“The Tale of the Shark and the Minnow”

The minnow doesn’t like change. It waits to see what everyone else is doing and what works. The minnow is slow to adapt and likes to stick to business as usual.

On the other hand, the shark is always changing, always moving, and attacks the latest and greatest before everyone else finds out about it. The shark knows that business as usual will put you out of business. It dives into the latest technology and beats the competition.

Would you rather be a minnow or a shark? That’s a no brainer, right?

Technology adoption is often what sets the best businesses apart from the pack. If you are holding back, waiting to see how things go, waiting to respond to your competitors, you are as good as hooked. Here are some trends you’ll want to be watching. You can’t afford to miss these.

  • Anytime/ anywhere
    • Business isn’t just done in an office or even behind a desk anymore. It’s done in an airport, a coffee shop, your living room, or even your kid’s baseball game. If you want to keep up with the way business is done, you need to have the right tools to keep things on track anytime and anywhere.
  • Online/ cloud
    • By now, I’m sure you’ve heard about the cloud and some of the many benefits of working online. It used to be mainly about reducing costs, but now it is about so much more. Managing accounting processes in the cloud allows for improved agility, innovation and collaboration.
  • Social
    • It’s not just about social media (although that is important as well). It’s about social collaboration. Several tools and accounting applications now give you the ability to collaborate with your colleagues or even your accountant or bookkeeper online and in real-time. This makes it much easier to share information and solve problems.
  • An app for anything, and everything
    • “There’s an app for that.” Sound familiar? Well, there really is! And that definitely includes accounting, invoicing, and project management tools.
  • Real-time data and analytics
    • Manually compiling numbers every time you need an update is so 2013. Real-time data reporting is where it’s at now. When you can access information in real-time, you can quickly identify trends and opportunities and gain a competitive edge.

Phew, that was a lot of information! Being a shark can be exhausting, right? To help you get some TLC, our friends at Sage are offering readers of (The Tale of the Shark and the Minnow) a chance to win one of two $225 gift certificates toSpaFinder.com. Click here to enter for your chance to win.

http://go.na.sage.com/PP_2014_Q4_7-10-14_IB_SummitSharks