Complex Made Simple

Essential Tech For Starting Your Business

You’ve probably heard the statistics that many businesses fail before they’ve even been in operation for five years. The good news is that with the right tools, you can help your business succeed.

Today’s technology makes everything from assessing how well the market likes your product to understanding your online traffic simpler than ever As a business owner, you wear a lot of hats, but with the right tech, you can manage all of those roles with confidence Here's the essential tech you need to start a new business

Author: Luke Smith

Starting a business is exciting! It can also be nerve-wracking. You’ve probably heard the statistics that many businesses fail before they’ve even been in operation for five years. The good news is that with the right tools, you can help your business succeed.

Today’s technology makes everything from assessing how well the market likes your product to understanding your online traffic simpler than ever. As a business owner, you wear a lot of hats, but with the right tech, you can manage all of those roles with confidence.

What is the essential tech for a new business? Find out below!

Know What You Need

Investing in technology for your business can get expensive quickly, so it’s essential to decide what’s most important in the beginning – especially if you have limited finances. First, look at what you’re offering to customers. What do you need to facilitate the creation and delivery of your product or service?

Next, think about communication. Keeping information flowing between your team members is vital, especially if you have remote workers. You’ll need tools that make communicating quick and easy, even if folks have different schedules or time zones.

Popular communication tools include Slack, Microsoft Teams, Zoho Cliq, Skype, and project management tools like Flowdock, Asana, or Trello. Using one of these programs helps you share documents, ask questions, and keep everyone on the same page. 

Finally, you’ll need a way to document your processes and ensure everyone follows through on their tasks. Keeping your team on the same page and working well together will help you succeed.

Don’t Overlook Maintenance

Many business owners only think about maintenance when something breaks. Why lose time and productivity when you don’t have to? Instead, make sure one of your first purchases is focused on predictive maintenance

This type of technology helps equipment stay up-to-date and everything moving smoothly. You can’t afford to have anything – from your computer to production machinery – break down. Give yourself peace of mind by taking steps to be proactive.

Read: Exclusive Op-Ed: What’s next for businesses? Preparing for life after lockdown

Manage Projects Effectively

A big part of keeping your business going smoothly is knowing what projects are in motion and where they stand. If you have a lot of team members working together, choose a robust project management software that will make the work much easier

An excellent software program can help you map out each project’s goals. Everyone is aware of timelines and can see exactly where the process is. If there are bottlenecks, you’ll know about them right away. Project management software also helps you keep updated files at everyone’s fingertips, so no one wastes time looking for the latest copy.

Finally, project management technology helps facilitate communication. Message boards allow your team members to ask questions, give updates, and ask for help. Having everything in the same place will enable you to keep your business moving forward seamlessly.

Use Electronic Documents for Remote Verification

Many new businesses use remote teams to save money on salaries and office space. With the recent COVID-19 pandemic, in-person contact has been off-limits around the world for months. It’s the perfect time to invest in technology that creates electronic documents for your business.

Need a contract in place before work can begin? Don’t worry about meeting in person or mailing a copy. Instead, use PDFs with digital signatures to quickly create binding documents and have them signed by everyone involved.

From work contracts to supplier agreements, electronic documentation is a technology you need for your business to thrive in today’s environment.

Technology Helps Your Business Thrive

Today’s business technology is well above the standards our parents ever dreamed were possible. That means that it’s easier than ever to start and run a small business successfully. Technology allows you to sign work contracts, set up project guidelines, and keep your team working together smoothly. 

You also have access to maintenance software and other tech that helps you avoid problems and maintain business continuity if there’s a failure. With all of this technology in place, you’ve laid the foundation for your business to be incredibly successful! 

Read: COVID-19 has been a tragedy, but one with many positive opportunities too