Most small businesses strive to keep their operating costs low in order to increase their profit margins. This means as a small business owner, you may be tempted to use the cheapest possible Internet service provider, often sacrificing speed for savings. But are the reduced costs worth the potential increased productivity and other benefits you’d gain by using high speed Internet?
Investing in faster broadband Internet service is nearly always the right choice for businesses of any size — whether you have one employee or ten thousand. Here’s a look at the top eight benefits of using high speed Internet services for your small business.
1. Faster Internet Means Better Productivity
How much time do you lose with slower Internet speeds? Some studies indicate that up to one full week of working time may be lost every year — per computer, per user — from slow computer times.
Slow Internet loading times can be costly from a productivity standpoint, but they can also cost you money if your business relies on a website to connect with and sell to customers. According to Kissmetrics, 79% of online customers say they’re not likely to return to a website with slow load times — and this time is measured in seconds. Nearly 20% of users said they wouldn’t wait longer than 5 seconds for a page to load, and 30% more wouldn’t wait more than 10 seconds.
2. Faster Internet Means Lower Stress Levels
You know how stressful and frustrating it can be to wait on a computer that’s performing poorly due to slow Internet issues — so why would you want to inflict that stress on yourself, or your employees? The World Health Organization (WHO) estimates that stress-related problems in the workplace cost U.S. companies $300 billion annually. You’ll not only save money, you’ll also enjoy a more relaxed work environment with Internet that works properly.
3. Faster Internet Allows More Users
Even if your small business has just a few employees, a slow Internet connection that has to be shared between multiple computers can quickly become plagued with problems, or even completely unusable. High speed broadband Internet gives you more bandwidth to spread around and ensures that any wireless devices you’re using continue to access the Internet smoothly.
4. Faster Internet Makes Certain Tasks Easier
Does your small business involve any video conferencing? How about online streaming, cloud storage, or cloud-based software applications? Many of the latest business tools available for small businesses require a faster than standard Internet connection in order to work seamlessly. If you rely on technology for any part of your business, high speed Internet may be a necessity for you.
5. Faster Internet Means Smoother Uploading and Downloading
Many business-related online activities require uploading and downloading files. And there’s nothing worse than being right in the middle of uploading or downloading a large file, only to have your Internet connection time out due to slow speeds, which requires you to start the process all over again.
Poor upload and download speeds can be problematic even for smaller files. If you’re regularly uploading or downloading files — for instance, to an online shared storage space, a blog or website, or as email attachments — the time you’ll save with a faster Internet connection can add up quickly.
6. Faster Internet Means Lower Costs
Of course, you’ll save money with the increased productivity provided by high speed Internet. But there are other ways that a good broadband connection can deliver cost savings to your small business. One example is a Voice over Internet Protocol (VoIP) phone system — available only with a broadband connection — which typically offers the features and services used by big business at a fraction of the costs of traditional phone service.
7. Faster Internet Enables Improved Collaboration
Many small businesses are willing and able to work with suppliers, partners, and other business associates long-distance due to the ease of Internet access. With a high speed connection, you’ll be able to improve collaborations through easier file sharing, faster information transfers, and better access to shared platforms such as Google Docs and Dropbox.
8. Faster Internet May Be Required
Finally, if your small business is in the technology space — such as IT, website development, computer repair, tech consultant, and more — high speed Internet is a necessity. Not only will your customers expect fast service, but your business will rely on increased processing speeds.
Regardless of the type of small business you own, investing in a quality high speed Internet service will save you time, hassle, and headaches while ensuring that your business runs as smoothly as possible.