If you’re an entrepreneur considering starting your own business, you may be worried about finding the right tools for entrepreneurs to help you grow at the pace that you need. After all, in today’s tech-driven day and age, the right suite of professional tools and software can make the difference between landing a sweet client deal and falling behind the competition.
That’s why today, we’re covering the basics: 5 tools for entrepreneurs that every entrepreneur needs when starting their business. These are the tools that will keep you in pace with the competition and give you the opportunity to even blow past them – take note, and find the right solutions to help your budding business thrive.
Professional website building software
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First things first: you need a website. Having an authoritative, respectable web presence is essential for just about any business you can think of. Social media pages are useful for connecting with potential customers, but alone, they won’t guarantee the level of professionalism you get from having your very own website.
Website building software makes it easy. Here are some of the benefits:
- No dealing with confusing and annoying HTML and CSS code: just jump right into the graphics and content
- Relatively low cost
- Hundreds of templates available to make your brand stand out
Once you’ve put together your website, it’s time to think about handling sales.
The right online marketplace management software
These days, having a fast, easy, and intuitive online marketplace is key for any business. Customers want to know that they can, with just a few keystrokes, enter in their credit card information and immediately gain access to your service, or know that their product is shipped and on the way.
Having an online sales management system is key to this. If your website builder doesn’t already include one, be sure to find the right e-commerce plug-in for your store. It should be encrypted, secure, and easy for customers to use, so they feel confident working with you right off the bat.
Pro tip: Be sure your e-commerce management system is built to accept a wide variety of credit cards so anyone can purchase your products.
Professional financial advisory services
Many entrepreneurs make the mistake of thinking that they can handle their entire financial portfolio themselves. While this might be easy when you’re just starting out and don’t have much money coming in or moving out of the business, the bigger you grow, the more complicated it gets.
As you get bigger, you’ll need to invest in a few financial advisory services, including:
- Professional investment management
- Bookkeeping and accounting services
- Sales tax advisory services
- Financial planning
- Tax consulting
- Business outlook and budget planning
Professional services may seem expensive up front, but they’re not nearly as costly as a major budgeting error.
High-quality customer relations management
Customer relationship management, or CRM, is one of the most important aspects of keeping your customer base actively engaged with your brand. CRM helps you maintain the relationships you’ve built with customers and clients and keep your head above water as the number keeps growing and growing.
The right CRM should be simple to use, allowing you to easily look up a customer, see their transaction history, and keep plenty of notes on-hand so that you can effectively maintain your relationship.
Example: Let’s say you have a keystone client who you want to make sure signs on for another year of service. A good CRM will remind you of the anniversary of them signing with you and personal details like their birthday – that way, you can add that personal touch to your business relationship.
Business planning tools for entrepreneurs
Lastly, the next tool you can’t go without is business planning. Now, at the beginning of your startup or small business, you likely formed a business plan: an outline of your growth, the structure of your company, and how you plan on becoming profitable.
Business planning software can help you make those plans a reality by allowing you to check in with critical benchmarks, mark off progress when you’ve hit goals, and allow you to easily see whether you’re meeting your profit margin expectations.
Remember: finding the right tools for entrepreneurs for your business is one of the most important parts of finding your success. Spend some time, do your research, and invest in the tools that will help you soar.
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