When you’re a startup, you have a lot on your plate. You need to impress all the right people, display a strong work ethic and begin to build yourself a decent reputation as quickly as possible. That’s a tall order – and one that causes more than half of new businesses to last less the length of a presidential term.
Let’s be honest, the biggest headache comes with money. You can have the greatest product on the planet, but if the costs spiral out of control, then you’ll sink before you get a chance to get it out to the market and cash in on your great idea.
For a startup, you want to start as you mean to carry on. Get on top of those numbers early and you’ll be fine going forward. That’s where financial tools come in: these are handy pieces of software that make your life a whole lot easier. There are lots of different ones to try, but here are three of the very best that can help with different stages as you get up and running with your brand new business.
Business plan – BizPlan
The first thing you need to do is get yourself a decent business plan. This document will spell out your vision and goals for your business in the short, medium and long term. This isn’t just an exercise for your own good either – it might well be necessary to persuade your bank or an investor to part with the cash you need to realise your vision. BizPlan offers a step-by-step business plan builder that is geared up especially for startups. It’s simple to construct and really comes into its own with the financial command centre – a dashboard that brings all of your key stats together in one place.
Accounts – QuickBooks
The next stage is to keep track of all the money that goes in and out of your accounts. You’ll need this to ensure the bills are paid on time and that you meet your tax obligations. QuickBooks offers a cost-effective way to ensure that your books really aren’t the big issue that they could become if you’re not careful. It offers an easy to use at-a-glance view of your money and syncs neatly with other apps, software and supplies that you might commonly use, as well as ensuring that you can provide voucher checks when running a safe and secure payroll.
Project management – Asana
Proper management is the key to keeping on top of your costs once you’re up and running. If you constantly deliver tasks late and over-budget, then your bottom line is not going to make for good reading. Yet many startups might feel that project management software isn’t really for them. That’s where Asana could come in. It does all of the things that you’d expect from a project management portal – creating tasks, setting and tracking deadlines, discussing progress with tasks – while also being integrated with Dropbox and Google Drive and, best of all, is free for up to 15 users. Snap it up and run a smooth ship with your startup.