This article is published by AllBusiness.com, a partner of TIME.
By Levi King
As someone who’s spent the better part of two decades building, scaling, and sometimes struggling with small businesses, I know firsthand how overwhelming the daily grind can be. From my early days fixing electric signs to launching fintech platforms, I’ve seen technology transform the entrepreneurial landscape in ways I never could have imagined when I started out.
Today, artificial intelligence is the latest game changer, and I believe it’s poised to make life easier for small business owners in seven powerful ways.
How AI Can Help Your Small Business
1. Automating the Mundane
Let’s be honest: running a small business means wearing a dozen hats, and a lot of those hats involve repetitive, time-consuming tasks. AI-powered automation can take over everything from scheduling appointments to managing inventory and even handling basic bookkeeping.
For example, AI tools can automatically track receipts, organize expenses, and generate financial summaries, freeing up hours each week that you can reinvest in growing your business or simply catching your breath.
2. Smarter, Data-Driven Decisions
When I started my first business, decisions were often made on gut instinct and prayer. Today, AI can analyze mountains of data—sales trends, customer behavior, market shifts—and turn information into actionable insights.
AI decision-support systems can help you optimize pricing, forecast demand, and even predict cash flow issues before they become crises. This kind of clarity used to be reserved for big corporations with deep pockets, but now it’s accessible to all of us.
3. Personalized Customer Experiences
Today’s customers expect a lot from you, and AI can help you deliver. Whether it’s chatbots providing 24/7 support, recommendation engines suggesting the perfect product, or sentiment analysis tools gauging customer satisfaction, AI enables small businesses to offer a level of personalization that rivals the big players.
In my own ventures, I’ve seen how AI-driven customer service not only boosts satisfaction but also builds loyalty and drives repeat business.
4. Supercharging Marketing Efforts
Marketing used to be a shot in the dark for most small businesses. Now, AI can help you target the right audience with the right message at the right time. From crafting compelling email campaigns to optimizing social media ads, AI tools can analyze what’s working and what’s not, allowing you to maximize your return on investment.
I’ve watched small businesses grow their customer base and revenue by leveraging AI-powered marketing platforms that were once out of reach for anyone without a massive budget.
5. Streamlining Operations and Reducing Costs
Operational efficiency is the difference between thriving and barely surviving. AI can optimize everything from supply chain logistics to staff scheduling, reducing waste and cutting costs.
For example, AI can predict when you’ll need to reorder inventory, suggest the most efficient delivery routes, or even flag potential equipment failures before they happen. These efficiencies add up, giving you more resources to invest back into your business.
6. Leveling the Playing Field
One of the things I’m most passionate about is helping small business owners compete with larger firms. AI is a great equalizer—it gives us access to tools and insights that were once the exclusive domain of Fortune 500 companies. Whether it’s advanced analytics, automated customer service, or sophisticated marketing, AI empowers small businesses to punch above their weight and reach new markets.
7. Freeing Up Time for What Matters Most
Perhaps the greatest gift AI offers is time. According to recent surveys, small business owners who adopt AI report saving hours each week—time that can be spent on high-value tasks like building relationships, innovating, or simply taking care of yourself and your team.
As someone who’s learned the hard way about the importance of mental health and work-life balance, I can’t overstate how transformative this can be.
AI Can Take Your Business to the Next Level
AI isn’t a magic bullet, and it won’t solve every problem overnight. There are challenges—cost, learning curve, and data privacy among them—but the potential benefits far outweigh the hurdles.
I’ve seen firsthand how embracing new technology can turn a struggling business around or take a good one to the next level. If you’re a small business owner feeling overwhelmed by the pace of change, my advice is simple: start small, experiment, and don’t be afraid to ask for help.
The future is bright, and with AI in your corner, it’s a little less lonely at the top. If I can do it, so can you.
About the Author:
Levi King is CEO, co-founder, and chairman of Nav.com. A lifelong entrepreneur and small business advocate, Levi has dedicated over ten years of his professional career to increasing business credit transparency for small businesses. After starting and selling several successful companies, he founded Nav both to help small business owners build their credit health and to provide them with powerful tools to make their financing dreams a reality.