Being an entrepreneur means time is your most precious resource. Time is spent on networking, meeting potential partners, attending local events and conferences, brainstorming new ideas, planning, creating content, delegating tasks to employees, bookkeeping, accounting, and more. That’s why it is so important to have essential tools that save you time. This post shares free tools that can boost productivity for any entrepreneur.

A great quote from a great man is, “The entrepreneurs of today are the job creators of tomorrow” that’s why most of the entrepreneurs use the essential tools to create new business ideas and operate them properly. Most of the list of tools for entrepreneurs share a common purpose they help you to manage your business.

Essential Business Tools for Entrepreneurs

Whether you’re just beginning your business or you plan to scale your company, you will need a little bit of help. It’s important to do your research, hire the right people, and use the right business tools to get you and your business to where you want to be. With many small business tools available, it can be difficult to know where to start. We’ve compiled a list of the top essential business tools for entrepreneurs to help you and your business succeed!

Online Business Loans

Believe it or not, you don’t have to have all the funds yourself to expand and grow your business. Once you’ve been up and running for at least six months and you see success, you might need to invest money back into it to take it to the next level.

You can use a loan to buy a storefront, hire crucial employees, or even purchase the new equipment that your company needs. Business Loans don’t have to just be from a national bank with the traditional wait time. Consider the option of a business loan with an online lender to start the process right from your home. Online lenders offer a quicker approval process, which means you’ll be able to grow your business as soon as possible!

Trello Project Management

As your business grows, keeping your projects managed can become increasingly difficult. Things can get a bit chaotic when multiple tasks need to be done in a certain time frame, and there is no way to properly track and manage what needs to be accomplished. You’ll want to use a project management tool to stay on top of everything. Trello is a great free business tool for entrepreneurs to utilize to stay organized and on task with projects and their due dates.

Trello will be a fantastic asset to your team once you learn how to navigate the useful tool. Take the time to learn the software as it allows you to input tasks and projects and their coinciding due dates, as well as assign each task to the right person. You can also tag your coworkers directly in Trello whenever you’re working on something or reviewing a project someone else completed.

Slack Communication Platform

Communication is key, and that goes for running a successful business as well. Not only can you utilize emailing and phone calls, but you should also use a communication platform to communicate with your employees, as well as your clients. Consider making Slack the main source of communication for your workforce.

Slack is easy to use, and you can not only chat but also video chat when necessary. Slack also allows you to share your screen and collaborate with your coworkers if needed when on a video call. You can designate specific slack channels for each department or client to make it easy to keep track of every important conversation or even direct message to one individual.

Google Drive

Another great tool for small business owners and their employees is Google Drive. Google Drive doubles as free cloud storage for all of your documents, presentations, spreadsheets, and other files. Google Drive makes it simple for your team to collaborate on documents and projects and keeps it in a safe place.

You won’t have to worry about your computer crashing and losing all of your files and documents when you keep everything stored in your drive. There is also the perk of having everything stored in one place regardless of what device you’re on, whether you’re in the office or remote.

Entrepreneur Scan App

For many small business owners, their business’s success will depend on their knowledge and craft. Therefore, the person behind the business is what impacts the success and development of a company. This is something entrepreneurs should think about before diving headfirst into a new business.

E-Scan is a great resource that helps entrepreneurs gain access to more information on entrepreneurship and utilize software to help their business be the best it can be. In addition, there is even a marketing tool for coaches of entrepreneurs to attract and support potential customers. 

Time Management Tools

Entrepreneurs need a system for delivering their promises to their valued customers. Many small business owners are focused on selling their products and services. They should, of course. However, once the sale is sealed, the real challenge begins. How to ensure their customers get what they ordered, on time, in the manner they expect.

Moreover, how to surprise their customers by giving them something they didn’t expect yet highly appreciate. It means business owners should deploy a managerial thinking style. If not, and most firm owners are more likely to have a pioneer and salesperson thinking style, they need to create a system. A process of producing, distributing, and servicing their products and services.

Accounting

The Tide platform not only offers business accounts and related banking services, but also a comprehensive set of highly connected admin tools for businesses, notably offering full integration with accounting systems. Using advanced technology, all solutions are designed with SMEs in mind.

Xero is an easy-to-use platform for small businesses that connects entrepreneurs to all things business. The app provides its 2M subscribers with connections to a thriving ecosystem of 800 third-party apps and 200 connections to banks and financial service providers.

Part of the Intuit software suite for accounting and tax professionals, QuickBooks Online is a solution that provides business owners with reliable accounting services giving founders more time to focus on their core business activities.

FreshBooks is designed for entrepreneurs who wish to apply their time and expertise to other people’s problems. The software provides extraordinary customer service and helps companies save time to fully dedicate themselves to their passion and entrepreneurial adventure.

Expensify is a receipt tracking and expense management app that helps you manage company expenses. Whether you’re working for yourself, managing a team, or closing the books for your clients, Expensify helps you ditch the spreadsheet so you have more time to focus on what matters. Read also tools to keep on top of taxes

Human Resources

Founded in 2005, Workday delivers financial management, human capital management, and analytics apps for the world’s largest companies, educational institutions, and government agencies.

BambooHR is an intuitive, affordable, and cloud-based way for growing companies to manage essential employee information in a personalized Human Resources Information System (HRIS). Its software sets the HR department free to do better work outside of admin and data protection allowing them and the entire organization to be more strategic and productive.

Communication and collaboration

Slack is an increasingly ubiquitous hub that brings people, data, and apps together in one place. It is a single platform where people can communicate, collaborate, find and share important information, as well as access endless critical apps and services to be able to work at their very best.

Stride helps people who work for themselves to save both time and money. The app provides software and services to help entrepreneurs deal with things like health insurance and tax so they can focus on moving their business forward, faster.

Skype for Business is available anytime and anywhere and provides teams with instant messaging, video, and conference calls.

The GoToMeeting app enables users to instantly join, host, or manage a video, audio, or web meeting from anywhere and any device. It also helps create a meeting space quickly and easily, and to turn online events into engaging experiences.

Fuze is a global cloud communications and collaboration software platform designed for business. With an innovative and consumer-inspired unified experience, Fuze enables a seamless transition between voice, video, messaging, and content sharing.

Zoom helps businesses bring their teams together in a frictionless environment to get more done. This easy, reliable cloud platform enables video, phone, content sharing, and chat and works across mobile devices, desktops, telephones, and room systems.

Qwil Messenger makes chat safer and compliant between staff, clients, and partners. The app is a cloud-native chat platform that connects clients and employees of multiple firms and their brands globally. Their mobile and web app powers confidential conversations ensuring each user’s identity is verified & trusted, and their privacy is maintained. The business data generated is protected and hosted in the required GDPR & MiFID II jurisdictions.

Productivity and project management

Created by Microsoft, Office365 is a productivity cloud that combines best-in-class productivity apps with intelligent cloud services and helps you to transform the way you and your teams work.

Generated by Google Cloud, G Suite includes everything you need to be productive, do your best work, and comes together in one package that works seamlessly from any computer, phone, or tablet.

Basecamp solves the critical problems that every growing business deals with. It’s the logical, calm, and organized way to manage projects and communicate across your company.

Trello is a visual collaboration tool that helps create a shared dashboard for all projects. Trello’s boards, lists, and cards enable entrepreneurs and team members to organize and prioritize work and personal lives in a fun, flexible, and rewarding way.

Asana helps teams organize and manage all of their work, from small projects to strategic initiatives. Teams and managers rely on Asana to manage everything from company objectives and digital transformation to product launches and marketing campaigns.

monday.com is a cloud-based Work OS, where teams can quickly create workflow apps to run their processes, projects, and day-to-day work. Teams shape their workflows and projects with a platform that adapts to shifting needs quickly, liberating workers from laborious manual work, and connecting staff in a collaborative workspace.

Microsoft To-Do helps generate lists, tasks & reminders whether you want to increase your productivity, decrease your stress levels, or just free up some headspace. Microsoft To-Do makes it easy to plan your day, manage your life and stay on top of the tasks at hand.

ProofHub enables users to stay in control of their projects, remote teams, and clients even on the go. It is a SaaS-based project management software that fits perfectly in every work culture as it solves four major challenges: planning, collaboration, organization, and delivering them on time.

Milanote is an easy tool to organize ideas and projects into visual boards, simplified by a flexible drag and drop interface that let team members arrange things in whatever way makes sense for their project.

Payments and banking

Square believes the economy is better when everyone has access and room to grow, they also believe that no one should be left out because the cost is prohibitive or the technology too complex. Square empowers businesses of all sizes and entrepreneurs to send invoices and grow their businesses.

The PayPal Here contactless reader and app allow clients to accept Visa, MasterCard, and Maestro debit and credit card payments and receive payment via PayPal. The app helps track cash, cheque payments and issue invoices from a smartphone. With no contract, no monthly fees, or hidden costs, you can get paid anywhere you do business.

Revolut for Business is on a mission to help their customers (personal and business) improve their financial health, empower them to have more control, and promote financial cohesion across the communities in which the company operates.

Neat offers a stable and secure experience and is built for today’s global economy, where borders are disappearing and it’s easier than ever to start a business. Starting from concept to making the first sale and moving to international expansion, businesses need a financial experience that evolves with them.

Conclusion

Being an entrepreneur means time is your most precious resource. Time is spent on networking, meeting potential partners, attending local events and conferences, brainstorming new ideas, planning, creating content, delegating tasks to employees, bookkeeping, accounting, and more. That’s why it is so important to have essential tools that save you time.

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