Start-ups take risks and try to implement ideas that everyone else is afraid to take on or just haven’t thought of yet. And that is the best job in the world, but it can also be one of the toughest jobs too.
Most start-ups have one common disadvantage, the lack of adequate resources. Be it capital, labor, tools and equipment you name it. And as such, the team is forced to innovate and take on different roles as new challenges arise.
For the founders, they have to take care of finances, multiple projects, marketing activities, product launches and market surveys etc.
So, here’s a list of free online tools that can reduce or nullify day to day administrative expenses and increase the productivity of work at your Start-up.
1. Fiddle – Create free business models online
Once you have validated your idea through customer meetings, you have to create a business model for your idea. A business model, as you know, captures various aspects of your startup viz. customer segments, value propositions, delivery channels, key resources, cost and revenue streams etc. Fiddle is an online tool which allows you to create and share your business model easily. It allows you to add attachments and notes, which makes it easier for your peers to understand and contribute to your business model.
2. SurveyMonkey – Best Way to Conduct Online Surveys
Many times you will need to conduct online surveys, just to test or improve your new product idea or to get feedback about your products and services. SurveyMonkey is an online tool which is perfectly made for it. It allows you to create your questionnaire with single selection and multi-selection answer choices. It also allows you to select the design for the survey. This tool provides various statistics about the survey. Its free up to first 100 responses, after that you can continue using the service by opting a suitable pricing plan.
3. Wave Apps – Online Accounting and Invoicing Solution
As a founder, you will have to manage different company accounts eg. sales, marketing etc. Moreover, you will be required to send invoices and bills to your customers. Wave apps provide an online accounting and invoicing solution. It provides features like invoice creation, bills creation, accounting etc.
4. Trello – Organize your day to day work
As a startup founder, you will always have to manage many things and projects simultaneously. You have to handle multiple teams throughout the day. Trello is an online tool that can help you to manage your work, synchronize team work, organize your day to day tasks etc.
5. Dropbox – Free Cloud Storage
When working with different teams simultaneously, team members need to manage many documents, codes, databases simultaneously. Often you will be required to access one of the shared files. To avoid future confusions about the latest version of such artifacts, it is better to store them on cloud. This enables everyone to make changes to the correct file and update the file centrally. One of the best free solution to achieve this is Dropbox. It’s an online cloud storage tool that allows you to manage your data on cloud. Dropbox is available for mobiles too so that makes it more usable.
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