Essential Tech Tools Every Entrepreneur Needs to Thrive

Last Updated: October 2, 2022
Tech tools are a must in the current business landscape. While some are extremely helpful, others can hinder business operations. This article is all about choosing the right tech essentials to help your business thrive.
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In a world where business and technology are intertwined, it’s obvious that no company, regardless of its size, industry, or niche, can succeed without embracing tech advances and tools.

Businesses today rely on a wide range of tech equipment and digital solutions to run their daily operations and keep up with an ever-changing environment. 

It can’t be denied that technology can make life infinitely easier for entrepreneurs by taking some of the load off their shoulders and helping them save time and money.

Cumbersome and time-consuming tasks such as managing projects and inventory, staying on top of emails, keeping track of finances, recruiting, measuring results, and so on can be automated with the right tech solutions, leading to streamlined business processes and workflows. 

It’s therefore essential for entrepreneurs to know which tools they should employ in order to boost their business and keep ahead of the game. But with so many options available on the market at the moment, it can be rather difficult for them to figure out which of these tools are actually worth investing in and which are just a waste of time and resources. 

So, we’ve compiled a list of must-have tech tools for busy entrepreneurs and digital nomads alike to take the guesswork out of the equation and help you avoid a lengthy trial-and-error process.  

Content Management System

Although it may be hard to believe, in a time when digitalization is all around us, there are still business owners who seem to think that having a website is not relevant to them.

Some entrepreneurs simply fail to understand how a professional website could make a difference to their business, especially if they’re already making a nice profit, so they limit themselves to a brick-and-mortar establishment. Others equate having an online presence with creating one or more social media accounts

CMS

None of these options is enough to run a successful business in 2022. If you really want your company to thrive, you need to set up an effective website for your business. Most customers won’t even consider purchasing from a business if it doesn’t have an official website where they can find information about the company, its products, or services.

That’s where content management systems come into play to help you create a unique and highly-appealing website for your customers. Using a CMS tool to build and manage your site is extremely easy, even if you have very little technical knowledge. Besides, it’s a lot cheaper than hiring a team of IT experts to build your site, and the results will not disappoint.  

Project Management Tool

If you’re running multiple projects at the same time, you already know how difficult it can be to keep track of tasks, deadlines, resources, and so on. Even if you only manage only one project at a time, the complexities of the process can lead to a tangled web of responsibilities, budgeting issues, miscommunication, and other problems that may arise along the way. 

The bottom line is project management is really challenging. But it can be less demanding if you have a project management tool to help you out. Apps and software such as Trello can support your project management efforts by helping you stay on top of schedules, appointments, tasks, objectives, results, and all other elements that go into running a successful project. They’ll also ensure all team members are on the same page, preventing miscommunication and reducing the risk of losing sight of important project-related aspects. 

HR Management 

Employees are one of the most important assets a business can have, so the way you manage your human resources plays a key role in your company’s success. If you’re a small business owner and you don’t have a dedicated HR department to manage aspects such as recruiting, training, performance evaluation, payroll, and other employee-related activities, and this task falls entirely on your shoulders, using HR management software can save you a lot of time and trouble. 

An HR management system can help you streamline a series of processes such as attracting and retaining the right talent, collecting and maintaining accurate employee-related data, payroll, attendance monitoring, compliance management, etc. This can lead to higher employee engagement and greater efficiency and productivity.  

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Timesheet Software 

Time is a crucial business resource, and one that very few entrepreneurs know how to manage properly. From project deadlines to training, billing, and employees’ schedules, everything has to do with time. Every business task has to be completed on time, following a strict schedule, or else you can lose customers and money.  

For all your timekeeping and billing requirements you can use online Timesheet Portal software. This way, you can accurately track employee hours, automatically calculate overtime shifts, or bill your clients on time, so you can simplify the process of managing your budget and employee time. What’s more, you can do that while you’re on the move, so you don’t have to be physically present on company premises. 

Accounting Software 

Contrary to common belief, not all entrepreneurs are great with numbers, although their whole activity revolves around figures, statistics, and hard data. So, what can you do if your math skills are below average and you don’t want to let some rookie mistakes ruin your business? The most obvious answer is to hire an accountant. 

But what if you can’t afford an accountant just yet or if you already have one but need further support to help you stay on top of business figures? Then you’ll need accounting software to make your job easier and help you make sense of all those numbers. Accounting software can provide accurate financial insights, reducing the risk of human error and helping you manage your finances effectively.    

Other Tech Tools Worth Mentioning

Apart from the tools we’ve already mentioned, there are many other tech solutions that your business can benefit from, depending on your specific requirements. Some of the most noteworthy tools include:

  • Communication and collaboration software – such as Zoom, Microsoft Office 365, or Slack 
  • Social media scheduling tools – such as Sprout or Hootsuite
  • Email marketing software – Sendinblue or Mailchimp are good options 
  • Data backup – NovaBackup or Acronis are worth considering

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Written by Allison Langstone

Allison produces content for a business SAAS but also contributes to EarthWeb frequently, using her knowledge of both business and technology to bring a unique angle to the site.