Mentorship Sessions

Learn the necessary business skills you need to start and scale your business.

September 2022 : Data Analytics and Business Intelligence

Apr 28, 2022: Tech Tools For Your Business

Running a business requires effort and, in most cases, repetitive effort. This repetitive effort can be reduced to a fraction by utilizing the right business tools. Learn how business tools or a business toolkit can save you time and manual effort. Also, check out our curated list of business tools.

Business tools are preferred by many businesses and professionals to aid them.

The common themes for the need for business tools are-

  • Helps a business function efficiently and quickly

  • Improves productivity and keeps you organized

  • Hiring a platform is more cost-effective than hiring a person

  • Helps you avoid errors

  • Provides useful business insights and helps in decision making

  • Customer relationship tools build trust for your business

  • Aids you in market expansion

 

The idea is to automate tasks that are repetitive or take advantage of software’s help where human errors can be plenty.

Explore different business tools and when they can come in handy.

  1. For organized and indexed internal communication with your team, you can make use of Slack, Microsoft Teams, Zoom, G Suite, Zoho, etc.

  2. For efficient management and tracking of tasks, projects, etc., you can opt for Jira, Monday.com, Trello, Asana, etc.

  3. Financial tools for collecting global payments: Stripe, Apple Pay, G Pay, Amazon Pay

  4. For financial tracking, you can go for Zoho books and for accounting, Quickbooks and Xero

  5. Customer relationship tools that help you keep track of your interactions with potential customers—Hubspot, Salesforce, Pipedrive, Zoho, Freshwork

  6. Integration and automation tools to keep track of workflow across different fields and platforms—Zoho, Zapier, Integromat, Pabbly, IFTTT

  7. Additional tools include

Mailchimp for email funnels. Buffer for social media management.

Mouseflow for website engagement. Google Analytics for website analytics.

Click funnels for building sales and marketing funnels.

Now, business tools can either be individual tools or come in the form of a suite of tools. Both have their benefits and drawbacks.

Opt for a suite of tools if you want the benefit of having everything in one place. You can also benefit from their highly compatible and integrated platform. You may lose out on some functionalities, though. For instance, Zoho or Microsoft Teams.

Go for individual tools if you want a higher number of functionalities and that too, specific ones. However, you may have to contend with frequent window switching if the tool is not easy to integrate with others. For instance, Calendly or Typeform.

Lastly, don’t follow the herd and figure out the right tool for your needs. Ponder on the following points:

  • Understand the processes that the tool will aid in and discern if it needs help.

  • Deliberate on the cost-effectiveness of a tool with questions like: “How much money is the tool going to save you?”

  • Examine if the tool integrates with other platforms and if it automates tasks for you.