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Tools To Help Your Startup Thrive

Tools To Help Your Startup Thrive

Launching a startup is a big step, and it comes with risks, considerations, decisions, and a big dose of excitement. It can also be complex to figure out how to manage every part of a new business. Thankfully, technology can play a major role in streamlining the tasks you need to carry out and make running a business a lot more efficient. From raising much-needed capital through to organizing your workload and teams and setting up your weekly staff meeting, tech has got you covered.

Raising funds

Funding is one of the most important parts of growing your startup, but raising capital and pitching to investors can be a grueling process. Once you’ve sparked interest from investors, you have to negotiate terms, create all kinds of legal agreements and keep track of how much equity your new shareholders own. A tool like SeedLegals can make things much easier by automating the admin through an online platform. Whether you need to raise $1 million or $10 million, they can help you negotiate the best terms, documents online, and close deals reliably and efficiently.

This not only makes getting Series A funding much easier, but it also reduces the cost for you and makes the process quicker. The platform has worked with more than 35,000 companies since it was launched. One in six early-stage funding rounds are closed via the site, totalling one billion pounds raised via the platform so far.

Communicating

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Communication is an essential part of running a business. It’s important to have the right tools in place from day one. Firstly, you will need to support communication amongst employees. This could be both formally and informally. For more informal communication, you can use Slack which allows you to create channels for different topics and team members. It will enable group chats and direct messaging, as well as calls.

You can also use free tools like Zoom, Skype, and Google Meets to hold conference calls, one-to-ones, and staff meetings with your team, wherever they are. These tools all offer free versions with limitations or various subscription models for additional features. This means that as your business grows, you can scale up and down as required while managing costs.

Task management

Managing your individual tasks and the workload of your team and their teams can be a headache. Thankfully, there are various task managers to help you with the process. For example, Asana provides full calendar services as well as reminders and to-do lists. You can also consider BaseCamp, which facilitates creating and assigning tasks to different users and tracking their progress.

Trello is another option that makes solo work and collaboration much easier to manage. Users can create task boards with different sections and then move their tasks between them, stating whether they are completed or done. Similarly to communication tools, task management tools typically come for free with basic features, increasing in cost the more features or users you opt for.

Thanks to these tools, you can save lots of time and effort. In the business world, saved time means saved money, which is essential when you are just starting. Remember that whatever obstacle you face in your work, there is often a digital tool that can help you solve it or do it more efficiently.

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