Technology Impact Business Essay

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Small business owners should consider implementing technology in their planning process for streamlined integration and to make room for future expansion.

This allows owners to create operations using the most effective technology available.

Small business owners can use technology to reduce business costs.

Basic enterprise software enables a firm to automate back office functions, such as record keeping, accounting and payroll.

Technology allows small businesses to reach new economic markets.

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Rather than just selling consumer goods or services in the local market, small businesses can reach regional, national and international markets.

Technology has revolutionized the way companies conduct business by enabling small businesses to level the playing field with larger organizations.

Small businesses use an array of tech – everything from servers to mobile devices – to develop competitive advantages in the economic marketplace.

Small business owners may consider outsourcing some operations if they do not have the proper facilities or available manpower.

Outsourcing technology also allows businesses to outsource function to the least expensive areas possible, including foreign countries.

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