By Soulla Lindo
There are many steps to starting a new business.There is getting up the courage to do it. There is coming up with a business plan. There is also that little detail called an idea. But there is also something that is so straight forward and fundamental that it often gets overlooked.
What tools do you really need?
New businesses and especially those working from a small office space or a home office need to do an assessment of physical needs before they hang that “open” sign on the door. This is very important if you are coming from a large company that has always provided the supplies for you. Gone is the computer, the photocopier, the office supply closet full of highlighters, a rainbow of Post-it notes and those little black clips that you never use but always have an assortment of.
There are the obvious essentials – a laptop, a smartphone, a printer – but here are a few other must-have tools for any small business.
The all-in-one-printer: The Frankenstein of office capability. The printer / scanner / fax machine / photocopier is exactly what you need to get started. Assess your needs, and then find the one that best suits them. Do you need it to be wireless? Do you need it to have the capability of scanning directly onto a memory card? This all-in-one tool miniaturzes several large machines at any large company and, in my opinion, is well worth the investment.
Backup external hard drive: This is a must-buy. What would you do if your system crashed and all your company records including financial statements, business plans, invoices, and client projects vanished? Do you even want to know? At a large company, documents tend to be saved on servers and if there are any glitches the IT team always seems to be able to magically fix them. But if you’re saving everything on your computer and you one day get the blue screen of death, then you might not be so fortunate. So back…it…up (and preferably with a hard drive that’s fireproof).
QuickBooks (or a similar accounting software): Bookkeeping is a dreaded task for any small business owner (unless of course you’re an accountant). But QuickBooks simplifies this and even offers a variety of editions for different types and sizes of businesses including freelancers, start-ups, consultancies, and small businesses. The software includes payroll tools which help you take care of your payroll quickly and easily, and helps you accurately file and pay taxes. It gives you a real-time, easy-to-understand overview of your business with the Company Snapshot tool. And you can even keep track of billable hours and easily create invoices. This will save you time, money and your accountant will thank you for it.
A blog: This not a traditional tool, but arguably one of the best marketing tools available to help you build an online presence for your business. New media is not just the future, it’s the present. Having a blog or contributing to one allows you to be seen as a business thought leader and expert in your field and can even help generate leads. Not to mention blogging is one of the most effective ways to enhance your online visibility through search engines.
Marketing collateral: This is a no-brainer, but worth mentioning. Make sure you have a Website and keep it up-to-date. List your services, include links to your social media accounts to easily attract followers and be sure to update your company news, or post press releases so that your customers can see all the positive work you’ve been doing. And don’t forget to print business cards and carry them with you at all times. When someone meets you at a function and asks about your business, they will not remember your Website url or company synopsis. Give them a card for their files – and be sure it stands out so that it doesn’t get lost in the shuffle.
If you have a winning idea or a great product you cannot just walk out your front door with a pad of paper and pen in hand and be ready to run a company. Be prepared for success with some of these essential tools.
Soulla Lindo is a communications manager, small business owner and blogger. She has worked in a variety of internal communications, public relations and website management functions. Soulla is a graduate of the University of Western Ontario and holds a Corporate Communications Graduate Certificate from Seneca College. Her favourite office supply is the Post-it Note—which she couldn’t live without.