How Smartphones Have Changed Entrepreneurism

Technology and business are linked together forever. New technology leads to new business opportunities, which in turn leads to new tech innovations. In particular, smartphone advancements have led to radical changes for entrepreneurs. It’s now possible to start and support a successful business from your smartphone. You no longer need large office spaces or expensive computers and software to manage your business from any location with a device that fits in your pocket.

Make Mobile Payments Possible

The primary purpose of a business is to make money, and collecting that money should be as easy as possible. On the flip side, spending money for your business should be equally painless.

When you link your credit, debit, and bank accounts to one app such as PayPal, you can send and receive money all from your smartphone. You can also attach a card reader to your device to accept card payments anywhere you are. You don’t need to physically store invoices or checks anymore: All transaction data is safely stored on a server that you can reach at your convenience.

Keep Your Business Open 24 Hours

One of the smartphone’s greatest contribution to entrepreneurs is how these devices allow you to always stay connected with your business. As long as you have a signal, all your important documents will be readily available when you need them. You don’t need to drive back to the office if you forgot your briefcase. Save all your files to a cloud service such as Dropbox, and you’ll have access to your documents at your leisure. Your storefront may close, but you have option to keep working.

Offer More Than Words Alone

Since a majority of our communication is nonverbal, business contacts need to see each other. In the past, you may have had to fly halfway across the country to get some face time with a prospective client. Now, installing apps such as Skype gives you a full-featured videoconference device on your smartphone.

The video has to be clear, so videoconferencing requires a phone with a large screen and a high megapixel camera. Additionally, you need to pair the smartphone with a dependable network because Wi-Fi access will not always be available. For example, the ultra-sleek LG G6 smartphone on the T-Mobile network comes with a 5.3-inch, high-definition screen and a 16MP and 8MP dual camera. When you pair this phone with the unlimited data communications package on a reliable nationwide 4G LTE network such as T-Mobile, you’ll be able to see your clients with perfect clarity throughout your calls.

Permit Easy Business Trips

Traveling for business trip can be a scheduling nightmare, with many unknown factors that could derail even the most foolproof schedule. You can automate this process using your phone and the app TripIt.

When you book a flight, hotel, rental car, or anything else for your trip, most companies send you a confirmation email. Forwarding those emails to TripIt instantly creates a customized itinerary that you can view on your smartphone. This itinerary comes with driving directions, maps, and real-time flight alerts that can help you find an alternate flight. If you’re traveling with a group, TripIt also syncs with the rest of your team’s schedule.

Teamwork Makes the Dream Work

Long-term group projects are the cornerstone of many businesses. Coordinating people and resources over the course of months is easier than ever thanks to smartphones.

Project team members can get access to and share their work through the cloud. Smartphones can also sync up team members’ schedules to meet project timelines. Also, you don’t need to pull everybody into an office to have a meeting. The team can constantly communicate ideas and concerns through their phones. Most importantly, the project manager will be able to see every moving part and better lead the project.

Small businesses used to lack the resources of larger businesses. Technology, and smartphones in particular, are now allowing entrepreneurs to catch up with their larger counterparts. Today, you can effectively meet your business needs with a smartphone the size of your hand.

About Mohit Tater

Mohit is the co-founder and editor of Entrepreneurship Life, a place where entrepreneurs, start-ups, and business owners can find wide ranging information, advice, resources, and tools for starting, running, and growing their businesses.

Speak Your Mind

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.