Financing issues, ineffective business planning, bad management, and marketing problems are some of the most common reasons businesses fail every day. Believe it or not, you can avoid these issues by harnessing the power of business products.
This term refers to tools you can use to boost business productivity. Don’t know what software can help you take your business to the next level?
We’ve got you covered. Here are the 5 types of business tools you should start using today to skyrocket your business growth.
- Communication Platforms
Communication is essential to create synergy between teams. Today, any business owner can use video conferencing, messaging, and email to keep everyone in the loop. Believe it or not, these platforms can help you set your company culture and motivate your team to excel in their roles.
You may think only large companies can take advantage of these tools. However, platforms such as Slack, Flock, Zoom, among others, offer basic plans for free.
- Operations Software
You might relate operations software to manufacturing companies or similar businesses. Yet, these tools can boost the efficiency of any business. Human resources, customer service, contract, and performance management are some of the tasks these tools will handle.
Depending on your line of business, you may only need some of the platforms. An HR tool can help you keep track of all your hires from the application phase to onboarding your new employee. In contrast, a customer service app such as Zendesk will allow you to provide top-notch support via email, social media, phone, and even text messaging.
- Marketing Tools
In the age of social media, using a wide array of marketing strategies helps small businesses compete with top industry players. Successful companies use everything from CRM technology to email marketing.
Automated business products like Hootsuite, SocialPilot, Buffer, and Sendible can make social media management a breeze. You should also consider CRM tools to manage your customer relationships and nurture leads.
- Accounting Software
Business owners often have trouble obtaining financing due to not maintaining accurate financial records. Using bookkeeping, payments, invoicing, and tax filing platforms can help you streamline your accounting operations.
While you may hire an expert, you can also run your payroll to pay your employees. If you choose to do your payroll manually, you can find a free paystub generator online to provide proof of income to your employees.
- Collaboration Tools
In today’s globalized world, many team members work from different locations. Collaboration business software makes it easy for teams to work on a project even when employees are located at opposite ends of the world.
Platforms such as Trello make project management a breeze. In contrast, tools like Google Drive and Dropbox help teams share information instantly without compromising corporate security.
Is Investing in Business Products the Right Call?
Investing in business products is the easiest and most efficient way to take your business to the next level. It all comes down to taking a hard look at your operations and figure out where you’re going wrong.
Is there a way to speed your internal processes? If you don’t know where to start, you may consider consulting a business development expert for suggestions.
Did you find this article interesting? Keep browsing the rest of our site to find helpful tips and articles to start growing your business today.