86.3% of small business owners make less than $100,000 per year.
If you run a small business that makes less than $100,000 a year, you may be able to surpass this number by investing in certain business resources. But with so many resources to choose from, how do you identify the ones that will really move the needle?
This post will highlight some of the best small business resources you can invest in. Use these resources, and you should be able to give your revenue numbers a significant boost.
1. Microsoft Office
Microsoft Office makes it easy for business owners to complete the day to day tasks associated with running a business.
For instance, you can use Microsoft Word to write and edit important business documents. You can also use Microsoft Excel to track and manage your finances so that you understand where every penny is going.
One of the great things about Microsoft Office is the monthly payment option. This makes the product affordable, even if your business is just starting out.
Dropbox is an essential resource for businesses as it makes it easier for employees to share files with one another. This is important because the easier it is for employees to collaborate, the more productive they will be.
When investing in Dropbox, make sure you select the option that’s designed just for businesses.
While there are cheaper options, the business solution is generally more secure.
This is because you have a granular level of control regarding who can access specific documents. This feature is important, as it allows you to restrict access, should someone leave your company.
3. An ERP Solution
If you run a complex business, you should consider investing in ‘enterprise resource planning’ (ERP) software.
That’s because ERP software will help you monitor and track the status of each department within your business.
If you want to see the state of your sales team, you can log into your ERP suite and see how many leads are being collected and converted. If you want to monitor your inventory, ERP software can show you what’s sitting on your shelves, and what needs to be ordered.
It’s hard to recommend one specific ERP solution as each business has different needs.
That said, one of the most popular options is something known as SAP Business One. If you’re interested in how much this solution costs, check out this blog post to learn more about SAP Business One pricing.
Will You Invest in These Small Business Resources?
If you want to take your business to the next level, you should consider investing in these small business resources.
Before you invest in a particular resource, find out if there’s a free trial that you can use. The trial might not last a long time, but it will usually be long enough for you to determine if the product is a good fit for your business.
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