Time Keeping
Timekeeping is one of the most important and underrated aspects of running a successful enterprise. Apps like your mobile phone's native calendar app and products like Calendly can help you plan your schedule and easily track things. You can get away with using your smartphone calendar app for a while, but once you begin scaling, you need to start considering more immersive and professional timekeeping products. Your chosen service can help you schedule when to open your trading app for maximum growth and when to catch up on your day job.
AI-Powered Assistant
Every small and medium-sized business proprietor wishes they could get help with certain aspects of their business because it can sometimes be too much for one person to deal with. The right AI-powered assistant can help improve your operations in ways you could never imagine. It can serve as a personal assistant, cold email author, reply to emails, create and summarize reports and emails, and handle most administrative aspects of your empire. Now you can focus on the things that truly matter to you.
Business Trackers
Believe it or not, a significant portion of your activities during the early days will involve reaching out to businesses and individuals. You need a way to track corporations you want to partner with, a way to track proposals you send, and a way to reply to emails you get from other enterprises. It is easy to lose track of things and activities when you are doing so much; that is why you need a tool that can automate this part of your business. A way to summarize emails and automatically file them in an Excel tracker with relevant information and progress information.
Social Media Accounts
The power of social media cannot be overstated when running a business. It doesn't matter how "boring" or "old school" your niche is, you will find an audience with the right strategy and content. You likely do not have the finances to pay for ads on the major social media platforms, so you will need to focus on making your content as excellent and concise as possible while still entertaining and relatable. Your social media accounts can become your enterprise's most valuable and important (marketing) tool.
Finance
One of the main aims of every venture is to make money; that is why you not only need to learn how to get customers to pay for your services, but you need a system to bill, send invoices, receive payments, pay taxes, and settle creditors seamlessly. If you plan to attract external funding, displaying a strong financial history and effective management is essential. Some products take data from e-commerce stores you run and automatically process them for easy financial settlements. Products like Shopify offer entrepreneurs the opportunity to manage finances on one platform. Filing taxes is an essential step you cannot afford to mess up.
Legal
The legal needs of businesses change over time, and you may not require legal help during the early days, but as you grow, you need to begin thinking about accessing legal support at reasonable rates. There are startups with products offering small businesses access to on- demand legal support for a reasonable fee.
Accounting
Similar to finance tools, you need accounting tools to ensure you remain on the right side of the law while running a financially independent enterprise. Tools like Xero and QuickBooks are great for tracking expenses, generating invoices, taxation, etc. Accounting and financial management tools are especially important because messing up your taxes can lead to fines and sometimes jail time.
Customer Management Tools
Regardless of whether you are a B2B business or operate in the B2C space, you will need customer management tools. You are in luck because there is no shortage of tools in the space. Salesforce, Zoho, and Hubspot are some of the industry leaders in the customer management niche. Managing customer interactions and tracking leads is easier than ever, resulting in more streamlined sales processes. These tools will help you take ownership of your entire sales funnel.
Built To Succeed
Running a successful business is far from an easy task, but the tools listed here should offer you an advantage if implemented correctly. They will ensure your enterprise gets all the help it deserves on the road to success. What are you waiting for? An exciting world of business tools awaits you.
