前5名的抛光工艺ogy Secrets To Build Your Small Business in 2014To ring in the New Year, small businesses need to start off on the right foot. Here are the most effective ways new technologies can help small businesses punch above their weight class and increase profits in 2014.

ByMichael Garrity

Opinions expressed by Entrepreneur contributors are their own.

For the 23 million small business owners in the U.S. who compete head to head against big-box stores every day, technology is a vital tool that's leveling the playing field for Main Street merchants.

Armed with a tablet and a few key apps, today's small businesses can tweet the day's specials, process a customer's credit card, run a complex loyalty program, manage payroll and much more. These new tools are ubiquitous, inexpensive, simple to use and make it easier than ever to compete with huge corporations.

To ring in the New Year, here are a few ways to utilize new technologies to help increase profits and stay ahead of competitors.

1. Move your business to the cloud.For front-office management tasks, many small-service companies still juggle a combination of paper, spreadsheets and calendars to stay organized. This archaic system can present many issues -- everything from searching through endless file cabinets for documents to making it tricky to share information. Utilizing cloud services can help alleviate many of these hassles.

Related:15 Useful Tech Tools for Your Business

There's a full-range of affordable cloud-based and mobile tools specially designed to manage customer scheduling, signups, time tracking and billing, among other duties. For example, appFront Deskhelps personal trainers, dog walkers and other personal-service companies handles customer management and scheduling functions. For field-service businesses, like landscapers and painters, there isJobber, which assists with quotes and routes. Another tool isStyleSeat, a platform that provides personal-care businesses, such as salons and stylists, services like emails.

2. Ditch pricy point-of-sale (POS) solutions.Tablets and smartphones with free or premium apps can now replace full-blown POS systems, letting small retailers accept more than cash. For example, everyone from your local coffee shop to your babysitter can use the tiny mobileSquarecard reader on their Android or iOS device to accept credit or debit cards.

Also, for small retailers that want to cater to both online and physical shoppers, ecommerce platformShopify'sPOS syncs customers and sales made online and in the retail location.

My company,Financeit, lets small businesses offer monthly-payment plans for big-ticket items like high-end consumer goods and home improvement projects -- all from a mobile device.

3. Get on board with loyalty and rewards programs.Considering that a repeat customer has a higher lifetime value than a new customer, it pays to invest in customer loyalty. In the past, only big corporations had the resources to offer elaborate loyalty rewards programs, while mom-and-pop shops were left handing out paper punch cards, which would often end up lost in pockets, getting washed or trampled on.

Related:Data Crunch: 5 Analysis Tools for Small Businesses

Times have changed. Smaller merchants can now check out loyalty programs likeFiveStars,BellyandPerkato create modern mobile loyalty and digital card programs at an affordable price.

4. Turn to inexpensive tools for backend productivity.Traditional accounting and HR software used to be expensive and require technical infrastructure, but today, business owners can take advantage of easy-to-deploy cloud apps to run efficiently with their limited resources.

Startups have created useful tools that address specific needs, includingFreshBooksorWave Accountingfor invoicing and accounting,Shifthubfor workforce management andIntercomfor customer care and user on-boarding.

5. Take advantage of marketing and sales plug-ins.By adding a simple plug-in app, small businesses can turn their basic Gmail service into something even more powerful. For instance, usingStreakturns Gmail into a customer-relationship management tool, allowing businesses to track customers, active leads, deals and sales pipelines from the inbox. Other sales plug-ins includeRapportive, which provides detailed profiles on each contact, email-trackerYeswareand scheduling and reminder toolBoomerang.

These are just a sampling of the many apps that small businesses can use today to get ahead of their larger competitors. The bottom line is that small organizations no longer have to go it alone -- there's an app or technology out there for virtually any business need.

Wavy Line

Michael Garrity is a 15-year veteran of the financial technology industry and the CEO and co-founder ofFinanceit, a platform that enables small business to offer consumer-financing anytime, anywhere.

Editor's Pick

Related Topics

Business News

Kristen Bell and Dax Shepard's Family 'Stranded' at Boston Airport During 9-Hour Delay: 'We Made Quite a Home Here'

The actors spent $600 on pillows and blankets while waiting for their flight.

Business News

What Is a 'Lazy Girl Job'? New TikTok Trend Empowers Women to Work However They Want

The trend began as a way for women to find more free time during their days.

Business News

Kevin O'Leary Slams Anheuser-Busch CEO's Listening Tour, Says It Won't Stop Bud Light Backlash for One Huge Reason

Anheuser-Busch U.S. CEO Brendan Whitworth announced plans to hear consumers out this summer.

Business News

'We're Not There Yet': Meta Focuses on User Retention for Threads Amidst Significant Drop in Engagement

Meta's new Twitter competitor, Threads, experienced a substantial drop in engagement, losing more than half of its user base after its initial launch.

Business Culture

I Started My Business In My Mom's Basement at the Age of 17. Here are 5 Rules I Wish I Had Known, But Had to Learn the Hard Way

There is no easy way to break this to you, but you are the least important person in your business!

领导

5 Ways to Turn Rejection Into Resilience

As I've built my company, I've grown a much thicker skin when it comes to rejection — and so can you. Here's how.