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Insights for Entrepreneurs

Business Management Tips For The 21st Century Entrepreneur

It may seem like the 21st century is still in its infancy, but the first 20 years have seen technological progressions unlike any other time.  This means a whole lot of changes for business and a dire need to keep up with new developments.  

If you’re currently in a position to manage a business operation, you could probably use a few good tips.  Here are some business management tips for the 21st century entrepreneur.  

Understand the need for a virtual office

The culture of the 21st century means that your business needs to be an accessible entity from anywhere.  Even if you already have a brick and mortar office, you’ll need a digital office for collaboration and connection at all times.  

Sharing, delegating, and virtual collaboration efforts have changed the face of business today.  Find the best mobile apps for staff scheduling, financial endeavours, and video conferencing, and stay connected.  

You can do more to lower your overhead

The tech advancements of the 21st century have allowed for business owners and managers to consider nixing the physical “office” altogether.  Remote operations are common, and remote professionals are extremely accessible.  

Today’s entrepreneurs have the ability to run their business entirely from the comfort of home.  Successful entrepreneurs know how to use the tech advances of today to their advantage.  

Digital marketing is an absolute necessity

Marketing had radically changed in the past two decades.  Today’s business owners should focus the majority of their marketing efforts towards digital outlets.  Utilize social media for visibility, and dive into the purpose of SEO efforts in your digital design.  

Email is another great outlet for business marketing.  Collect email addresses using your business website, and send out regular newsletters, deals, and promotions.  Maintaining a steady connection with consumers is crucial to the progression of your business.  

Keep in constant communication 

There’s no reason to ever have trouble communicating with the professionals who help keep your business moving forward.  Technology offers a long list of digital communication apps. Use apps like Skype, Messenger, and GSuite to keep everyone in the proverbial loop.  

As long as there is an internet connection, you should have no trouble working fluently throughout the night and day.  No matter where you are physically, you can be at work.  

Remember your people skills 

Throughout all of the electric excitement stirred from today’s technology, always keep in mind that you’re still dealing with people.  Remember the human side of business, and tread lightly with others.  

It can be difficult to infer tone and inflection through digital communication, so be sure you are clearly non-confrontational.  Great digital communication skills come in handy when dealing with a disgruntled employee or customer.