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6 Tools and Resources for Starting and Growing a Business in 2020

Starting a business from scratch and fostering it into a successful firm with a thriving brand is a monumental achievement. Personal experience, ingenuity, and skills will certainly come into play, but it’s nearly impossible to reach success without leveraging the appropriate tools and outside resources.

Six Resources Worth Leveraging

If you talk to a talented furniture maker or woodworker, he or she will probably tell you that the person relies 10 percent on knowledge/skill and 90 percent on the right tools.

The same goes for a graphic designer and his or her software, or a cook and the ingredients. That doesn’t mean talent, skills, and creativity don’t matter, but that tools are necessary in order to bring the underlying idea to life.

If you’re a business owner, the situation is not that different. In order to enlarge your operation and transform it from an idea into a full-fledged business, you have to leverage the right resources, tools, and support.

Here are six that come highly recommended from multiple sources.

1. TRUiC

You can’t build a thriving business without a strong foundation. One of the most critical elements for establishing such a foundation is the most appropriate legal structure.

You may consider a range of legal structures when you launch a business, but the LLC is one of the most widely employed. If you seek to open an LLC in the U.S., you have to be informed on the how.

TRUiC has great resources on how to start an LLC. Check out this firm and use their information to make educated decisions.

2. SAP Recruiting and Onboarding

People make a business tick, obviously. And as companies grow, the demand for recruiting, hiring, and retaining the best talent becomes immense.

By having the proper tools in place for managing this challenge, you can spend less time worrying about logistics and more focused on growth. SAP SuccessFactors Recruiting and Onboarding tools are invaluable for this purpose.

Features include applicant tracking, global job distribution, flexible applicant management, recruitment analytics, and a long list of other unique functions that are designed to enhance every facet of human resource management, from the initial point of contact to offboarding workers on their way out the door.

3. WorkflowMax

Plenty of applications and programs can assist with specific needs, but if you’re looking for a tool that can serve as the backbone of your management operations, WorkflowMax is as good as they come.

WorkflowMax is billed as an all-in-one business manager that helps supervise projects, timesheets, invoices, and standard business reporting. The folks behind the tool estimate that its services save business owners 628 hours and $22,000 per year, on average.

Another benefit of WorkflowMax is that it integrates with more than 30 other tools and systems. This ensures it fits into almost any existing technology stack with ease.

4. Expensify

As your business grows, so will the challenges associated with managing finances, expenses, and compliance. Trying to manage everything manually with spreadsheets and documents can be cumbersome.

Expensify changes all of this. This is a fully integrated solution that offers features like receipt scanning, corporate card reconciliation, GPS mileage tracking, configurable policy rules, employee reimbursement, custom reporting, advanced tax tracking, and more.

5. Grasshopper

While the telephone might not be as central as it used to be in office operations, no one can build a successful firm without retaining this mode of communication. It’s still one of the primary methods of delivering exceptional customer support.

With Grasshopper, you can streamline your phone communications and present a professional image that resonates with customers and clients. It makes it easy to handle call volume, route individual calls, take messages, etc.

6. AdRoll

Advertising is enough of a challenge by itself. Trying to advertise without retargeting is even more difficult.

With AdRoll, you’re able to retarget across multiple channels easily, as well as capture what’s traditionally been lost revenue for most companies. It’s a complete game-changer for owners who know they need to elevate their advertising campaign, but don’t have tons of time and money to devote to it.

Adding it All Up

Just as every furniture builder, graphic designer, and cook is unique, every business is different from the rest. You’ll need a unique array of tools to launch, expand, and guide your company forward.

The key is to hone in on the right resources so you can maximize your underlying skills, talents, and ideas. Where will you begin?

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