For small business owners, just about everything comes down to profitability. Small businesses typically operate on a tight budget, small margins, and only the absolute necessities. As such, every new purchase must be chosen extremely carefully.
Many of these purchases come in the form of tech tools to help your business run more efficiently. When it comes to tech tools, there’s a lot out there. So many, in fact, that it can feel a bit impossible to discern which work, which don’t, and which are worth investing in. It’s a challenge that most small businesses face.
If you’re looking for a little guidance when it comes to your tech tool arsenal, we’re here to help. Read on to learn our 3 favorite tech tools worth the investment for your business.
1. A Password Manager
As a business owner, you probably know that one of your first priorities is protecting your business. Not only must you protect your property, employees, and intellectual property, but you also must protect your accounts and data. The best way to do so is with a password manager.
A password manager is a tool that’s used to keep a safe and secure record of all of your passwords. This cybersecurity tool is important for so many reasons. For one, it minimizes opportunities for your passwords to be discovered in the event that your computers are hacked or stolen. It also creates an easy way for passwords to be shared among employees without needing to write down the passwords or send via email. Finally, it remembers all your passwords for you, allowing you to create extremely complex, randomized passwords without fear of being unable to remember them.
2. A Project Management Tool
Whether your small business is just you, or you have a full roster of employees, a project management tool is a must.
Project management tools combine calendars, task lists, file storage, team communication, and more into one convenient and easy-to-use software. Not only do they allow your team to stay on top of deadliness, collaborate, discuss relevant questions, and trade files all in one place, but they also allow you to easily track progress and stay on top of the countless projects in your company.
When searching for a project management tool, start by listing out the capabilities and functions of your ideal tool. Which capabilities does it offer you? Which does it offer your employees? Which teams will utilize it and how?
Next, seek out a software that hits as many of your must-haves as possible. Ensure that its user interface makes sense to your team and will work for your needs. Finally, work with salespeople to find a price that works for both parties.
3. A News Aggregator
Business owners don’t only need to stay on top of what’s happening now, they need to keep an eye on what’s next, too. To be an effective business owner, you need to be the visionary for your company. You must keep abreast of trends in your industry in order to remain relevant and cutting edge. It’s your responsibility to always be planning for the future.
It can be totally overwhelming to try to keep up with the ever-changing news cycle, no matter your industry. The good news is, there’s a tool for that!
A news aggregator is a great way to stay up-to-date with happenings in your field of business. By simply entering a few keywords for news that you’re interested in and choosing from a list of topics, you can receive a customized daily news digest each and every day.
The best thing about a news aggregator is that your interests can be as broad or as niche as possible. You can search for a common topic like “Marketing News”, or an extremely specific one like “Property and Casualty News.” Your new tool will scour the web to deliver any relevant results directly to you.
There are simply so many tech tools out there, it can be hard to discern the useful from the useless. By investing in these 3 tech tools, you can rest easy that the investment was worth it.