Wiki for Small Business:
Stay Ahead with the Tech

In today's digital age, technology plays a crucial role in the success of any business. As a small business owner, it is important to stay updated with the latest technological advancements in order to remain competitive and efficient. learning technology is essential for small business owners to stay relevant and thrive in today's fast-paced business landscape.

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🔗SBA Learning

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• ✅   "There are 33.2 million small businesses in America, which account for 99.9% of all U.S. firms."
  Source: "U.S. Chamber of Commerce"
  
  
  
• ✅   "Almost all (97%) business owners believe ChatGPT will help their business."
  Source: "Forbes Advisor"
  
  
  
• ✅   "The average cost of developing an app ranges from US $80,000 to $250,000."
  Source: "Topflight"
  
  
  
• ✅   "The mobile application development cost will be significantly higher when adding AI/ML, GPS, and IoT."
  Source: "Topflight"
  
  
  
• ✅   "Technology has transformed the way businesses operate in several ways. The most significant impact of technology has been on communication."
  Source: "CJPI Insights"
  
  
  
• ✅   "Technology has revolutionized the way businesses operate in the modern world. From communication to marketing, technology has impacted every aspect of business."
  Source: "Utech"
  
  
  
• ✅   "Nearly two-thirds (64%) of business owners believe AI will improve customer relationships."
  Source: "Forbes Advisor"
  
  
  
• ✅   "As of December 2022, there were 1.22 million employer businesses in Canada. Of these,1.19 million (97.8%) were small businesses , 23,395 (1.9%) were medium-sized businesses, and 3,128 (0.3%) were large businesses."
  Source: "Key Small Business Statistics 2023 - ised-isde.canada.ca"
  
  
  
• ✅   "The impact of artificial intelligence on business is profound, as it is transforming the way companies operate and creating new opportunities for growth."
  Source: "MicroSourcing"
  
  
  
• ✅   "At least 70% of small-mid-sized businesses are investing more in their digital presence. "
  Source: "20 Incredible Online Business Statistics [2023] - Zippia"
  
  
  
• ✅   "In 2023, there were approximately 6.92 billion smartphone users worldwide, accounting for 86% of the global population."
  Source: "Learn Hub"
  
  
  
• ✅   "People spent 90% of their mobile time on apps in 2021."
  Source: "Learn Hub"
  
  
  
• ✅   "70 percent of companies will employ hybrid or multicloud management technologies, tools, and processes."
  Source: "McKinsey"
  
  
  
• ✅   "Global data creation is projected to grow to more than 180 zettabytes by 2025, up from 64.2 zettabytes in 2020."
  Source: "McKinsey"
  
  
  

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• 🌐 Topflight - App Development Costs 2024: The Complete Breakdown:
  This article provides a comprehensive breakdown of app development costs in 2024. It discusses the factors that influence the cost, such as the number and complexity of screens, platform choice, ongoing maintenance, and QA needs.
  ▹ The average cost of developing an app ranges from US $80,000 to $250,000.
  ▹ The final price tag will come down to things like the number and complexity of screens, platform choice (multiplatform = more effort), ongoing maintenance, and QA needs.
  ▹ At Topflight, they break down the cost to build an app by providing an estimate in 3 core areas: Design Features, Technical Features, and Maintenance.
  


• 🌐 IBM - What is Artificial Intelligence (AI) in Business?
  IBM's article provides an overview of how AI tools such as machine learning, natural language processing, and computer vision are used to optimize business functions, boost employee productivity, and drive business value.
  ▹ AI is used as a tool to support a human workforce in optimizing workflows and making business operations more efficient.
  ▹ AI systems power several types of business automation, including enterprise automation and process automation.
  ▹ Businesses are also moving beyond these use cases and using AI to assist in higher-level, strategic initiatives that help drive broader business value.
  


• 🌐 Small Business BC - Resources & Advice for Businesses
  Small Business BC is an independent non-profit organization that exists to elevate every BC business. It offers services in partnership with Pacific Economic Development Canada (PacifiCan) and the Ministry of Jobs, Economic Development and Innovation.
  ▹ Small Business BC helps BC entrepreneurs grow through expert business advisors, educational services, easy-to-use free resources.
  
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  🌐 MultiLingual Business - Small business planning and strategy for the translation industry:
  This article discusses the importance of strategic management for small businesses in the translation industry. It provides insights into creating effective business plans and strategies for language service providers (LSPs).
  ▹ The article emphasizes the importance of having a clear business plan, even for self-financing businesses.
  ▹ It suggests that business plans should be constantly updated to reflect changes and developments.
  
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  🌐 Forbes - Small-Business Cybersecurity: 20 Effective Tips From Tech Experts
  This article from Forbes provides 20 effective tips for small-business owners to enhance their cybersecurity posture. It emphasizes the importance of cybersecurity for small businesses and offers advice from industry leaders.
  ▹ Prohibit access to personal apps and non-business sites.
  ▹ Outsource key IT systems to more established platforms.
  ▹ Utilize a password manager with multifactor authentication.
  ▹ Embrace cloud services for built-in security.
  ▹ Educate your team on phishing.
  ▹ Regularly audit and remove unused accounts and services.
  


• 🌐 Forbes Advisor - How Businesses Are Using Artificial Intelligence In 2024:
  This article discusses how businesses are employing artificial intelligence (AI) in a variety of ways to improve efficiencies, save time and decrease costs. It also reveals AI’s impact on areas such as cybersecurity, fraud management, content production and customer support.
  ▹ Over half of business owners use artificial intelligence for cybersecurity and fraud management.
  ▹ Almost all (97%) business owners believe ChatGPT will help their business.
  ▹ Nearly two-thirds (64%) of business owners believe AI will improve customer relationships.
  


• 🌐 The SMB Hub - The Role of AI in Small Business: Opportunities & Challenges:
  The article discusses the use of advanced algorithms and machine learning in small businesses to automate tasks, analyze data, and make intelligent decisions. The primary goal of AI in small businesses is to enhance efficiency, reduce costs, and drive growth.
  ▹ AI refers to the use of advanced algorithms and machine learning to automate tasks, analyze data, and make intelligent decisions in small businesses.
  


• 🌐 Harvard Business Review - 3 Ways Small Businesses Can Use AI to Drive Growth:
  This article highlights how AI, including platforms such as ChatGPT, has become an invaluable asset for businesses of all sizes. For small businesses, AI offers strategic advantages to enhance customer service, strengthen marketing and sales, and drive growth.
  ▹ AI has the capability to automate processes and personalize experiences.
  ▹ AI offers three strategic advantages to small businesses: enhancing customer service, strengthening marketing and sales, and driving growth.
  


• 🌐 Gartner - Business and Technology: How to Optimize the Relationship :
  Gartner - The article discusses the relationship between business and technology, and how businesses can optimize this relationship for growth and customer experience.
  ▹ Businesses that lead with technology employ it in support of revenue growth and customer experience.
  ▹ These businesses have a clear understanding of priorities, goals, and strategies.
  ▹ They use technology to create and expand strategic options.
  


• 🌐 ZenBusiness Inc. - 10 Must-Have Technologies for Small Businesses
  ZenBusiness Inc. presents an essential guide to the 10 must-have technologies for small businesses. These technologies are carefully selected to streamline operations, drive growth, and keep businesses ahead in the fast-paced digital era.
  ▹ Customer Relationship Management (CRM) tools for managing relationships with leads and customers.
  ▹ Payment Processing System to accept diverse payment options.
  ▹ Cybersecurity Solution to protect against digital threats.
  


• 🌐 Harvard Business Review - 6 Ways AI Could Disrupt Your Business:
  This article suggests six scenarios that all boards must consider — and then act upon — ranging from predicting extreme operational changes, to anticipating new strategic ways to compete, to foreseeing existential threats that could obviate one’s business.
  ▹ AI is a disruptive force with the potential to upend many established aspects of our economy.
  ▹ AI is moving too quickly to take the conventional approach of commissioning a strategy team or a consultancy to bring solid data on trends to use for discussion.
  ▹ By driving a structured discussion that uses a range of scenarios for how AI can affect company culture and reshape your business, you can see future possibilities more clearly and develop appropriate plans to anticipate, and better yet, shape the direction ahead.
  


• 🌐 HubSpot Blog - 23 Pro Tips for Running a Successful Business:
  This article shares the latest data that you need to know before opening a small business. It talks about the factors that impact business success, and a few pro tips on how to run and maintain a thriving business.
  ▹ Focus on the customer experience.
  ▹ Offering value to your target audience.
  ▹ Being flexible and quick to adapt.
  


• 🌐 QuickBooks - How to run a business: 16 solopreneur tips for 2024:
  This article provides 16 tips for running a small business, enriched with insights from solopreneurs who have built their businesses from the ground up.
  ▹ Craft a business plan.
  ▹ Understand your market.
  ▹ Build a strong brand.
  


• 🌐 EDUCBA - How to Manage a Business Effectively (7 Key Elements):
  This article discusses the key elements of managing a business effectively, including proper planning and strategy, maintaining healthy relationships with resources, and setting pre-defined short and long-term objectives.
  ▹ Proper planning and strategy.
  ▹ Maintaining healthy relationships with resources.
  ▹ Setting pre-defined short and long-term objectives.
  


• 🌐 FortuneBuilders - Managing A Company: The 8 Keys To Business Management:
  This article provides 8 keys to managing a business, including going back to basics, building your infrastructure, setting yourself up for success, tweaking and improving, managing, not micromanaging, effective communication, and opportune brainstorming.
  ▹ Going back to basics.
  ▹ Building your infrastructure.
  ▹ Setting yourself up for success.
  


• 🌐 McKinsey - Tech trends reshaping the future of IT and business :
  This McKinsey article explores the tech trends that are reshaping the future of IT and business. It discusses how the increasing power of technology is opening the door to new innovations, businesses, and business models.
  ▹ The article discusses how technology's radically increasing power is pushing innovation to expert networks at the edges of the company.
  ▹ It highlights how the pace and proliferation of these innovations call for new approaches to continuous learning.
  ▹ The article also discusses how new technologies are creating more data about, and touchpoints with, customers, reshaping the boundaries of trust.

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  YouTube for Business! How to GROW Your Business with YouTube
  The video provides strategies on how to grow your business with YouTube by creating content that your audience wants and needs. (Channel : "Primal Video" )
  ▹ The video emphasizes on researching keywords to optimize your videos and offering free resources to build an email list of your most invested followers.
  
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  How AI Could Empower Any Business | Andrew Ng | TED
  This video is a TED talk by Andrew Ng, a leading AI expert, who shares his vision of democratizing access to AI for small businesses and individuals. (Channel : "TED" )
  ▹ The video highlights the importance of providing data rather than writing code for building AI systems.
  
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  The Impact of AI on Small Businesses and Customer Support
  The video discusses the impact of AI on various industries and the role of AI in customer support. (Channel : "Josh Schachnow" )
  ▹ The video highlights the future of small companies and AI.
  
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  Mastering YouTube for Business Growth: Insights from Sean Cannell
  In this episode, Eric Worre interviews Sean Cannell, the author of YouTube Secrets, who shares valuable insights on utilizing YouTube to expand a business. (Channel : "Eric Worre - Network Marketing Pro" )
  ▹ The video provides guidance on getting started and creating successful content on YouTube.
  
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  The impact of technology on small businesses
  This video discusses a report that finds 93% of small businesses that use technology say it helps their business operate more efficiently. (Channel : "KPRC 2 Click2Houston" )
  ▹ The video emphasizes on the efficiency brought about by the use of technology in small businesses.
  
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  How Technology Plays a Role in Small Business Success
  Jordan Crenshaw, the VP of the US Chamber of Commerce's Technology Engagement Center shares his insight on a new report on small business success. (Channel : "Unknown" )
  ▹ The video highlights the role of technology in the success of small businesses.
  
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  How would AI impact the future of business analysts
  In this video, we explore how artificial intelligence is changing the landscape for DevOps transforming the way we build, deploy, and manage data analytics applications. (Channel : "Google Cloud Tech" )
  ▹ The video provides insights into the transformative impact of AI on business analytics.
  
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  The Impact of AI on Small Businesses and Customer Support
  This video discusses the impact of AI on small businesses and customer support. (Channel : "Josh Schachnow" )
  ▹ The video highlights the role of AI in enhancing customer support in small businesses.
  
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  Pros and cons of three multilingual YouTube channel models | Need-to-know
  This video compares three multilingual YouTube channel models: one channel for all languages, one channel per language, and one global channel with local channels. It explains the pros and cons of each model in terms of search terms, branding, viewership, engagement, and resources. (Channel : "Webcertain TV" )
  ▹ The video highlights the importance of choosing the right model for a multilingual YouTube channel.
  
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  EXPAND your Business to YouTube
  This video discusses how easy it is to expand your business to YouTube. It emphasizes that you don't need a current presence, a kick-ass setup, or 10,000 subscribers to start capturing content and reaching more business in 2024. (Channel : "Connor Clayton" )
  ▹ The video highlights the ease of expanding a business to YouTube.
  
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  How to Use YouTube for Business
  This video is a tutorial on how to use YouTube for business. It covers steps like defining your target audience and niche for your YouTube channel, creating educational content, and interacting with your audience. (Channel : "Howfinity" )
  ▹ Define your target audience and niche.
  ▹ Create educational content.
  ▹ Interact with your audience.
  
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  How To Run Your Small Business Like A CEO
  The video explains the difference between a hobbyist, a freelancer, an entrepreneur, a small business owner and a CEO, and why it is important to run a small business like a CEO. (Channel : "CEO Entrepreneur" )
  ▹ Understand the difference between a hobbyist, a freelancer, an entrepreneur, a small business owner and a CEO.
  ▹ Learn why it is important to run a small business like a CEO.
  ▹ Discover the main roles of a CEO.
  

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• 👉   "In a globalized world, businesses that embrace multilingualism will have a competitive advantage."
  Warren Buffett, CEO of Berkshire Hathaway
  
  
  
• 👉   "Investing in tomorrow’s technology today is more critical than ever…"
  Bill Gates
  
  
  
• 👉   "Any sufficiently advanced technology is indistinguishable from magic."
  Arthur C. Clarke
  
  
  
• 👉   "Don't be afraid to give up the good to go for the great."
  John D. Rockefeller
  
  
  
• 👉   "Leadership is the capacity to translate vision into reality."
  Warren Bennis
  
  
  
• 👉   "Life doesn’t always present you with the perfect opportunity at the perfect time. Opportunities come when you least expect them, or when you’re not ready for them. Rarely are opportunities presented to you in the perfect way, in a nice little box with a yellow bow on top. … Opportunities, the good ones, they’re messy and confusing and hard to recognize. They’re risky. They challenge you."
  Susan Wojcicki, CEO of YouTube
  
  
  
• 👉   "If you want to succeed you should strike out on new paths, rather than travel the worn paths of accepted success."
  John D. Rockefeller
  
  
  
• 👉   "To be successful, you have to have your heart in your business, and your business in your heart."
  Thomas Watson, Sr., former chairman and CEO, IBM
  
  
  
• 👉   "Without continual growth and progress, such words as improvement, achievement, and success have no meaning."
  Benjamin Franklin
  
  
  
• 👉   "Engineering is the closest thing to magic that exists in the world."
  Elon Musk, businessman and investor
  
  
  
• 👉   "Our industry does not respect tradition – it only respects innovation."
  Satya Nadella, CEO of Microsoft
  
  
  
• 👉   "Stone Age. Bronze Age. Iron Age. We define entire epics of humanity by the technology they use."
  Reed Hastings, co-founder and executive chairman of Netflix
  
  
  
• 👉   "We live in a society exquisitely dependent on science and technology, in which hardly anyone knows anything about science and technology."
  Carl Sagan, planetary scientist and science communicator
  
  
  
• 👉   "The advance of technology is based on making it fit in so that you don't really even notice it, so it's part of everyday life."
  Bill Gates
  
  
  
• 👉   "The biggest risk is not taking any risk. In a world that is changing quickly, the only strategy that is guaranteed to fail is not taking risks."
  Mark Zuckerberg, CEO of Facebook
  
  
  
• 👉   "Your business, and your brand, must first let people know what you care about, and that you care about them."
  Donald John Trump, Businessman, 45th and 47th president of the United States
  
  
  
• 👉   "In business, what's dangerous is not to evolve."
  Jeff Bezos, CEO of Amazon
  
  
  
• 👉   "Even a correct decision is wrong when it was taken too late."
  Lee Iacocca, Former President and CEO of Chrysler Corporation
  
  
  
• 👉   "Working hard for something we don't care about is called stress. Working hard for something we love is called passion."
  Simon Sinek, Author and Speaker
  
  
• 👉   "Commit yourself to lifelong learning. The most valuable asset you'll ever have is your mind and what you put into it."
  Brian Tracy, Auther and Speaker
  
  
• 👉   "The great growling engine of change - technology."
  Alvin Toffler, Author and Futurist
  
  
  
• 👉   "Language is the key to understanding and connecting with customers in different markets."
  Jeff Bezos, CEO of Amazon
  
  
  
• 👉   "If you talk to a man in a language he understands, that goes to his head. If you talk to him in his language, that goes to his heart."
  Nelson Mandela, former President of South Africa
  
  
  
• 👉   "The limits of your language are the limits of your world."
  Richard von Weizsäcker, former President of Germany
  
  
  
• 👉   "In today's globalized world, being multilingual is a key asset for businesses to succeed in international markets."
  Christine Lagarde, Managing Director of the International Monetary Fund