New companies need more than money to get off the ground. In addition to capital and enterprising people with unique ideas, startups need technology. It’s an undeniable fact in the computer age that no entity can be successful without a collection of must have tech programs, apps, appliances and devices. Whether the technology is for tax planning, acquiring new customers, creating accurate budgets, managing the debt load or anything else, there’s just no replacement for all the non-human appendages to the modern business. Of all the choices new owners have, the following items are among the most popular and common versions that smaller organizations opt for when they get ready to open their doors and earn a profit.
Tax Apps
Some of the newer tax applications are quite sophisticated and let anyone get a handle on debt to Uncle Sam. Even business owners who don’t owe any tax appreciate the seamless capability of modern taxation programs. Gone are the old days of having to figure your business taxes by slicing and dicing hundreds of pieces of data. Even in the early part of the computer age, when automated tax systems were new, it still took hours to fill out even a basic business or corporate return. Now, free apps can do most of the heavy lifting at tax time, but if you want all the bells and whistles for your corporate tax filing, and for planning functions as well, you can purchase a fully operative program for less than $50.
Debt-Management Software
Having debt-management software means you can get automated assistance with questions like, “How soon should I pay off this loan,” or “When is the right time to refinance or office building?” In fact, refinancing student loans is one of the most common approaches sole proprietors use to cover startup expenses for their entities. In addition to saving money, they reap the benefits of lower monthly payments, more time to pay and lower interest rates. When using a trusted loan company, along with your own debt-management software, you can easily find the capital you need to sustain a profitable operation.
Advanced Spreadsheets
Today’s spreadsheets are almost like financial assistants. That’s how powerful they are. Startups, in particular, can take advantage of some of the newer versions of financial spreadsheets designed especially for small-scale entrepreneurs. Following monthly expenses and income is never a problem for startup owners who know their way around common financial-planning tools like spreadsheets.
Customer Relationship Management Programs
The top-selling software products for startup firms are what retailers call CRM programs. Customer Relationship Management apps do a ton of work. Not only can they help you track customer spending and return habits, they also have the power to show you how to keep the customers you already have and acquire new ones.
Cyber Security Apps
Every small company needs cyber security tools like some new apps that are either free or low priced. What can these magical bits of code do? For starters, they can deter hackers. They also have the ability to alert you to attempted hijackings, unauthorized use of company credit cards and much more.