January 15, 2022

Mimo Varila

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Business Tools You Must Know

Running a company is a difficult task in and of itself. When you’re running on your own, you’ve got to nail everything. You must be aware of all procedures. Every aspect of your business must reflect you. Are you seeking business tools? Today, we’ll walk you through these great business tools.

When doing business, there are so many boxes to check. It’s challenging but not impossible to overcome. These instruments are quick and precise, and you’ll also require them because accurate preparation is critical in this situation!

Let’s take a look at each of these business tools individually.

BizPlanBuilder

Are you looking for an effective strategy to present your profile to investors? BizPlanBuilder facilitates the correct presentation of your business plan to investors. 

Because they have industry-specific layouts, they’re one of the most popular options on this list. Large PDFs and documents should not be shared. Instead, use the navigation to present your plan.

Financial data from different finance software can be readily imported. Conduct exact calculations, immaculate cost analysis, budget sheets, graphs, and charts, among other things. BizPlanBuilder is a reliable business solution that makes collaboration a breeze.

Features

  • You can plan your company using industry-specific templates.
  • Collaborations between individuals and groups
  • Make an impact on potential investors by effectively presenting your company concepts.
  • FAQ sites, technical support, and video lessons are all available.

Why BizPlanBuilder?

  • Stunning visuals
  • Templates that you may drag and drop.
  • Presentations with depth
  • Templates tailored to the industry
  • Collaborative projects for teams that aren’t as difficult

Reasons for avoiding it

  • On the phone, no one is available.
  • Free trials are not permitted.
  • It’s a pain to export PDFs.

Enloop

Thanks to Enloop’s Autowrite feature and performance scorer, everything is different now. Their easy-to-follow navigation system makes it simple to plan ahead of time. You might come up with some suggestions. 

However, you may be missing out on the financial implications of such an idea. Don’t worry. Enloop will assist you in accomplishing your goals.

What are the advantages of using Enloop?

  • TextSync and Autowrite are two fantastic features for creating company plans.
  • With 16 distinct ratios, you can learn about your company’s financial health.
  • Use performance scorers ranging from 0 to 100 to motivate oneself to fulfill a plan.
  • Numerous monetary symbols and number formatting
  • There are multiple business templates available.
  • Enloop’s user interface is sleek and modern.
  • The financial ratios have been thoroughly described.
  • Obtain access to company reports
  • Provides a free 7-day trial period.
  • All of the premium plans are reasonably priced.

Why should you avoid Enloop?

  • Enloop has limited educational resources
  • Customer support is similarly restricted.

GoSmallBiz

On this website, you can easily create a business plan. Create what you need in seconds with hundreds of industry-standard templates on GoSmallBiz. Additionally, their online calendar management system is fantastic.

It’s never been easy to plan events and gatherings. It appears that creating intelligent reports from financial and non-financial data is quite simple here.

Are you a first-time business owner with no prior experience in the field? Don’t be concerned; this business tool will assist you in gaining a great deal of knowledge. You can get business classes, weekly updates, and coaching from the site itself.

But here’s the thing: it offers Customer Relationship Management in addition to its standard business plan software (CRM). Furthermore, you will find commercial and legal solutions in the book.

Why choose GoSmallBiz?

  • Business templates for specific industries (almost 100 of them)
  • Financial metrics-based reporting that is insightful
  • Platform integration with social media
  • Videos with educational content
  • Mentoring and business consultations are available at no cost.
  • You can receive your money back within 30 days.
  • CRM (customer relationship management) software is a program that allows you to manage your client relationships.
  • Documents concerning the law
  • Reports about your business and finances that are customized to your requirements

iPlanner

This is an older version of a business tool. For the past 14 years, they’ve been around. This software can even be used to manage projects!

This one stands out since it allows you to manage risks, track your progress and finances, and collaborate in real time.

Why should you use iPlanner?

  • Business plan templates that work
  • Every step of the way, help in beginning a business.
  • Templates and financial forecasts
  • Dropbox integration with Microsoft Office
  • Expert mentors provide one-on-one help
  • Data backup to the cloud regularly
  • Using industry-specific templates, create unique business plans.
  • Meetings with experts

Maus Masterplan

Maus is a fantastic planning tool developed in Australia. It has a highly accurate, completely automated financial calculator. They serve around 60 thousand customers worldwide.

With Maus Masterplan, it’s simple to build market segmentation. Your company plans are immediately accessible to your coworkers, and you’ll be able to develop and implement strategies for individual consumer groups in this manner.

So, what are the advantages of Maus Masterplan?

  • Using a step-by-step wizard, create whole strategic planning procedures.
  • A 5-year prediction is possible with this business tool.
  • Establish financial budgets and cash flow projections.
  • Large market segmentation customized
  • Collaboration is simplified.
  • Very simple to use.
  • Using automated action, keep the entire team on track.
  • Exquisite graphs and charts, as well as comprehensive reports

Let’s take a look at why you might wish to avoid Maus –

  • There are real-time failures, and software upgrades are required to repair flaws.
  • Its pricing approach is difficult to afford for small firms and startups.

The Business Plan Shop

This is without a doubt one of the best business plan generators available. A business strategy that is simple yet effective lasts longer, and this is one of the reasons why this platform is so great.

You receive a clean design and a user-friendly UI if you subscribe to this. The Business Plan Shop offers financial estimates for the next three years.

Let’s have a look at why this platform would be ideal for your company 

  • Get examples as well as a step-by-step guidance method.
  • Data can be exported to MS Word and PDF.
  • Analyzing credit
  • Analysis of the breakeven point
  • Better data analysis with graphs and charts
  • Monetary evaluation
  • Very simple to use
  • For improved company planning, section-by-section guidelines are available.
  • Data protection is both powerful and efficient.
  • Great instructional material.
  • The price is reasonable.

nTask

When it comes to business planning software, this one exceeds expectations. Get incredible features that set it apart from the competition. With nTask, you can manage your timeline and set task dependencies.

Let’s have a look at nTask’s features before moving on.

  • There’s only one app for all your multitasking needs with several workspaces and projects.
  • With many teams, project collaboration is now a breeze.
  • You can create, organize, allocate, and manage an endless number of tasks.
  • Keep track of and resolve problems.
  • Time tracking and timesheet management modules
  • Create budgets, obtain financial reports, and keep track of billable and non-billable projects.
  • Use interactive Gantt charts for better data visualization.
  • Stakeholders might be invited to review results and business plans.
  • Zapier, Zoom, Slack, Google Calendar, and Outlook Calendar are all examples of apps that can be integrated.

          Why nTask?

  • A comprehensive project management suite
  • Convene and manage business meetings
  • Bring together all of your teams and their members in one location.

IdeaBuddy

This business tool is your “friend” if you want to pitch for money, and it’s one of the more influential business tools on the market. IdeaBuddy may assist you in developing a company plan based on genuine insights and tried-and-true business concepts.

Ideabuddy assists you in determining all aspects of a business plan. That kind of guidance is unrivaled.

But what makes IdeaBuddy different from the rest?

  • Make the best business strategy you can and jot down ideas.
  • A step-by-step guide to completing your business plan.
  • Don’t worry if you’re not a math whiz; the platform will handle everything for you.
  • Following the completion of stage-by-stage planning, automatic business plans are generated.
  • Complete the required financial information and obtain financial projections.
  • Templates in a wide variety
  • The user interface has a lovely and appealing appearance.
  • This is an excellent step-by-step instruction manual.

Cuttles

Cuttles is unlike any other platform for startups. It is simple, quick, and easy to use. It also generates stunning presentations, which is exactly what the investors wanted.

Let’s look at why you should choose Cuttles over the competition.

  • Cuttles’ guided Pitch tool allows you to make a business canvas.
  • Create outstanding business presentations to persuade your clients, colleagues, and potential investors.
  • Project management and structural design
  • UI that is easy to use
  • Financials in an instant with just one click
  • Guidance within the app is now simpler, faster, and more accurate.

Let’s have a look at how they’ve priced their services 

  • The Dreamer Plan, which costs €15 a month, is available to young entrepreneurs.
  • The monthly cost of a startup plan is approximately €30.
  • Also available are unlimited options for €50 per month.

PlanGuru

PlanGuru is one of the top business tools for financial planning. There are no risks of data loss because it is cloud-based software. It also contains 20+ insider forecasting methodologies, allowing you to construct financial estimates for up to ten years.

You can track who is on your team and what they produce. Every team member should be taught how to be accountable to the organization. Set goals for yourself and keep track of your development over time. You may also do in-depth financial and budgetary studies using PlanGuru.

What are the benefits of using PlanGuru?

  • Up to ten-year financial forecasts
  • There are more than 20 systems for predicting that have been standardized.
  • Tools for reporting with a dashboard to keep an eye on things.
  • Using the formula builder, create custom methods.
  • Obtain key performance indicators (KPIs) as well as ratios.
  • Excel, Xero, and Quickbooks work together flawlessly.
  • Customer service is available in the United States.
  • Study resources, video tutorials, and guides for business advancement are all available.
  • Budgeting tool with a lot of specifics
  • After the 14-day trial period, a 30-day refund period begins.

Here are some reasons why you might want to give it a pass 

  • You’re not even able to scribble fundamental company strategies.
  • No templates are available.
  • This isn’t the place for you if you don’t understand your finances.
  • Additional users are pretty pricey.

Bizplan

This one will assist you in making a better pitch to investors. Bizplan is more suitable for technology startups, and Bizplan resembles modern website builders in its drag-and-drop components. It’s easier to stay on top of daily business demands if you’re effective and simple.

The educational section of Bizplan is fantastic. You’ll be able to learn and upskill your workers as well! Your team may learn how to explore new options with over 600 in-depth video training available.

Here’s a rundown of Bizplan’s features:

  • Drag-and-drop templates help you create a better business plan.
  • All financials can be tracked in one location with a financial command center.
  • On fundable.com, build an easy-to-access facility for possible investors.
  • Accounts can be used in as many partnerships as you choose.
  • Expert guidance, manuals, master classes, and online classes are just a few of the resources available.
  • You have complete control over who has access to internal communications and who can comment on them.

Advantages

  • Exceptionally user-friendly
  • Exceptional study materials to help you stay on top of your game.
  • Obtain access to starting resources.
  • One of the top accounting software integration tools
  • Pricing for a lifetime

Disadvantages

  • There aren’t any free trials to be found.
  • The use of mobile devices is not permitted.
  • There are no templates available that are particular to the industry.
  • It is possible to automate an unlimited number of financial projections.

Business Plan Pro

Business Plan Pro provides outstanding customer and technical support. With a great business plan, you’ll be able to impress investors. Create beautiful presentations with the use of excellent financing tools and clear directions.

From a selection of 500 templates, pick your favorite. Furthermore, these samples are made following industry best practices. Use these templates to get bank loan approvals.

It’s never been easier to convert all of your data to PDFs. You can also export business plans to Excel, PowerPoint, Microsoft Word, and other formats.

Why choose them?

  • There are over 500 business templates available.
  • Financial statements with built-in formulas
  • You may create visually appealing forecasts with a drag-and-drop graphic forecaster tool.
  • Quickbooks data is being imported.
  • Data can be exported to Microsoft PowerPoint, Excel, and Word.
  • 60-day refund guarantee from one of the most excellent business tools with responsive tech support and customer service.

Business Sorter

This cloud-based platform now allows you to generate and manage your content. Goods and services, operations, the human aspect, brand, sales, and finance are the six major areas businesses must consider. Using a unique 273 card sort mechanism, keep track of every area of your organization.

Plan your business with the cards you already have, or add your own. Organize your ideas and thoughts to stay on top of every business move.

So, what are the benefits of using Business Sorter?

  • A card-based business planning system is possible with 273 business cards.
  • Additional facts and built-in suggestions
  • You may access your data from a variety of devices.
  • Assign assignments with precision and collaborate with your entire team.
  • Your info is kept safe.
  • Software upgrades are always free.
  • Users can be added in any number of ways.
  • 14-day trial period in business

Project Management Tools

Project management software is invaluable if you’re trying to keep numerous balls in the air. Essentially, these apps allow you to keep track of your activities, appointments, and deadlines in a digital format (as opposed to having to do so manually).

These apps can provide reminders for upcoming activities and events, such as when and where your next meeting will occur.

These technologies can also send comparable reminders to other team members, ensuring that everyone knows what is expected and when.

Trello is one of our favorite project management tools.

Advantages

  • They have a simple cost structure that allows you to invite an infinite number of people and create boards, cards, and lists.
  • It’s cross-platform compatible and mobile-friendly.

Disadvantages

  • You’ll be limited to a 10MB file upload limit per attachment if you’re a primary member.
  • Data backup worries – you won’t be able to import your data back into Trello in a disaster or data loss. (You may prevent this risk by using the Rewind Backups for Trello Power-Up.)

E-Signature Tools

When you and others need to sign contracts or agreements, e-signature technologies come in helpful. You upload your documents, enter the email addresses of people who need to sign them and deliver the documents directly to the recipient’s inboxes.

Paperless (and thus ecologically friendly) e-signature technologies are a viable choice. Most e-signature software lets you set signature due dates and send reminders to anyone who hasn’t signed yet. They also facilitate work settings that are geographically dispersed and remote.

DocuSign is one of the greatest and most widely used electronic signature platforms.

Advantages

  • Option to delegate and supervise all document signing operations and users with the usage of an administrator.
  • Task-specific signature groupings

Disadvantages

  • It’s a tad costly, especially considering Adobe’s free signature function.
  • The tool’s response time is poor, and setting it up across a large company with many users is challenging.

Email Marketing

It’s quick and straightforward to keep your email subscribers up to date on the newest developments in your business, as well as any special offers or campaigns you’re running with digital email marketing platforms.

Many of these programs also allow you to have a regular email newsletter sent to your social media networks automatically generated, so you don’t have to do it yourself.

MailChimp is a popular name in the email marketing industry.

Advantages

  • A/B testing and highly focused user segmentation are also possible.
  • Campaign metrics and analytics data at the granular level.

Disadvantages

  • Occasionally, Gmail recipients do not receive emails or wind up in their Trash folder.
  • As the audience grows, it becomes more expensive.

Customer Relationship Management (CRM)

CRM software is a must-have business tool for small firms. You can track, manage, and measure all aspects of your customer contacts and outreach from a single spot.

It can tell you who is getting, opening, and reading your emails, as well as who is coming to your website. It can also alert you if you haven’t communicated with a high-value client in a long time.

CRM software analyzes the data it collects to provide you with regular “temperature checks” on your relationships and might suggest the next steps for engagement.

HubSpot is a helpful tool for staying on your consumers’ minds.

HR Management

Most small businesses cannot afford a full-time human resources administrator, let alone a part-time one. HR management software manages everything from payroll to shift schedules to critical company warnings.

GoCo is a well-known leader in this industry.

Advantages 

  • Small firms that require payroll software with rudimentary HR assistance can benefit from this solution.
  • Customer assistance that is both friendly and timely.

Disadvantages

  • Fees are a little on the high side.
  • There is no mobile app.

Conclusion

This isn’t an exhaustive list of small business tools. Naturally, the digital technology you choose to invest in will be determined by the size of your firm, its maturity, the industry in which you operate, and your budget.

However, the value you’ll get from these tools can’t be overstated because of their capacity to automate ensuring less time and effort that goes into monotonous chores.

They can also assist you in meeting the necessity or desire for people to do their work and manage their businesses remotely in a post-pandemic society.

Hence, these are some of the business tools you must know in 2022. Know them and go for the one as per your requirements.

Mimo Varila

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