{"id":200715,"date":"2024-12-03T15:26:53","date_gmt":"2024-12-03T21:26:53","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2024\/12\/how-small-businesses-can-leverage-ai-to-optimize-and-scale"},"modified":"2024-12-03T15:26:53","modified_gmt":"2024-12-03T21:26:53","slug":"how-small-businesses-can-leverage-ai-to-optimize-and-scale","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2024\/12\/how-small-businesses-can-leverage-ai-to-optimize-and-scale","title":{"rendered":"How Small Businesses Can Leverage AI To Optimize And Scale"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/how-small-businesses-can-leverage-ai-to-optimize-and-scale2.jpg\"><\/a><\/p>\n<p><em>Froilan Mendoza is Founder &amp; Chief Technology Officer of <\/em><a href=\"https:\/\/www.nyfulcrum.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" class=\"\" title=\"https:\/\/www.nyfulcrum.com\/\" aria-label=\"Fulcrum Solutions\"><em>Fulcrum Solutions<\/em><\/a><em>.<\/em><\/p>\n<p>Small businesses are the backbone of the U.S. economy. They represent <a href=\"https:\/\/www.uschamber.com\/small-business\/small-business-data-center\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" class=\"\" title=\"https:\/\/www.uschamber.com\/small-business\/small-business-data-center\" aria-label=\"99.9% of all businesses\">99.9% of all businesses<\/a> in the country, account for 43.5% of GDP and employ almost half of the U.S. workforce. Yet small business owners have always had to overcome obstacles to survive and succeed. Lack of capital is responsible for 38% of small business failures. Labor costs make up 70% of their expenses, and a national labor shortage of 2 million workers is exacerbating the difficulty of hiring and keeping talent.<\/p>\n<p>The good news is that AI is leveling the playing field for small businesses, giving them easy-to-use tools to optimize their processes and scale their organizations without huge teams or budgets. <a href=\"https:\/\/www.uschamber.com\/technology\/artificial-intelligence\/new-study-reveals-nearly-all-u-s-small-businesses-leverage-ai-enabled-tools-warns-proposed-regulations-could-hinder-growth\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" class=\"\" title=\"https:\/\/www.uschamber.com\/technology\/artificial-intelligence\/new-study-reveals-nearly-all-u-s-small-businesses-leverage-ai-enabled-tools-warns-proposed-regulations-could-hinder-growth\" aria-label=\"A 2024 study\">A 2024 study<\/a> from the U.S. Chamber of Commerce found that 98% of small businesses are already using an AI-enabled tool, and 91% of owners say that AI will fuel future business growth. The use of generative AI tools, such as chatbots and image creators, grew by 40% in the last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Froilan Mendoza is Founder &amp; Chief Technology Officer of Fulcrum Solutions. Small businesses are the backbone of the U.S. economy. They represent 99.9% of all businesses in the country, account for 43.5% of GDP and employ almost half of the U.S. workforce. Yet small business owners have always had to overcome obstacles to survive and [\u2026]<\/p>\n","protected":false},"author":662,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,39,6],"tags":[],"class_list":["post-200715","post","type-post","status-publish","format-standard","hentry","category-business","category-economics","category-robotics-ai"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/200715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/662"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=200715"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/200715\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=200715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=200715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=200715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}