Helpful Apps for Small Business Owners
Time is money and especially so for small business owners, which is why any opportunity we can get to save on time is crucial to our business. Thankfully, with today’s technology, there are countless apps and tools readily available to small business owners to help them save time and money while running their businesses.
But even searching for these helpful tools can be time-consuming. New Paradigm is here to help. Here’s a handful of helpful apps and key services for small business owners.
Business Formation
A huge part of your business’s success relies on how well you planned it, as well as how you implement these plans. It’s also as important to take measures to keep your business legal from the get-go.
SCORE
You need a good business plan to hit the ground running, regardless of what your venture is. Ideally, a business plan will include in-depth market research, identifying your target market and how to reach them; financial projections to help you with pricing, as well as obtain funding; and other sections as they pertain to your business, like your vision and mission and organizational structure. Use this downloadable template from SCORE as a guide to ensure you cover all bases.
ZenBusiness
Your business’s legal structure can dictate your level of personal liability, as well as the financial and tax implications and benefits you will ultimately face in the course of running your business. While there are several structures you can consider, an LLC is often par for the course for most small businesses due to the limited liability and pass-thru taxation it offers as you continue to enjoy the flexibility of being a sole proprietorship. The best place to register LLC is undoubtedly through a formation service like ZenBusiness that knows the ins and outs of the process without the hefty price tag of most legal services.
Accounting
Helpful accounting tools can prove to be incredibly helpful as a small business owner. This is especially true if you’re a novice or new business owner. However, as your business grows, it can be a good idea to work with a CPA or bookkeeper to make sure you’re above board and your finances, above the water.
Payroll
With so many local and federal laws surrounding how payroll is handled, it can be challenging to stay on top of it all while running your business. Rather than trying to juggle it yourself, you can turn to a payroll platform to help, offering countless services to your small business. Additional features to look for in payroll service may include software integration, real-time reporting, and the ability to use a mobile app so you can tackle payroll from anywhere. Integrated time tracking can also help simplify team management and employee timesheets.
Payment Processing
When it comes to your procure-to-pay process, there are services available to help your small business here as well. Spend less time focused on this essential element of your business as you can focus your attention on the more crucial business matters daily.
A good payment platform can also handle your purchasing needs. This way, you can better maintain a healthy cash flow, as well as ensure that you are getting paid on time (which, in turn, ensures that you can do the same for your suppliers). Delegating your procure-to-pay process means you can also help ensure that your customers’ more accurate order status is quickly provided.
Time Management
Since saving time is so crucial, it’s no wonder that time management tools can be so helpful to any small business. There are plenty of time management tools available now that can easily integrate between personal and professional calendars.
To Do List
As a small business owner, time management does not only apply to your work life. It’s common for your personal life and work-life to overlap daily. As such, developing an organization to manage both is crucial to keeping your sanity. With over 25 million users today, Todoist is one of the top-ranking time management apps out there.
With over a decade under its belt, Todoist has been carefully built up, with countless features available to users today. With the help of this app, you can quickly and easily set personal goals or launch business offerings. All it takes is some quick navigation through the app. You can also simplify and track employee timesheets and team management from one place.
