Unlikely as it may seem, small businesses and big challenges go hand in hand. From cash flow to compliance, and from staffing to product-market fit, entrepreneurs lose sleep over so many factors that impact the very survival of their business. No wonder half of their ventures close shop by the fifth year and only a third make it to their 10th anniversary.
Given the high failure rate and intense competition in just about any industry, business success pretty much depends on having the right business tools at the onset. Without the appropriate tools and a comprehensive technology stack, small business owners run their companies at a serious handicap.
That’s because business tools, such as automation and analytics, perform much of the heavy lifting businesses need to thrive, which, in turn, frees entrepreneurs to focus on core strengths and providing better value to their customers. Bottomline: if customers feel you are not focusing on them, they’ll focus their attention on other vendors/brands instead.
As you might expect, not all tools are created equal. A specific solution might be good for a particular business model, company size, or industry, but might prove inadequate, even in slightly different scenarios. To help you select the best ones for your company, here’s a round-up of the tools we think are the best options for growing and scaling small businesses: