Small Business
5 different functionalities of virtual phone systems that are valuable for businesses

A virtual phone system comes in the form of a singular platform which combines the functionalities of traditional phone systems into one, allowing users to have access to them whilst also being able to use additional features. Virtual phone systems make it easy for a business and its employees to be able to communicate with each other in an efficient way, while also being able to communicate with clients and customers at the same time. They are also able to access helpful features such as transferring calls, holding calls with music, having automated messages set up and having an instant chat feature. All of these features are beneficial to any business which is customer facing, and any business in general. This is because it is essential for any employees to be able to communicate with each other and across departments, in order to share real time data and information. A virtual phone system makes this possible, and as such they should be treated as an essential asset for any business.
If you are a business and still using traditional phone systems, then you are definitely behind on the times. You should be considering moving to a virtual phone system if you are reading this article.
Here are some of the different functionalities that virtual phone systems can bring to businesses which make them valuable.
Daytime and after hours greetings and automated messages
Daytime and after hours greetings and automated messages are a great feature of virtual phone systems. This can be argued to be one of the most important aspects of the virtual phone system. Day and night greetings ensure that your business will never miss out on any calls and ensures customers will get the service that they want. If a customer calls after business hours, then it looks much more professional for an automated message to let them know or refer them to a bot which will help with their enquiries. This is such a simple functionality, but it is so effective in its purpose. It makes such a big difference to have an automated message, regardless of whether the business is within or out of hours. Some of these virtual phone systems can even handle multiple callers at once, which makes staffing easier as you do not need to hire as many staff to handle the same amount of work. Regardless of the situation, you will never miss an opportunity when it comes to answering customer calls.
Call redirection
Call redirection is important for any business, especially one that will need to be able to face customers and clients. Customers will often call to enquire about topics that may concern other departments, and as such, they will need to be transferred. Being transferred using traditional phone systems means you will need to remember individual extension numbers, and because of this it can be difficult to do within a large corporation. As such, a virtual phone system can be used to differentiate users and contact them, while being able to transfer calls and add people to calls. This also makes its easy to have meetings with clients where multiple callers are on one line, rather than using multiple different platforms.
Call recording
Analytics and reporting is one of the most important things to do in any business in the modern age. Big data reigns supreme over the business world, and as such, it is important for any business to be recording, analyzing and reporting on any and all data. For that reason, you should be recording your calls and the data associated with it, such as how many calls you do, how many your receive, how many people call back as a conversion and so on. This data can then be analyzed and reported on in order for the marketing team to be able to make strategic decisions based on this data that will then bring in more clients or customers.
Increased communication
Increased communication is a key benefit of having virtual phone systems within your business operation. Increased communication is the crucial aspect for any customer facing business and having virtual phone systems is the way to go when it comes to increasing communication. Being able to make outgoing calls is important and being able to receive them whilst also adding people and transferring calls is also equally important. A customer facing business will do a lot of this, and as such, a virtual phone system can help. They can add features which can help users to be able to call and message between departments, as well as share data that is needed for decision making. Many businesses have the issue of ‘data silos’, where departments do not communicate with each other enough, resulting in silos where data is not transmitted enough, and poor decisions are being made. This is because there is no real time communication between departments, and they do not know what is going on with each other.
Decreased costs
Decreased costs are a big part of why people use virtual phone systems. Traditional phone systems involve using new hardware and installing it into a building for users to access. This means you have to buy new hardware and pay someone to install it into a building with wiring and such. As the business grows, so does the need to do this over and over. With virtual phone systems, you cans imply just buy the software, then install it onto existing hardware devices. It is usable on a variety of different types of devices, and any user who wants to access it can do so by accessing the software. Accounts just need to be bought by the business, which is usually priced into tiers. Tiers determine how many users can access the software and what functionality may be required. As a result, smaller businesses can opt for lower tiers and only pay for what they actually need, whereas bigger corporations can opt for the higher tiers to access more user space and increased functionality. Decreased costs is something that every business is trying to achieve, as it means that they can use their income for a variety of other reasons, including an increased profit. With virtual phone systems, they are cutting out the costs of buying hardware and installing it into a system and are there decreasing costs significantly in the long run.
Scalable for business
A business must be scalable, especially in the beginning stages. In the early stages of development, a business will experience a large movement of growth if it is successful. As such, a business must be scalable according to the growth. With traditional phone systems, scalability is hard to do and expensive as it means you need to buy new phones and pays someone to wire them in and install them. With virtual phone systems, you are able to just add more users, and they can then access the software.
In summary, virtual phone systems are perfect for any business, but especially those which are customer facing. They have many benefits and functionalities that come with them that make them ideal for these situations, and should be heavily considered.
Small Business
How Michael Dell built a startup into a technological empire

Michael Dell is the CEO of the company of the same name, Dell Technologies. His story of building a startup into a technological empire is a common one among tech moguls, and through business ideas, focus and a vision, he built one of the biggest tech companies to grace the planet.
Dell started his business out of his dorm room whilst attending the University of Texas in Austin. With a $1000 investment from his parents, Dell had sold computers for a combined value of $80,000. By age 19, he left college in order to pursue his computer business, which ended up going public by 1988.
His business philosophy in this time was to gain market share by reducing delivery times, cutting down on costs and providing the customer with a high level of customer service. Hiring experienced executives to act as personal mentors as well as to fill in job roles within the company, he aimed to emphasize sales outside of retail outlets.
By 1992, Dell entered the Fortune 500 list, with Dell being the youngest CEO of a firm to achieve this.
In 2016, Dell oversaw what is considered the largest tech acquisition deal at the time, in which Dell acquired EMC, a computer-storage corporation, for around $67 billion. As a result, the public parent company Dell Technologies was formed, with Dell heading the company as CEO.
Michael Dell was able to build a technological empire by running his business initially out of his dorm room. Through business strategies and a philosophy focusing on the reduction of costs, high level of customer service and reduced delivery time, he was able to increase the company’s market share, to the point where the company grew in size and success.
Dell’s success continues to this day, and is a current billionaire.
Small Business
Billionaires who got rich from startups

It’s a well-known story that we hear commonly. A smart student or young entrepreneur has a brilliant idea, and decides to pursue it out of a garage or small office. Through the years, their startups success grows rapidly, and the brand becomes recognised globally. The owners become exceedingly wealthy.
With the likes of Jeff Bezos, Mark Zuckerberg, Bill Gates and other internationally recognised names all coming from the same humble beginnings, it’s no wonder that so many people are rushing to start their own startups in the hopes of being next in line.
These are some billionaires who got rich from startups.
Bill Gates
Bill Gates and his business partner Paul Allen started Microsoft out of a garage in 1970. Quickly taking a hold of computer industry by supplying software to IBM, Microsoft dominated the market. Following this, Microsoft’s success continued to grow, resulting in it having a hand in almost every electronic transaction worldwide.
Jeff Bezos
Jeff Bezos, the richest man in the world, started business giant Amazon in a garage. Originally, Amazon was formed to sell books through an online platform. Popularity of the service skyrocketed, with sales up to $20,000 per week within 2 months. Amazon ended up becoming an ‘everything store’, which is now a business giant.
Mark Zuckerberg
Originally starting Facebook as Facemash in his Harvard dorm room, Zuckerberg was heavily criticised for his creation in which you compared photos of students and voted on who was more attractive. Following this, Facebook was born as a social media networking site for Harvard students.
It later expanded to further universities and colleges, then high school students and then anyone could join as long as they were 13 years old or above.
Facebook became one of the most popular social media platforms in the world.
These are some billionaires who made their success through startups with humble beginnings.
Small Business
The tips for a successful startup from Bill Gates

Running and developing a startup can be hard work, and no one knows this more than Bill Gates. Originally starting Microsoft with partner Paul Allen out of a garage, he is the shining example of where you can get with determination, focus and skills in a booming market. For the entirety of the development of Microsoft, Gates stayed in the leadership role.
Here are some tips for a successful startup from Bill Gates.
Master your skill
With Bill Gates, his startup was to do with programming. So to develop his skills, he programmed. To become an effective startup leader with Microsoft, he had to understand he software development process. Just like with any startup, you must hone your skill which your startup revolves around, and ensure you understand what you are doing in order to be an effective startup leader.
Good startup ideas can come from anywhere
A good startup will be able to have good ideas coming from all sources. There is a common misconception that all good ideas come from the top of the company, when really good startup ideas can come from anywhere, be that the employees or the leader.
Stay frugal
Too many times do startups that enjoy success start to spend big on things that are not necessary to the business. With Microsoft, Gates and other employees flew coach well into the late 1990s. Only when security started to become a concern did he stop. It is important for startups that start to enjoy success to not fall into the trap of big unnecessary spending.
In summary, Bill Gates is one of the best examples of startup success, and as a result has good tips for those starting their own companies. Following these tips will ensure that the startups stay on the right path.
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