Since entrepreneurs and small business owners are often responsible for fulfilling multiple roles, they may find time is one of their most important assets. Five Point Capital understands the challenges many owners face on a day-to-day basis and is offering the following information about time-saving technology to help them find ways to make the most out of that precious commodity.
More than 85 percent of small business owners and entrepreneurs now use smartphones in their daily operations for a variety of purposes, including email, internet searches and a company phone number, according to a recent study by PayChex. Mobile applications save time for 78 percent of surveyed owners – 5.6 hours per employer and 11.3 hours per employee.
Smartphones aren't just saving businesses time. They are also proving to be a convenient way of capitalizing on sales opportunities. The emergence of mobile payment technology has been extremely beneficial for small business owners, who can now plug a small credit card reader into smartphones to accept payments anytime, anywhere. A recent announcement from Square revealed just how popular the innovation has become – more than 2 million people are now using the devices to process credit and debit cards.
If small business owners want more advice about the best ways to manage their time and their finances, they can turn to Five Point Capital. With ample experience working with entrepreneurs in the past, the company can help individuals turn a dream into a successful business.