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Impact of technology on small businesses
Technology impacts how small businesses do business. There has never been a better opportunity to revolutionize small businesses. The modern small business is more efficient Anthony DeSclafani Jersey , productive, capable and competitive compared to the past periods. Today, small businesses significantly rely on technology in their daily operations (Doukidis et al., 2001).Technology ranges from online file storage and Web-based applications to computers with Internet capabilities to printers and other technologies. These advances affect small businesses across a range of industries.
Technology affects small businesses in both positive and adverse ways. On the positive aspect Matt Kemp Jersey , small businesses have the ability to work closely with stakeholders (Hatten, 2015). The fast-paced business environment requires small businesses to collaborate with all stakeholders to promote efficiency. Technology plays a key role in this collaboration. Instant messenger tools and E-mails have paved the way for online sharing and collaboration (Doukidis et al., 2001). This way, technology provides tools for small businesses through the startup phase and at different growth stages. Technology provides small business owners necessary flexibility. People can now work from home or online without establishing a physical business. Small businesses have continuously set up online stores in place of investing in costly storefronts.
On the other hand Joey Votto Jersey , the fast pace of evolution forces small businesses to adjust in numerous ways. Small businesses that do not adjust to technological changes often find themselves out of the market (Hatten, 2015). Essentially, every small requires multiple telephone lines, computer workstations Jose Iglesias Jersey , and network infrastructure to successfully operate. The idea is to stay informed about the latest trends so as to keep ahead of the competition. With the adoption of technology comes the threat of security attacks such as phishing attacks, digital takeovers, security breaches and privacy issues. These can wreck havoc on small businesses.

References
Doukidis, G. I. Scooter Gennett Jersey , Smithson, S., & Lybereas, T. (2001). Trends in information technology in small businesses. In Strategies for managing computer software upgrades (pp. 28-43). IGI Publishing.
Hatten Authentic Reds Hats , T. S. (2015). Small business Management: Entrepreneurship and Beyond. Nelson Education.


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