When Iliya Rezvine first started his transportation business, he had to be comfortable living without a salary.
Iliya runs Northeast Metro Ambulance, a transportation company based in South Jersey. He’s been able to scale his company from just one car to a fleet of 40, and they’ve reached an operational efficiency that allows them to transport 24 hours a day, seven days a week. Like for many small business owners, the journey wasn’t easy.
For the first few years, Iliya told us, he had to pour a lot of money in to grow the business. “The owner doesn’t take home a lot. Sometimes it’s nothing.” Iliya is not alone—77% of small business owners rely on personal savings to get their business started.
When you’re starting a business on your own back, every penny counts. You need to tighten processes and be on the lookout to increase efficiency so that you can get more done with less. A large part of that depends on you picking the right software for your business.
Here’s the essential stack for saving you time and money, so you can focus on what you really want to be doing: building your business.
1. A Product Management Tool
When your business is just a few people, all information is just a shoulder tap away. You can ask Jen the status of the reports she’s working on, or Dan for that one client email you need. As your business grows, however, it becomes harder to keep track of all ongoing projects. You’re not sure who to ask for what, and even the smallest task turns into a quest for information.
Many small businesses end up creating a ceiling for their efficiency because of knowledge hoarding—when individuals become gatekeepers of information that’s critical for others to do their jobs well. You can counteract this with project management software that centralizes all projects and tasks in one place.
Manage Projects in One Place Using Teamwork Projects
Teamwork Projects centralizes all your projects in one place. The software revolves around tasks, which are visible from one dashboard that everyone on your team can look at. You can assign or leave tasks open to members of the team to pick up and assign themselves. Once tasks are in progress, you can see how far along they are and which members on your team are collaborating on them.