5 Must-Have Tools for Entrepreneurs

In today’s tech-based society, most budding start-ups are finding their footing in the digital world. The internet has gifted entrepreneurs with a wave of helpful tools that make connecting with collaborators, storing data, and developing new ideas easier than ever before.


If you’re looking to add some new virtual gadgets to your company’s toolbox, read on for five must-have tools for entrepreneurs.


#1: Dropbox

Dropbox is an essential tool for any business owner who requires a large amount of storage on a daily basis. If your company is working with a high volume of photos, videos, and documents that simply can’t fit on your computer (or even an external hard drive), Dropbox is going to be your savior.


Dropbox is a cloud-based storage service that saves all your files without taking up space on your computer. Not only is this a great storage tool, but it also gives your entire team access to the same network of files at once. Ditch the mass emails and shared USB drives, and get everyone on the same page by jumping on the cloud train (choo, choo!).


#2: LinkedIn

If you’re not on LinkedIn yet, it’s time to catch up. So much of modern life exists on social media, and whether you love it or hate it, it’s here to stay. LinkedIn is a great tool, helping you perform the following actions (and more):


  • Connecting with other entrepreneurs
  • Posting job listings
  • Keeping up to date with competitors
  • Direct-messaging potential employees, clients, and mentors


LinkedIn is unmatched by any other social media platform in terms of networking and job creation, helping you stay connected to the professional world with ease. Don’t be afraid to branch out and embrace the use of social media in building your empire.

#3: Wealth Management Services

Financial guidance is important when starting your own business. If you’re on the creative end of things, there’s a good chance you don’t have a degree in finance—but that’s okay! These days, it’s easier than ever to connect with wealth management services online.


Financial planning software has advanced so much in the last few years, and wealth management companies can now use reliable algorithms to gather data, calculate risk, and determine the best financial decisions for your company.


#4: Slack

If you’re tired of drafting a formal email anytime you want to ask your coworker a simple question, then you need Slack. Slack is a work-based messaging app that allows you to connect with your team in an efficient (and often fun) manner. The Slack interface resembles other popular messaging services and apps, like WhatsApp and Facebook Messenger, which makes it easy to adopt into your daily routine.


It’s 2020—there’s no reason you shouldn’t be able to communicate swiftly and efficiently with your staff. Save the emails for the serious matters and transition your daily exchanges over to Slack.


#5: Upwork

If your business is in its early stages, you’re probably more inclined to bring freelancers onto your team as opposed to full-time employees. Full-time employment can be costly for a small company because it requires you to provide benefits like:


  • Health Insurance
  • Pensions
  • Matching 401k
  • Paid vacation time


And while this is a great employment model to strive for, it may not be feasible for a start-up or an independent entrepreneur seeking some extra help. That’s where Upwork comes in.


Upwork is a website that connects freelancers with employers looking to hire. This is a handy tool because it focuses solely on freelance work, which will streamline the hiring process and ensure you only get applicants who are interested in this type of opportunity.


With COVID-19 creating a massive shift towards remote work, Upwork is also a great tool for connecting with applicants via the web and creating a system of remote employees for your business.


Just the Tip of the Iceberg

When it comes to digital tools, the professional world can’t seem to get enough. Every year, tech innovators provide entrepreneurs with brand-new instruments to make running a business easier than ever, so it’s safe to say this list won’t stop growing any time soon.


Don’t be afraid to research even more ways to advance your budding business. Making your dreams a reality might be just one click away.


Sudarsan Chakraborty is a professional writer. He contributes to many high-quality blogs. He loves to write on various topics.