{"id":7373,"date":"2008-10-31T17:00:00","date_gmt":"2008-10-31T17:00:00","guid":{"rendered":"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/e-commerce\/smbs_buy_better_communications_to_combat_slowdown.html"},"modified":"2008-10-31T17:00:00","modified_gmt":"2008-10-31T17:00:00","slug":"smbs-buy-better-communications-to-combat-slowdown","status":"publish","type":"post","link":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/e-commerce\/smbs-buy-better-communications-to-combat-slowdown.html","title":{"rendered":"SMBs Buy Better Communications To Combat Slowdown"},"content":{"rendered":"<p><meta http-equiv=\"Content-Type\" content=\"text\/html; charset=utf-8\"><meta name=\"ProgId\" content=\"Word.Document\"><meta name=\"Generator\" content=\"Microsoft Word 12\"><meta name=\"Originator\" content=\"Microsoft Word 12\"><link rel=\"File-List\" href=\"file:\/\/\/C:%5CUsers%5CRTEHRA%7E1.NTD%5CAppData%5CLocal%5CTemp%5Cmsohtmlclip1%5C01%5Cclip_filelist.xml\" \/><link rel=\"themeData\" href=\"file:\/\/\/C:%5CUsers%5CRTEHRA%7E1.NTD%5CAppData%5CLocal%5CTemp%5Cmsohtmlclip1%5C01%5Cclip_themedata.thmx\" \/><link rel=\"colorSchemeMapping\" href=\"file:\/\/\/C:%5CUsers%5CRTEHRA%7E1.NTD%5CAppData%5CLocal%5CTemp%5Cmsohtmlclip1%5C01%5Cclip_colorschememapping.xml\" \/><!--[if gte mso 9]><xml>\nNormal\n0false\nfalse\nfalse\nEN-US\nX-NONE\nX-NONE\nMicrosoftInternetExplorer4\n<\/xml><![endif]--><!--[if gte mso 9]><![endif]--><\/p>\n<style type=\"text\/css\">\n<!--\n\/* Font Definitions *\/\n@font-face\n{\"Cambria Math\";\npanose-1:2 4 5 3 5 4 6 3 2 4;}\n@font-face\n{\npanose-1:2 15 5 2 2 2 4 3 2 4;}\n\/* Style Definitions *\/\np.MsoNormal, li.MsoNormal, div.MsoNormal\n{\nmso-style-parent:\"\";\nmargin-top:0in;\nmargin-right:0in;\nmargin-bottom:10.0pt;\nmargin-left:0in;\nline-height:115%;\nfont-size:11.0pt;\"Calibri\",\"sans-serif\";\nmso-bidi-\"Times New Roman\";}\n.MsoChpDefault\n{\nfont-size:10.0pt;}\n@page Section1\n{size:8.5in 11.0in;\nmargin:1.0in 1.0in 1.0in 1.0in;}\ndiv.Section1\n{page:Section1;}\n-->\n<\/style>\n<p><!--[if gte mso 10]>\n\n\n<style>\n\/* Style Definitions *\/\ntable.MsoNormalTable\n{mso-style-name:\"Table Normal\";\nmso-style-parent:\"\";\nfont-size:10.0pt;\"Calibri\",\"sans-serif\";}\n<\/style>\n\n\n<![endif]-->  <\/p>\n<div><span class=\"mt-enclosure mt-enclosure-image\" style=\"display: inline;\"><img loading=\"lazy\" decoding=\"async\" height=\"185\" width=\"156\" alt=\"\" src=\"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/uploads\/RingCentral.jpg\" class=\"mt-image-left\" style=\"margin: 0pt 20px 20px 0pt; float: left;\" \/><\/span>&#160;In an economic slowdown, companies need to focus now, more than ever on their communications solutions. Today&#8217;s technologies can make your company more efficient, save you money directly on communications costs as well as travel and even real estate.<\/div>\n<p>Recently I had a chance to speak with Praful Shah, VP of Strategy from RingCentral, a company providing hosted communications services and he told me the last four weeks have seen business increase dramatically.<\/p>\n<p>In a reaction to this increase, RingCentral surveyed its customers and found some very interesting trends. The company framed the survey as how Main Street is reacting to Wall Street &#8211; with a specific focus on the SMB.<\/p>\n<div>Here are the results:<\/div>\n<ul>\n<li><span style=\"color: rgb(51, 51, 51);\">75% of small businesses have been negatively impacted by the economic downturn<\/span><\/li>\n<li><span style=\"color: rgb(51, 51, 51);\">72% of small businesses are reducing overhead costs due to the economic downturn<\/span><\/li>\n<li><span style=\"color: rgb(51, 51, 51);\">Nearly a quarter of small businesses are reducing overhead costs by eliminating cost of physical office space<\/span><\/li>\n<li><span style=\"color: rgb(51, 51, 51);\">Only 16% of small businesses have staff centralized in one physical office<\/span><\/li>\n<li><span style=\"color: rgb(51, 51, 51);\">72% work from a home office<\/span><\/li>\n<li><span style=\"color: rgb(51, 51, 51);\">29% have staff in multiple locations across the US<\/span><\/li>\n<li><span style=\"color: rgb(51, 51, 51);\">18% identify themselves as road warriors <\/span><\/li>\n<\/ul>\n<p style=\"margin-bottom: 0.0001pt; line-height: normal;\"><span style=\"color: rgb(51, 51, 51);\">What are the takeaways here? Small businesses are moving away from a centralized, physical office &#8211; working from home and on the road. They are also reacting rapidly to economic conditions as evidenced by the fact that almost three quarters are cutting overhead and a surprising 23% are cutting physical office space.<\/span><\/p>\n<p><span style=\"color: rgb(51, 51, 51);\">What is interesting is that in an environment where companies are looking to cut costs, they realize they can save money by being more productive and efficient. And the influx of new customers coming to RingCentral just show the world that today&#8217;s communications services allow unprecedented levels of productivity and efficiency and ultimately pay for themselves quite rapidly.<\/span><\/p>\n<p><\/meta><\/meta><\/meta><\/meta><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#160;In an economic slowdown, companies need to focus now, more than ever on their communications solutions. Today&#8217;s technologies can make your company more efficient, save you money directly on communications costs as well as travel and even real estate. Recently I had a chance to speak with Praful Shah, VP of Strategy from RingCentral, a<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[158,168,178,171,179,180,181,201,202,172,215,1,182,160,163,199,1677,188,1676,198,1673,189,211,118,191,175],"tags":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/7373"}],"collection":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/comments?post=7373"}],"version-history":[{"count":0,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/7373\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/media?parent=7373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/categories?post=7373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/tags?post=7373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}