Entrepreneurs come up with new business ideas every day and the chances of turning those exciting plans into a money-making initiative are enhanced considerably with an affordable suite of tools and platforms. Fortunately, new start-ups can achieve success by investing in the right tech and platforms. No longer are cutting-edge applications open only to the largest and richest organisations.
Cloud computing has levelled the playing field for start-ups and storage applications, including Google Drive and Dropbox, can now be used with ease by entrepreneurs to save, sync and access files and important information across a range of different devices. Everything is automatically updated so there are no maintenance fees and a robust backend ensures no downtime.
Customer relationship management (CRM) encompasses all the tech and activities related to the interactions you have with your customers. This covers vendors, suppliers, partners and the people buying your products or services. A CRM system will collect all of this data and put it to action to help you communicate effectively at scale.
Hubspot’s Leslie Ye adds: “Beyond contact info, CRMs log reps’ touchpoints with their prospects, including emails, phone calls, voicemails, and in-person meetings. Some CRMs offer the ability to track deal stages and reasons for closed-lost and closed-won deals.”
Managed service providers
Outsourcing is important for micro and small enterprises. You are unlikely to be able to master all facets of the business from the get-go and IT will arguably be at the heart of whatever you offer if you are a tech start-up. A Managed Service Provider (MSP) can act as an outsourced IT department so you don’t have to build a complex infrastructure in house.
MSPs offer a number of benefits including access to a pool of experts, higher service levels and guaranteed service level agreements, ongoing support and maintenance, cost savings, economies of scale and better security. They will also enable you to focus on what your new business does best.
Entrepreneurs focusing on investment activities such as stock trading, real estate or forex trading will need a platform to perform trades on a daily basis. The home page at We Compare Brokers will help you to find a broker tailored to your trading region and broker type while providing information for beginners about forex markets and how they work.
Day-to-day office tasks can also be managed via cloud applications such as Google G-Suite and Skype which make messaging and document sharing quick and intuitive. Your new company will be able to communicate and collaborate on these platforms after a simple account creation and sign-in process.
HR and expenses
Human resources platforms will also cut down on the time and costs associated with administrative processes. Your employees will be able to track their payroll and schedule their holidays via mobile apps and desktop clients. You can also use software with optical character recognition tech to extract data from physical documents and invoices for use with accounting applications. A few other services to consider include e-payment apps for e-commerce, cloud-based security software and virtual phone services.