The Top 5 Tools Your Start-Up Needs

June 24 2016, 0 Comments

Any financial economy relies on its brave budding entrepreneurs and the various start-ups who take the plunge in opening a new venture. With continued rises in yearly start up rates, we have seen numbers increase from 440,600 in 2011 to 581,173 in 2014 and furthermore another increase to 608,100 in 2015. 

These recorded breaking numbers are in no way showing signs of slowing down as the country continues to attract new business. Part of this continued drive can be attributed to the amount of resources people now have available to them. Whether it’s online, through software or through new products, entrepreneurs now have a wide range of inexpensive options to help them better their business. Gone are the days of start-ups encountering problems where they would be faced to hire other professionals or in fact learn the skill themselves and now entrepreneurs can find the resources they need in a matter of seconds.

With a whole host of options available, it can be difficult for start-ups to know what they need or where to start in terms of tools. So to make things a little easier for you, we’re created this handy top 5 list so you know what ones you need to get!

Email Tracking

As a new business you will be inundated with emails, not to mention the amount you’ll be sending yourself. Whether its queries, invoices or generic responses it can be overwhelming and confusing at times. There is now software available that tracks any email you send and it also sends you a notification when your recipients open your message. This is great for when you’re marketing or performing outreach as you’ll know when they’ve read your email. This ultimately informs you of whether it’s looking like they’ll be replying or not and then you’ll know when to follow up if they haven’t respond. With one click of a button, you can integrate the tracking with your email provider so you get going as soon as you’ve downloaded the app.

Cloud Storage 

As mentioned previously, if you’ve not already utilised cloud technology, you need to catch up. Cloud storage is highly accessible and it puts your business at your fingertips at all times. If need to access files from a range of devices, share your work with colleagues or just simply to back up your folders and files, cloud storage is the perfect solution. The free tools you should be using by now are Dropbox, Google Drive as well as Microsoft’s OneDrive. This is the securest way of backing up all of your data and preventing your work to be lost or stolen. This other positive is that you can literally work from anywhere, allowing you to take your office to any location and still function as well as you want to be doing while you’re there.

Your Finances 

Keeping track of your finances is a simple process as long as you have the right software. By using accounting software you have the financial support system in place to manage your money and keep track of your on-going expenses and profits. Our software acts like a personal assistant to your everyday business needs, taking the weight off of your shoulders. It’s perfect for when you need to submit your taxes or even work with your accountants towards the end of the financial years.

Document Templates

The unfortunate side to business is the monotonous tasks that you have to complete on a day to day basis. The amount of documents that you have to send that are completely the same as 100 others you’ve already sent, can get tiring quickly. Thankfully, now you can save a lot of time by using document templates. Whether it’s invoices, proposals, reports or business plans, you can now create set templates that allow you and your employees to fill out pages quickly with ease, without having to start a fresh every time. This is a great way to cut corners so you can spend more time on what you’re good at doing, rather than the more boring paperwork! 

SWOT Analysis Template 

SWOT stands for ‘Strengths, Weaknesses, Opportunities and Threats’. Regarded as best practice for businesses, these are carried out to help companies analyse their setup and assess the risk in relation to any potential opportunities they might embark upon. Now you can get SWOT templates that break down the process for you. Whenever you make any important decision in regards to your business, make sure you use this test as it keeps your business running smoothly and free from bad habits and failure. By downloading the template as a tool, you can distribute it around the company to relevant members in order to make a collective and positive decision as a whole.