6 steps to grow your small business
If you're a small business owner looking to grow your business, you've likely spent a lot of time contemplating the addition of some kind of automation into your operation. You may have also then held back due to concerns of cost, apprehension about return on investment, or simply a lack of confidence.
Sound familiar? You aren’t alone. In fact, nearly 36% of CEOs consider themselves to be the biggest barrier to implementing digital transformation in their business.
However, with the right approach, you can gain the confidence to invest in software for your business.
Here are 6 steps to help you get started:
- Don't follow your competitors blindly
It's common for CEOs to rush into technology investments to stand out from the competition. Unsurprisingly, this can often lead to choosing the wrong software for your business. Instead of blindly following your competitors, focus on what your business struggles are and what you need from your software.
- Assess your business struggles
Before choosing any software, assess your day-to-day struggles in the business. For example, are you able to access and use your business data effectively? Do you struggle to manage your employee's time efficiently?
Once you have identified the areas of your business that need improvement, you will have a clearer idea of what you need from your software.
- Research your options
When it comes to implementing ERP software, the risks are mainly down to the lack of research that businesses conduct before acquiring a new solution. To prevent repeating history, do your groundwork and establish what your business requires from a new solution. Look for vendors who can meet your specific needs.
- Consider the user experience
When choosing a technology solution, it's important to consider how user-friendly it is. You don't want to invest in software that your employees find difficult to use or doesn't fit with your current workflow. Look for solutions that offer a smooth onboarding process and provide training and support to ensure your team can use the software effectively.
- Plan for scalability
As a small business, you may not need all the features and functionality of an enterprise-level solution right away. However, it's important to choose a technology solution that can grow with your business. Consider the potential for scalability and whether the solution can accommodate an increase in demand, number of users, or expansion into new markets. This can save you from having to invest in a new solution in the future and make the transition smoother.
- Believe in your decision
Finally, have confidence in your decision to invest in new software. ERP implementation success rates are high, with two-thirds of participants rating their implementation as successful or very successful. The key to success is driving the onboarding process with passion, with support and commitment from upper management.
Digital changes can seem daunting, but by taking the time to assess your business struggles and research your options, you can find the right software solution for your business. Have confidence in your decision and trust in the process. Before you know it, you will be reaping the benefits of your investment.
Get started with automation
Choosing the right technology solution for your small business can be a challenging task, but by following the steps outlined in this article, you can make the process less overwhelming. Remember to focus on your business struggles and research your options before making any decisions. Also, keep in mind the importance of user experience and scalability when selecting a solution. With the right software in place, you can improve your operations, streamline your processes, and ultimately grow your business.
Don't hesitate to take your first steps towards a digital transformation today: Download our guide to choosing your first ERP here