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What
Small Business Resources
Do You Need?

What small business resources are we talking about? The first thing that comes to mind is letterheads, brochures, and business cards. Those things can come in due time, but first you need the wherewithal to run your business. Things such as communication systems; computing equipment; basic application software; accounting systems; backup systems; invoicing and payment systems; customer relationship management (CRM) systems; and, if you are selling products on the internet, shopping carts. That sounds like a lot of your money and your time just to get started - doesn't it? Most of these resources can be found online at little or no cost.

 

If you are going to be an online business then your vision is probably to do as much online as possible. Certainly you can buy everything on your list both new and even used in some instances.

 

Think About Renting
Your Small Business Resources

 

 

One way to reduce you immediate expenses is to rent or lease your computing system hardware. This gives you small monthly payments instead of one huge outlay at the beginning. This also gives you some real potential savings for your start up costs.

 

But did you know that for some of the tools you can rent the software? Known as Software as a Service (SaaS) you can run the application online. This usually costs you a monthly or annual fee. Advantages of these types of small business resources are many including no large costs to buy a software package, updates are done automatically and invisibly to you at the host, your data is automatically backed up online and locally, and you can buy smaller computers because less of your computer resources are tied up with application storage and local computing cycles.

 

Prioritize Your Need for Small Business Resources

 

 

Your list is long! That leads to two problems, doesn't it? First where is all the money going to come from? But secondly and probably more important, where is the time going to come from to analyze the alternatives for each category to come up with the best solution for each task?

 

It is not in your best interest to implement all of the systems at once. In fact as you staff you business; it makes sense to allow each staff member to have input into the selection of the system that they will use to do their job.

 

For example, your new accountant should help you decide on the accounting system for your new company. That way the expenditure isn't made until you'll actually utilize the resource and your time analyzing the solution is greatly reduced.

 

Probably the first thing you need to consider is the communication system including you internet connection. Then you need to select the computer system and basic application software including word processing and spreadsheet capability. And don't forget the presentation software you'll need to sell your concept to everyone who will listen to you.

 


 

 

And of course don't forget the wealth of information, advice and free tools that the U.S. Small Business Administration (SBA) has for you to use as you are planning you small business.

 


 

Let's look in more detail at the different small business resources you need to consider-

 

  • Business Plans for Small Businesses

  • Computer Systems

  • Communication Systems

  • Backup Systems

  • Accounting Systems

  • Invoice and Payment Systems

  • CRM Systems

  • Shopping Carts

  • Basic Application Software

 

FYI


Thinking About MLM
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