Cash-strapped firm owners can turn to tablets

Small-business owners are having to focus on cash management more than ever with current state of the economy and the difficulty some firms are experiencing when trying to pay out the wages expected by employees. Keeping this in mind, many owners at small enterprises are looking for ways they can leverage technology to carry out some of the roles that staff once completed, more specifically, tablets, according to The Wall Street Journal.

An example provided by the paper is Carla Hesseltine, owner of Just Cupcakes in Virginia Beach, Virginia, who is considering replacing her employees manning the cash register with a tablet, giving her customers the ability to place orders in the store without the help of a salesperson. Not only will this make the process more automated for Hesseltine, it will also help her maximize the budget at her company. The changes Hesseltine is planning to make at her firm are falling in line with the current conditions of the business market.

Tablets are continuing to gain popularity
Hesseltine may be onto something by planning to incorporate more tablets and less workers into her business plan. According to recent forecasts from Gartner, tablet shipments throughout the world are expected to grow to 197 million units in 2013, an increase of 69.8 percent increase from 2012. While this statistic includes both businesses and consumers, there is no question more small-business owners are taking advantage of the power of apps and the cloud, making the tablet a worthy investment.

"Lower prices, form factor variety, cloud update and consumers' addiction to apps will be the key drivers in the tablet market," said Ranjit Atwal, research director at Gartner.

Content presented by Bridge Bank, offering flexible, customized solutions for entrepreneurs.

Getting Started

Find your ideal banker:

Select any filter and click on Apply to see results

Featured Insights

Success in the world of biotechnology and life sciences requires a level of patience that is foreign to most types...

A new report released by KPMG International and CB Insights said...

Startup accelerator Y Combinator is known for its innovative model in providing...

Beginning June 24, 2016, the Small Business Administration will start accepting...

In the continued trend of...

According to venture capitalist Bryce Roberts, traditional venture capitalism...

The mobility services landscape has been developing quickly, with ride-hailing...

Venture capital firm Y Combinator, which many call the world's most powerful...

Healthcare has been slower than other industries to adopt digital technologies....

HP Inc., a company that stemmed from the division of Hewlett-Packard, recently...

Recent News

07/25/16
Durham, NC -- July 25, 2016 -- Bridge Bank’s Life Sciences Group (LSG) today...
07/21/16
San Francisco, CA -- July 21, 2016 -- Bridge Bank’s Life Sciences Group (LSG) today...
07/01/16
MONMOUTH JUNCTION, N.J, July 1, 2016 - CytoSorbents Corporation (NASDAQ: CTSO), a...
06/23/16
SUNNYVALE, CA -- 06/20/16 -- Viveve Medical, Inc. ("Viveve") (NASDAQ: VIVE), a...
06/21/16
New Office on Famed Sand Hill Road Furthers Bridge Bank's Commitment to Serving...
06/01/16
Oakland, CA – June 1, 2016 – Bridge Bank today announced the recent hiring of...
05/23/16
New Office Located in the Historic Russ Building Expands Bridge Bank’s Offering SAN...
05/04/16
Ruvalcaba Receives 2016 Character Award San Jose, CA – May 4, 2016 – Bridge Bank...
04/28/16
San Jose, CA – April 28, 2016 - Bridge Bank and Trinity Capital Investment, a...
04/01/16
SOUTH SAN FRANCISCO, Calif., April 01, 2016 -- Sunesis Pharmaceuticals, Inc. (Nasdaq...

Twitter

Featured Insights

Featured Insight

Success in the world of biotechnology and life sciences requires a level of patience that is foreign to most types...

Featured Insight

Valuations in the venture capital (VC) market are either in decline or flattening out, primarily due to inflated...

Featured Insight

Financial institutions operate at the heart of our economic system and as such, are hyper-aware of market indicators...

Recent News

A new report released by KPMG International and CB Insights said...

Startup accelerator Y Combinator is known for its innovative model in providing...

Beginning June 24, 2016, the Small Business Administration will start accepting...

Twitter