ask is “Do you really need that specific technology?” Or more important, “What kinds of technology do you need?” The answers are not always easily determined until an understanding of the many technologies is developed

An understanding of the following areas of business technology is critical to business owners achieving their desired levels of entrepreneurial success.

Protect Your Business and Your Data

  • Password protection
  • Wireless video surveillance cameras
  • Power conditioners, uninterrupted power supplies, and surge protectors (avoid catastrophic loss of data)
  • Back up business information every day and frequently test data restoration

Data Storage

  • Increase memory capacity
  • Online document storage
  • Mobile memory (flash drives, external drives, etc.)

Improved Communications

  • Automate customer communications (Customer Relationship Management technology)
  • Reduce phone bills with VoIp (Voice over Internet Protocol)
  • Choose the right email service provider

Tech Consultants and Service Providers (Due Diligence is Critical)

  • E-Mail service provider
  • Web host
  • Website development
  • IT Consultants

business-technoWebsite Improvement

  • Use of Autoresponders
  • Easy navigation
  • Use Web Analytics

IT Security

  • Use a firewall
  • Anti-Virus Protection
  • Perform regular security audits
  • Establish and enforce security policies

PC Maintenance

  • Install the right software
  • Update your Operating System
  • Dump what you don’t need
  • Clean and Defragment your hard drive
  • Keep PC Clean (Dust)
  • Security is important
  • Back up Data

Accepting Online Payments

  • Choose a shopping cart program
  • Know Credit Card Industry terms (Discount rate, Transaction Fee, Equipment, Monthly Minimum Fees, Reserve Fee, Chargeback Fee, etc.)
  • Security and Fraud Prevention
  • How to accept Credit Cards

On the Road

  • Take advantage of Hotspots
  • Travel light with a PDA or Smartphone
  • Choose a Laptop

business-techEmail Safety and Security

  • Watch what you write
  • Educate your employees
  • Don’t get hooked (Avoid Phishing)
  • Fight Spam
  • Anti-Virus solutions and updates

Shop Smart for Technology

  • Make sure you need the new technology you purchase
  • Develop a system to regularly discuss technology requirements
  • Renegotiate existing technology contracts for services and consulting
  • Study warranty details before acceptance
  • Buy online with care
  • Know what you want

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