Ask The Entrepreneurs is a regular series where members of the Young Entrepreneur Council are asked a single question that aims to help Lifehack readers level up their own lives, whether in a area of management, communication, business or life in general.
Here’s the question posed in this edition of Ask The Entrepreneurs:
What task isn’t automated (yet!) that you wish would be in your business?
1. Industry Research
A significant portion of my day involves researching what is going on in my industry, as well as what the competition is writing about. I wish there was a way to automate this process. I know of a few apps that help with this, but I’ve yet to incorporate them into my workday.
I want a universally accepted ability to automatically schedule meetings and then send confirmation reminders the day before. Ideally, this smart piece of software would intelligently categorize your existing meetings so that you can look at the data to see what you are focusing on versus what you should be focusing on. In fact, if you do this, I’ll happily introduce you to VCs!
Right now we run partnerships in a completely manual way, and it takes up quite a lot of our time to investigate them, explore possible avenues and run pilots with possibly companies. I would love to automate this process, but since it’s so dependent upon people, I don’t see how we could figure this out while still respecting the fantastic companies that contact us to work together.
4. Searchable Libraries of Content
I’d love to have all of the content I’ve ever published housed in one place with easy search capabilities. I’ve probably written over a million words in the last several years, and to be able to automatically pull ideas for use in current projects would be invaluable.
Hiring good people takes a significant amount of time. I’m not sure if you could ever automate the process of finding the perfect person for a role, but I’d love it if the right candidate magically appeared in an automated fashion.
6. Inventory Management
We have a ton of inventory — at least 100 units across 150 unique styles! On a monthly basis, we need to count this inventory, which is a major pain. A bigger issue, however, is that the lack of insight into our inventory means that we sometimes miscalculate when we need to reorder products, which creates rush fees from our factory.
7. Reports and Proposals
One of the most tedious tasks for our business is creating unique, enticing proposals with valuable insights. It would be extremely advantageous to have an all-inclusive reporting solution — an all-in-one tool that provides all the insights we need instead of having to use multiple tracking tools, chart generators, image editors, document layout tools, etc. to generate reports.
8. Client Background Research
We like to have a solid background report of clients so that we can speak intelligently on discovery calls. The Internet delivers tons of data, but sifting through and finding the pieces that are relevant and accurate can be a tedious process. It would be great to have a more automated solution, but there’s some serious automated intelligence that needs to be developed first!
9. Follow-up Reminders
I wish there would be a reliable tool for automated reminders to follow up with clients and partners. Right now, I use Boomerang and other email plugins to set reminders, but it’s not fully automated, so it takes time to set up. An automated system would free up time for setting up reminders and enable us to focus on just doing the follow-ups that drive business value.
10. Task Management
If my team and I weren’t so busy recording what we’ve accomplished, we’d definitely accomplish more. Basecamp currently gives summaries of on-platform updates, which is nice. But it’s not organized. So, team members manually go to one of several Excel sheets and update it with details of their tasks. That could be automated with a “record” button syncing computer or mobile activities to Excel.