The Startup Grind: 3 Ways to Make Each Dollar Count

Keeping costs low is a priority for many companies, and nowhere is this more important than in startups. From hiring a new team and renting an office to getting your business off the ground, everything costs money. Keeping a careful and watchful eye on where your limited funds are going is a must. That’s where video communication systems prove handy. By using video, you can save on business costs. Here are three ways to make that happen when you integrate a video system into your communication platform:

Eliminate Travel Costs

Inc says that one of the best advantages to video calls and conferences is that it significantly cuts down on your travel costs. Since the point of using video chats is to remove the need for travel, allowing employees to meet without having to show up to the office or in a particular meeting place, your employees can save up on travel fare. Do you need to send your employees to other sites for training or to provide troubleshooting assistance? There will be no need to spend on airfare along with accommodations and food. With video, your training managers can conduct their training or offer help to teams from other branches or site. Provide weeks-long training to employees at the company’s HQ? You can conduct 3 weeks out of those 4-week training courses through video and reserve the last week for onsite training. That’s going to save your company a tremendous amount of travel costs.

Faster Hiring Results and Less Costs

Hiring is crucial. Finding and recruiting the right people to work for your company is the first step to your success. The longer it takes to fill up a position, though, the more that the delays in production and delivery will be costing your business. You don’t want clients to get the impression that you can’t handle the workload or that you aren’t able to deliver on time. That’s going to be detrimental to your business in the long run. But you can’t rush through the hiring process either. Otherwise, you could end up with a bad hire, one that could undo all the hard work you’ve done so far. However, by using video technology, finding the right hire can be done that much faster and easier since hiring teams can now expand their talent pool to the rest of the world. Since monitoring remote teams is now easy and convenient, with video conferencing for small business from BlueJeans becoming more and more popular, companies won’t have to worry about hiring offsite teams. Now, you can get the talents you want that much faster. You won’t have to compromise on hiring standards just to get those vacant positions filled up. Also, hiring teams only had resumes and phone calls, as well as email communications, to help them sift through the pile of candidates. Using video conferencing gives them more material to work with, helping them gain more insight into the kind of talents they’re hiring. It also shortens the hiring process, since recruiters no longer have to set up meetings or reschedule them when applicants have a hard time getting away from work or home. With video interviews, both sides have a much easier time getting to that meeting. That makes for shorter hiring processes and faster results.

Reduce Misunderstandings

Computer Weekly cites face-to-face communication as one of the major benefits of video conferencing. That’s because face to face communication helps improve the quality of every interaction. A huge portion of the communication we do every day is non-verbal. Those cues, though, are lost when you use email, chat, text, or call. Video allows you to see the facial expressions and body language of the people you talk to, so you have a better idea of how they’re feeling, such as if they’re stressed, tired, or happy. This helps geographically dispersed employees to bond with their teammates, regardless of being several cities or continents apart. Better working relationships are key to building a strong and productive team. Encouraging camaraderie and team closeness helps prevent conflicts and tensions from happening and affecting employee work performance. After all, it can be easy to mistake a short email for a rude or curt one, a chatty email for being unprofessional, or an offhand comment for being snarky, when you don’t have context cues to help you get a better understanding of what the other party is saying or coming from. With video, though, you can look forward to working together with the rest of your team, no matter where they happen to be.

Conclusion

For startups, funding can mean the difference between staying afloat for another six months and closing down the business. That’s why keeping costs low matters. If you’re looking for a way to help you do that while improving the rate of productivity and collaboration at work, then it might be time for you to explore the merits of a video conferencing system.

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Advancing Women

Advancing Women