AI Tools Reduce Costs for Starting and Running Businesses

Artificial intelligence tools are helping entrepreneurs cut costs associated with starting and running businesses.

"Everything has decreased in cost and increased in speed," one entrepreneur said. Business owners attribute these reductions to AI applications in areas such as marketing, customer service, and administrative tasks. AI systems automate repetitive work that once required hiring staff or contracting specialists.

Entrepreneurs said they no longer need to pay for multiple layers of consultants or full-time employees to handle basic operations.

Owners who adopted AI tools said they launched ventures with less capital than similar businesses five years ago. They also reported operating expenses falling as AI chatbots replaced human agents and AI writers produced marketing content without additional staff.