• Looly
  • Posts
  • Is AI Worth It For Small Businesses?

Is AI Worth It For Small Businesses?

Challenges exist, but advantages abound

Hello Fellow Humans (and Robots),

I hope everyone had a fun and restful Labor Day weekend! Time to get back to the grind, so let’s not waste any time!

AI and Small Business: Common Objections

One interesting theme I hear in my conversations with small business operators is a general sense that AI just might not be “for them.” Implementing AI solutions may feel like it’s risky for your business - but the far bigger risk is being left behind.

This week we’ll look at some of the most common objections to getting started with AI.

  1. "It's too expensive."

    While there might be an initial investment, AI can lead to cost savings in the long run by automating tasks, optimizing operations, and increasing efficiency. Plus, there are many affordable AI tools tailored for small businesses.

  2. "We don't have the expertise to manage it."

    There are numerous AI solutions that are user-friendly and designed for non-tech-savvy users. Plus, many AI vendors (like Looly!) offer training and support at a reasonable cost.

  3. "Our business is too small for AI."

    AI isn't just for big corporations. Even if you're a small business, AI can provide insights, automate tasks, and personalize marketing efforts. It's about how you use it!

  4. "It's just a trend; it won't last."

    AI is not just a trend; it's the future. By adopting AI now, small businesses can gain a competitive edge and stay ahead of their competitors. To use restaurants as an example: there is no doubt that major chains are going to be leveraging AI heavily to manage costs going forward. Make sure your costs are competitive enough that consumers can justify supporting their neighborhood joint!

  5. "I'm worried about data privacy and security."

    Many AI vendors prioritize data security and comply with global data protection regulations. It's essential to choose a reputable provider and understand their data handling practices. Here at Looly we are happy to help point you in the right direction.

Hopefully that clears up some of the common blockers that many small business owners have, and helps illustrate the importance of staying ahead of the curve. It’s easier than you might think!

Stay tuned for our next issue where we’ll cover some of the less well-known and understood benefits of leveraging AI for your small business.

For now, onto…

News You Can (Hopefully) Use

That’s all for this week - as always, feel free to reach out with any feedback by replying to this email!

And of course, it’s always much appreciated if you’d like to forward to anyone you think might find this content useful or share on social, etc.

Finally, if you or someone you know needs a little help getting started with implementing AI, don’t hesitate to be in touch! I’ve set aside time for 5 free half hour consultations next week - first come, first serve!

Best,

Caitlin, Founder, Looly AI