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Owning and managing a business is not a cakewalk for most people, especially when you start taking into considerations all the challenges that you might have to face along the way. Having the idea is often the easy bit. Starting and managing it successfully along the way is the hardest and scariest part! Today we’ll be discussing a few challenges that any hyperlocal business owner will face while operating.
1. Maintaining Hisab Kitab
We all know that people usually purchase milk, groceries and other daily needed stuff from their local Kirana wala on credit on day to day basis and make payment once a week or a month and this is where the problems occur. In the majority of the local shops a.k.a Kirana stores, they maintain their ledger or khata manually. Not only it is error-prone but also there is a huge probability of damage of losing it due to any mishap. Apart from this, due to multiple transactions, there is a huge chance that you might forget one or two transactions which will be impacting your businesses’ profitability.
To make bookkeeping easy and error-free, technology has stepped in. Now you can maintain your khata digitally via your smartphone. These apps not only make it easy for you to reconcile your total transactions but also you can share these with your customers so that they can cross-check them and make payments online. With these digital khata apps, credit and debit transactions have become more transparent than ever.
2. Payment Collection
After bahikhata maintenance, the second most challenging task is to collect the dues from customers. In order to collect those payments, the business owner has to poke the consumers many times. Sometimes, they have to visit their consumer’s house in order to collect the dues. But with technological advancement, now the business owners don’t have to knock on their customer’s doors to get their dues. They can send payment reminders along with detailed bills so that the consumer can make payment by tapping on the payment link received.
3. Subscription Management
There are some businesses where the service is subscription-based, like the daily newspaper, milk, car wash, and other goods/services are delivered at a pre-defined frequency which is once in 3 days or once a week. It’s a perfect example of recurring business as it creates a long time stickiness with the customer. But in these types of businesses, maintaining the transaction record is the hardest, as one wrong transaction record can permanently damage the relationship. But with technology, you can skip the risk. These Hyperlocal Commerce apps are designed in such a way that they can manage these transactions with ease and also make changes to the subscription with ease. Nearly 50% of the services in the neighbourhood are subscription-based.
So, to make your business operations smooth and more transparent, there are many hyperlocal commerce apps are available in the market. All of them are made with the intention to make the business owner’s life easy. They all have different characteristics like with some you only can maintain online khata, with another you can maintain a subscription business. But today we’ll be introducing you about Zopnote – Billing, Collection & Digital Khata App for Your Offline Business. With Zopnote, not only you will be able to maintain hisabkitab digitally, but also you can send payment reminders along with payment links with their preferred payment options to your customers. Along with that we have curated it in such a way where you can manage the subscriptions with ease without any error. With these added transparencies, your relationship with the consumer will get strengthen day by day. To know more about Zopnote, you can visit Zopnote.com and to download the app from the Google Play Store, you can click here. Do you think we have missed any hurdle that you face and which should be mentioned here, please do comment and let us know your thoughts.