The aim of every business is to make a profit. This requires entrepreneurs to implement measures that improve efficiency. On this front, technology has become a reliable and irreplaceable companion for many small business owners around the world. It can go a long way to cut down costs and save time. In turn, this improves customer experience and outreach. However, it’s one thing to know the importance of technology in business and another to learn the tools to use. In this article, we’ll look at five small business tools for online entrepreneurs.
1. Online Security Tools
As the reliance of businesses on technology and the internet increases, so do security threats. So, when maintaining the integrity of a digital product, you owe it to your customers and stakeholders to ensure they are secure. As such, small online companies need to monitor their online activity to protect against digital attacks and operational risks, seeing as they’re the most vulnerable.
Luckily, LifeRaft helps companies monitor their online activity more acutely. Their security intelligence platform goes by the name of ‘Navigator’. It provides actionable intelligence that identifies potential violent threats to your business by collecting and reviewing open-source contents, including the dark web, blogs, and social media. You can read more about what they offer on their website www.liferaftinc.com.
2. Sales Tools
For your business to have an efficient and effective sales team, you must invest in a sales tool explicitly designed to ensure your salespeople have an efficient sales process. Research shows that a chunk of the time spent by sales reps goes into generating quotes, drafting proposals, and approvals instead of selling. CPQ solutions help automate orders, thereby leaving sales reps with more time for marketing.
So, what is CPQ? CPQ stands for Configure, Price, and Quote software. Companies can take advantage of all the benefits a CPQ software solution offers, such as the one found on Configure One. Their CPQ software gives businesses the flexibility to send quotes to customers or share them on personalized web pages with a simple click of a button. Altogether, the software will shorten your business’ sales cycle to help make more profit.
3. Accounting and Payroll Tools
Many small business entrepreneurs believe they can handle it all on their own when it comes to accounting. But it can get overwhelming, especially as the business grows. Accounting software and payroll tools improve transaction accuracy, assist the automation of payments, and work to eliminate human errors. Luckily, online check printing companies like SmartPayables offer practical solutions to all your accounting and payroll challenges.
They provide smart and accurate check printing with duplicates for future reference. Even better, you can personalize your checkbook through the design options. This means you can choose to insert marketing messages, bank statements, or invoices while still maintaining a professional image. Furthermore, to avoid bank rejections that give your brand a bad reputation, SmartPayables pays utmost attention to the check’s security and legitimacy by using magnetic ink printing software. High-security checks are integral to your business as a merchant.
4. Project Management Tools
It’s not uncommon to find small business owners who believe that project management tools are solely for large corporations. However, irrespective of the size, every business needs to implement strategies to improve their project management.
Project management tools enable team members to schedule meetings, set deadlines, handle administrative tasks, and communicate efficiently. A handy project management tool will help business owners overcome the challenges involved in keeping up with the progress and activities. When choosing a project management tool, your choice must be comfortable for both internal and external stakeholders.
5. Marketing Tools
The right marketing tool does not just aim to help you reach potential customers but also helps change your business’s perception.
For instance, you can set up an email list and schedule how often you need to send newsletters through a marketing tool.
While there are plenty more tools you can apply to your business, these are some of the essentials to help guarantee success.