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Taking advantage of technology.


Small business owners should use digital tools as extensions of their companies

Small business owners should not discount being creative when it comes to saving time and money. Introducing, Time & Money: a new BE column that will help small business owners save both, and redirect re·di·rect  
tr.v. re·di·rect·ed, re·di·rect·ing, re·di·rects
To change the direction or course of.

n.
A redirect examination.



re
 these savings toward the growth and expansion of their businesses. To that end, we first turned to Dell Computer Corp.'s small business division, and discovered these suggestions for creativity.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 a study by International Data Corp. (IDC), a marketing research firm in Framingham, Massachusetts Framingham is a town in Middlesex County, Massachusetts. As of the 2000 census, the population was 66,910, making it the most populous town in New England. The 2005 population estimate is 65,598. , small businesses should look to "hiring the Internet" to delegate and manage time-consuming activities, potentially cut operational costs, and increase revenue. Those businesses that make use of available Internet technology as a support tool in their daily business functions will most likely report higher annual revenues than companies that don't.

Terry Sadowski, vice president and general manager at Dell's small business division, says, "Areas that the Internet could help facilitate but [that] some small businesses may be overlooking are day-to-day operational duties, such as handling finances, recruiting employees, and identifying sales leads A sales lead is the identity of a person or entity potentially interested in purchasing a product or service, and represents the first stage of a sales process. The lead may have a corporation or business associated with the person(s). ."

Often, Websites will uncover "Internet employees," says Sadowski, "which can be hired to perform roles such as accounting, marketing, office management, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , and administrative."

Taking advantage of Websites, such as www.delleworks.com, www.blackenter prise.digitalworks.com/biztools, and www.americanexpress.com (under the small business tab), will provide tools to manage these labor-intensive tasks so that business owners can concentrate on their core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
  1. It provides customer benefits
  2. It is hard for competitors to imitate
  3. It can be leveraged widely to many products and markets.
.
COPYRIGHT 2000 Earl G. Graves Publishing Co., Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Author:McCoy-Pinderhughes, Paula
Publication:Black Enterprise
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 1, 2000
Words:250
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