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10 Terrific Tools for Small Businesses

10 Terrific Tools for Small Businesses

When you are running your own business, you can use all of the help you can get. Sometimes, this help comes in the form of amazing tools that you can find online, many of which are quite inexpensive to use (and even free in some cases). Here are our top 10 picks.

1. Wave

wave

    Here you will find all kinds of applications for financing for small businesses that have nine employees or fewer. Many services, including accounting, invoicing, and receipts, are free, and payroll application fees start at $9 per month.

    2. Cabertel

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    cabertel

      This is one of the better cloud service providers, and you can get a great package for a relatively low rate. This is the ideal provider for startups, non-profit organizations, and entrepreneurs who are operating small businesses. You can lower your business phone bills by as much as 60 percent, and you will have Smartphone app solutions as well as fully managed US support.

      3. SupplierComplete

      supplier

        It can be difficult to find the best cloud services for your small business, because there are too many great deals out there, and so many different providers. Get the information you need to make the best decision at Supplier Complete, where you can compare prices, read reviews and articles, and a whole lot more.

        4. Slack

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        slack

          This internal messaging app offers real-time messaging, file sharing, and more. You can get a free account for up to five integrations and 10K message searchable archive. There are also paid plans that start at $6.67 per user, per month.

          5. Sococo

          sococo

            This tool gives you the advantages of having an actual office, without needing to pay for an office and the rest of the overhead that goes with it. You will be able to see who is working, as well as text, audio, and video chat with colleagues, and make conference calls from anywhere. There is a free starter plan, and then you can check out the various subscription rates from there.

            6. Insightly

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            insightly

              This is a customer relationship management system that is perfect for small businesses. With it, you can manage organizations, contacts, vendors, suppliers, partners, etc. You can see all of the information on your contacts, and use project management features such as creating tasks and automated reminders. Insightly is free for up to three users, and costs $7 per month for more users.

              7. Desk.com

              desk

                This tool provides you with all of the customer support your small business needs. You will have the tools you need to help your customers as quickly as possible, make it easy for them to troubleshoot problems with their own cases, and more. Plans start at just $30 per month.

                8. Enloop

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                enloop

                  Creating a business plan is not the easiest thing in the world to do, and this tool can help you with that. You will be able to create a business plan that looks professional, and even includes a three-year financial forecast report. You will get a free business plan score that will help you tweak your plan to make it the best it can possibly be. The first business plan is free, and then subscription rates for extra business plans and more features are quite affordable.

                  9. Pablo

                  pablo

                    You need to create marketing items, but not everyone is great at graphic design. This tool can really help you with that. You will be able to have amazing images for your social media campaigns that are created from your text. It only takes 30 seconds to get these images, and it is so easy that even an adult can do it (children seem to have more computer skills these days).

                    10. Expensify

                    expensify

                      Here is a tool that will help make creating expense reports a whole lot easier. You can simply the process via smart scanning of receipts, track expenses, and enjoy one-click reimbursement options. There is a free basic plan, and a 30-day free trial of the team and corporate plans.

                      Featured photo credit: markus spiske via flickr.com

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                      Jane Hurst

                      Writer, editor

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                      1 The Best Ways to Save Money Even Impulsive Spenders Can Get Behind 2 How to Answer the Tough Question: What are Your Salary Requirements? 3 How Personal Finance Software Helps You Get More Out of Your Money 4 The Definitive Guide to Get Out of Debt Fast (And Forever) 5 35 Real Ways to Actually Make Money Online

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                      Published on November 20, 2018

                      The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

                      The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

                      The truth is, there are many “money saving guides” online, but most don’t cover the root issue for not saving.

                      Once I’d discovered a few key factors that allowed me to save 10k in one year, I realized why most articles couldn’t help me. The problem is that even with the right strategies you can still fail to save money. You need to have the right systems in place and the right mindset.

                      In this guide, I’ll cover the best ways to save money — practical yet powerful steps you can take to start saving more. It won’t be easy but with hard work, I’m confident you’ll be able to save more money–even if you’re an impulsive spender.

                      Why Your Past Prevents You from Saving Money

                      Are you constantly thinking about your financial mistakes?

                      If so, these thoughts are holding you back from saving.

                      I get it, you wish you could go back in time to avoid your financial downfalls. But dwelling over your past will only rob you from your future. Instead, reflect on your mistakes and ask yourself what lessons you can learn from them.

                      It wasn’t easy for me to accept that I had accumulated thousands of dollars in credit card debt. Once I did, I started heading in the right direction. Embrace your past failures and use them as an opportunity to set new financial goals.

                      For example, after accepting that you’re thousands of dollars in debt create a plan to be debt free in a year or two. This way when you’ll be at peace even when you get negative thoughts about your finances. Now you can focus more time on saving and less on your past financial mistakes.

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                      How to Effortlessly Track Your Spending

                      Stop manually tracking your spending.

                      Leverage powerful analytic tools such as Personal Capital and these money management apps to do the work for you. This tool has worked for me and has kept me motivated to why I’m saving in the first place. Once you login to your Personal Capital dashboard, you’re able to view your net worth.

                      When I’d first signed up with Personal Capital, I had a negative net worth, but this motivated me to save more. With this tool, you can also view your spending patterns, expenses, and how much money you’re saving.

                      Use your net worth as your north star to saving more. Whenever you experience financial setbacks, view how far you’ve come along. Saving money is only half the battle, being consistent is the other half.

                      The Truth on Why You Keep Failing

                      Saving money isn’t sexy. If it was, wouldn’t everyone be doing it?

                      Some people are natural savers, but most are impulsive spenders. Instead of denying that you’re an impulsive spender, embrace it.

                      Don’t try to save 60 to 70% of your income if this means you’ll live a miserable life. Saving money isn’t a race but a marathon. You’re saving for retirement and for large purchases.

                      If you’re currently having a hard time saving, start spending more money on nice things. This may sound counterintuitive but hear me out. Wouldn’t it be better to save $200 each month for 12 months instead of $500 for 3 months?

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                      Most people run into trouble because they create budgets that set them up for failure. This system won’t work for those who are frugal, but chances are they don’t need help saving. This system is for those who can’t save money and need to be rewarded for their hard work.

                      Only because you’re buying nice things doesn’t mean that you’ll save less. Here are some rules you should have in place:

                      1. Save more than 50% of your available money (after expenses)
                      2. Only buy nice things after saving
                      3. Automate your savings with automatic bank transfers

                      These are the same rules that helped me save thousands each year while buying the latest iPhone. Focus only on items that are important to you. Remember, you can afford anything but not everything.

                      How to Foolproof Yourself out of Debt

                      Personal finance is a game. On one end, you’re earning money; and on the to other, you’re saving. But what ends up counting in the end isn’t how much you earn but how much you save. Research shows that about 60% of Americans spend more than they save.[1]

                      So how can you separate yourself from the 60%?

                      By not accumulating more debt. This way you’ll have more money to save and avoid having more financial obligations. A great way to stop accumulating debt is using cash to pay for all your transactions.

                      This will be challenging, depending on how reliant you are with your credit card, but it’s worth the effort. Not only will you stop accruing debt, but you’ll also be more conscious with what you buy.

                      For example, you’ll think twice about purchasing a new $200 headphone despite having the cash to buy them. According to a poll conducted by The CreditCards.com, 5 out of 6 Americans are impulsive spenders.[2]

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                      Telling yourself that you’ll have the discipline to not buy things won’t cut it. This is equal to having junk food in your fridge while trying to eat healthy–it’s only a matter of time before you slip. By using cash to make your purchases, you’ll spend less and save more.

                      A Proven Formula to Skyrocket Your Savings

                      Having proven systems in place to help you save more is important, but they’re not the best way to save money.

                      You can search for dozens of ways to save money, but there’ll always be a limit. Instead of spending the majority of your effort saving, look for ways to increase your income. The truth is that once you have the right systems in place, saving is easy.

                      What’s challenging is earning more money. There are many routes you can take to achieve this. For example, you can work long and hard at your current job to earn a raise. But there’s one problem–you’re depending on someone else to give you a raise.

                      Your company will have to have the budget, and you’ll have to know how to toot your own horn to get this raise. This isn’t to say that earning a raise is impossible, but things are better when you’re in control right? That’s why building a side-hustle is the best way to increase your income.

                      Think of your side-hustle as a part-time job doing something you enjoy. You can sell items on eBay for a profit, or design websites for small businesses. Building a side-hustle will be on the hardest things you’ll do, be too stubborn to quit.

                      During the early stages, you won’t be making money and that’s okay. Since you already have a source of income, you won’t be dependent on your side-hustle to pay for your expenses. Depending on how much time you invest in your side-hustle, it can one day replace your current income.

                      Whatever route you take, focus more on earning and save as much as possible. You have more control than you give yourself credit for.

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                      Transform Yourself into a Saving Money Machine

                      Saving money isn’t complicated but it’s one of the hardest things you’ll do.

                      By learning from your mistakes and rewarding yourself after saving you’ll save more. What would you do with an extra $200 or $500 each month? To some, this is life-changing money that can improve the quality of their lives.

                      The truth is saving money is an art. Save too much and you’ll quit, but save too little and you’ll pay for the consequences in the future. Saving money takes effort and having the right systems in place.

                      Imagine if you’d started saving an extra $100 this next month? Or, saved $20K in one year? Although it’s hard to imagine, this can be your reality if you follow the principles covered in this guide.

                      Take a moment to brainstorm which goals you’d be able to reach if you had extra money each month. Use these goals as motivation to help you stay on track on your journey to saving more. If I was able to save thousands of dollars with little guidance, imagine what you’ll be able to do.

                      What are you waiting for? Go and start saving money, the sky is your limit.

                      Featured photo credit: rawpixel via unsplash.com

                      Reference

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