If you run a startup which is in its first few years of conception, you might be having a hard time this year. After all, more and more businesses are suffering at the hands of COVID-19, as the global economy spirals and jumps in all directions.

Even highly successful, well-established businesses are struggling to make ends meet at this time, meaning that for smaller, more vulnerable businesses, the waves are choppy and the storm is ongoing. The chances are, your startup could benefit highly from cost cutting solutions which don’t damage your brand, but simply innovate your operations. 

Software can provide many things to our lives, and one of those things is budget-friendly solutions to business issues. In this article, you will find out just how software could save your startup by reducing your outgoings and making your operations slicker and more efficient!

Accounting Software

It is wise to have an accountant if you run a business. This is a fact. Nevertheless, accounting software can provide you with many of the services an accountant provides, leaving the accountant’s role at troubleshooting, advising and occasionally intervening with your startup’s finances.

Accounting software UK can revolutionise the way you pay your staff, organise your taxes, and measure profit. These simple tools cost an annual fee which is minute in comparison to an accountant’s hourly charge. Plus, accounting software has one advantage over human accounting: the lack of human error. You get all the financial support you need with 100% accuracy - and, crucially, at a fraction of the price. 

1. Video Chat and Personal Connection Software

If you find that a large chunk of your startup’s budget is spent on an expensive office space for your team to meet, there’s a solution to that. Scrap it! The COVID-19 pandemic has taught us all that home working can be effective and even beneficial for all kinds of companies.

Of course, face to face meeting on occasion is essential, but if your team gives it the go-ahead, the brilliant video chat software that is available nowadays creates an ideal opportunity to cut costs on an office space!

Plus, home working has been shown to improve work-life balance, with fewer commuting hours, the ability to cook food and increased time spent with family and friends. Everyone wins!

1. Social Media

Social media is a part of practically everybody’s life, but for your business, it could be a game changer. Using social media business tools such as Instagram’s Promotion function, you could cost-effectively draw thousands of new customers to your company site.

Social media’s accessibility allows you to connect with your customer base, understanding more deeply what they respond to most strongly, and providing them with access to your brand ethics, style and uniqueness. All in all, social media is a ubiquitous software which holds incredible power, if you harness it correctly. 

In conclusion, software could indeed save your startup. With the right strategies and innovation, software is a trusted friend which will propel your business into further success.