By Fernando Berrocal

Utilizing new technology is a great way to help your business stay ahead of the competition. Starting your own business was a reasonably straightforward prospect six decades ago. Nowadays it’s a very different scenario to start your own business. Currently, there are so many laws, regulations, and hurdles to avoid that even the day-to-day operations of a small business may be overwhelming for most entrepreneurs. However, small business owners now have access to a massive array of technology that their counterparts did not have sixty years ago. This technology is designed to make their everyday life as convenient and stress-free as possible.

If you're starting to feel under pressure or are struggling to make the most of your time and resources this it’s the article for you. Keep reading to learn about some interesting new technology that may help you save time, money, and, most importantly, offer you peace of mind.

Remote Working: This form of work has been getting a negative reputation thanks to large businesses and some segments of the media. According to the conservative establishment, it's a symptom of Millennials and Gen Z's anxiety. However, we believe it's that establishment that mainly fears the speed with which the world is moving around them.

Remote working isn't just a trend or a symptom of an entitled younger generation; rather, it's a vital tool that far too many businesses are currently overlooking. For example, if you manage an accounting consulting firm in Whitefish Bay, Wisconsin, how many outstanding accountants would you be able to hire out of a population of 14,954 people? With a limited number of specialists to choose from, your options may be very limited. If you offer remote employment and spread your net as far as Milwaukee (a city in Wisconsin on Lake Michigan's western shore), you'll be able to find more qualified accountants and maybe even save money on compensation.

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Fast Internet: Workers in the UK suffered a loss of 17.5 full working days per year due to poor or unreliable internet connections, according to recent research. If you're cutting costs on your internet service, it's time to reconsider.  You and your team will be able to complete tasks more quickly and efficiently if you have excellent internet connection. An extra $30 a month is a small price to pay for each employee's additional 17.5 days of productivity.

Streamlined Taxation:  The IRS is the main organization with which you do not want to get on their bad side. Investing in Intuit's convenient tax kits guarantees that your tax responsibilities are always met when you pay your employees. They include a 2021 W-2 form, four free W-3 forms, and double window envelopes that are compatible. Your employees will receive copies of the pre-printed federal tax forms required to report employee wages to government agencies. To make your payment processes as automated as they are feasible, you can utilize Intuit’s QuickBooks Desktop.

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Chatbots: Your customers and clients are the lifeblood of your businesses, but they can also be a bit of a nightmare sometimes. From the customer who calls at 2 p.m. to see whether or not you're open, to the client who emails to see if your barber's salon does pet haircuts.  A solution to this problem is a chatbot on your website which can save time and sanity by answering consumers' most commonly asked questions in real-time. This will save you a huge amount of time, and also improve customer engagement because their concerns will be resolved fairly quickly.

Ready to bring your startup to the next level? Apply to MassLight’s next batch. MassLight supplies capital and a dedicated tech team. We take equity in return. Have questions? Refer to our FAQ page.

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