They say that no man (or woman!) is an island, but as a solopreneur, it can often feel like that’s exactly what you need to be. After all, your business is entirely dependent on your ability to be everywhere at once and to be an expert in every single element of the business world. Luckily, this is an easy enough goal to achieve when you’re starting out but, as your company grows, you may find you simply can’t juggle all of those balls yourself.
At this point, many solopreneurs opt for outsourcing, which comes with a price tag that could range anywhere from $500-$5000+ per month. That’s a notable chunk of your personal profits, and it’s a cost you might be able to cut by simply including the following tools in your arsenal.
Planning Must-Haves
Planning is perhaps the hardest element of managing a solopreneurship, especially if you’re having to navigate everything from order fulfillment to inventory management and customer requests. Early on, a self-written planner might serve you well enough, but as your business gets off the ground, something like ZBrains' Zoho ERP solutions will inevitably become something of a must-have.
Enterprise resource planning solutions streamline your business operations through capabilities that include integrating business departments and automating tasks like inventory updates. Effectively, your ERP will become your personal assistant and will free you up to easily manage your business in the best possible way.
Time Management Tools
Time management is one of the best ways to make a business that bit easier, and will typically involve juggling multiple client meetings, supply chain checkups and more. This is a tough juggle, made harder by the fact that one missed meeting could tar you with an unprofessional brush forever.
The good news is that even free time management tools like Google Calendar are pretty useful for general scheduling, and can at least get you to meetings on time. As your diary fills up, however, you may prefer to branch out with more specialist time management tools like Trello. Here, you can simplify your schedule using straightforward boards, cards, and lists, as well as setting up scheduling across projects as you require.
Financial Management Software
You’re a solopreneur, not an accountant and, despite your best efforts, you simply aren’t the right person to manage your finances. Unfortunately, prices for outsourced accountants tend to be steep and could be out of your budget in those early days.
Luckily, many ERP solutions also include things like payment processing to ease the load. You may also find it useful to use dedicated finance management tools including QuickBooks and FreshBooks, which can handle capabilities including invoicing, tracking, and tax payments. Your lack of need for payroll capabilities across a company could also help to keep costs down and make these resources a viable investment even early on.
Solopreneurs make a business of doing things alone, but they can’t handle every single element of a business without help. Once you reach a certain stage in operations, these key pieces of software could well end up being the team you never knew you needed.
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