Essential Tools for Running your Business Efficiently
Posted: Feb 21, 2020
You have probably often heard the phrase "time is money". This is especially true in the business world. Simply put, a day your business spends not running is the day you are not earning any money. As a startup owner, finding out ways in which you can keep making money is beneficial to have a healthy and growing sustainable business.
Luckily, there are many tools that will help you run your business with more efficiency, and thus earn more money in the same time span. Today, we take a look at the couple of them in order to help you get as much as you can from your startup!
Communication tools are extremely important
One of the first and most important sets of tools you need are those that will allow high-quality communication within your company. Obviously, your employees need a good way to communicate with each other, but you also need to figure out how to get your message to your clients too. Finally, it’s also very important to be able to hear back from your clients and customers, too!
This is why finding software that helps with sharing files and collaborating on them is important. Nifty, for example, is a great alternative to Airtable and similar software. It allows for great communication with the team, and managing projects in finer detail!
There is no business without quality project management
Good communication ties well with good project management skills. After all, it is one of the prerequisites for successfully finishing a project in time! As your business grows, however, you might find it harder and harder to manage projects as they pile us. This is why using a tool like Nifty is essential for any startup!
What makes Nifty so special is that it offers you a possibility of creating milestones during your project development. These are markers that give you tons of information about where you are in the process, and just how much (or little) you have left!
Only when you layout a project coherently can you hope to accomplish it successfully. Nifty helps in this by helping you track the status of the project through time. It also gives you a great way to navigate around the project – from enforcing deadlines to structuring the activities, responsibilities, and decisions that you and your team make. Finally, it can help you organize time around the project, which is another important aspect of any successful startup.
The importance of time management
We already started talking about time being money, and just how much managing time properly matters to a startup. As we mentioned, while the business grows, your projects and tasks will keep piling up. However, you will still have the same twenty-four-hour day to complete these.
This is where a lot of businesses and entrepreneurs get stuck. They try to focus on what is in front of them and forget to see the bigger picture. You can be pretty overwhelmed with all the work you are doing that you will literally have no time to focus on developing your business.
For this reason, you need good time management tools. Start using them early on, and you will see the results soon enough! Creating timetables and schedules for your employees will help keep them on track, but you can also use these tools to track the progress of any project and your company as a whole. Only when you have a clear picture of the whole thing will you be able to navigate it towards what you want it to be in the future.
Try to automate parts of your business to make it more efficient
People often do not realize this, but a lot of business time is actually spent waiting around for stuff to happen. You can either wait for your clients to reply back to you, or you might wait to hear from your team.
This is why, to run your business more efficiently, you should look into tools for automating parts of it. This way, you can let the algorithms do some of these tedious tasks for you, while you focus on other important and pressing matters.
Nowadays, we are fortunate to live in a world where a lot of applications and tools do exactly this – and they do it staggeringly well. From automating your email responses to integrating multiple apps and tools into one, you can find a tool for almost anything!
What’s more, a lot of tools also allow you a fine-tuned control of all your social media platforms, and how you use them. This way, you can turn social media marketing into an automated process. When done by a person, this can take a lot of time and energy. But with the use of some clever tools, you can figure out exactly what your customers are interested in when they are visiting their social media accounts and then use that to push your message across with ease! Meanwhile, you can just sit back and count the visits to your websites or the number of products you sell!
As you can see there are a lot of ways to increase the efficiency of your startup. And the best of all - you do not need to move a finger! All you need to do is locate where you can save on time, and think outside of the box to do it!
Jaylin is a Staff Writer for Bizmaa focusing on business analytics, business systems, gadgets and other small business news. She has a background in information and communications technology coordination.