Tools and Resources Every New Home-Based Business Owner Should Use

Though working from home isn’t for everyone, if you’ve decided to try your hand as a home-based business owner, you’re going to need an arsenal of tools and resources to help your business run smoothly. Without the backing of a large bank account of a full-time staff, a lot of the responsibilities will fall on you. From answering phone calls to managing projects and handling the marketing, there’s a lot to do and not enough time in the day to get it all done – without a bit of assistance. Fortunately, there are a lot of modern-day tools and resources you can count on to make the job easier to handle.

  • Computer

No matter what kind of business you’re running an efficiently running computer is required to carry out business tasks. Though desktop computers are often a lot more affordable, for home-based business owners who plan to do business on the go, having a portable computer like a laptop or tablet is a better investment. When purchasing a computer, ensure that you’ve invested in one with operating systems, software, and programs that are most compatible with your business needs.

  • Smartphone

As a business owner working from home, you may not always be sitting at your desk ready to conduct business or answer phone calls. Having a smartphone allows you to handle a lot of business functions from virtually anywhere that you are. An iPhone would allow you to not only answer company calls and send messages, but also has features that allow you to access the Internet, review shared files, send emails, engage on social media, conduct a business transaction, and more. Since smartphones can be pricey, investing in protection, like iPhone 8 screen protectors, can minimize the potential of damage, should it be mishandled.

  • Project Management Software

Time management is often one of the biggest struggles for home-based business owners. Trying to balance the time between work and family can become blurred when you’re home all the time. With no one holding you accountable but your clients, it can be easy to slack off and fall behind. Project management software allows you to carefully plan your projects and keep track of your progress for improved productivity. Certain project management software even allows you to add team members or clients so they too can add input, leave comments, and keep track of the project’s status.

  • Social Media Management Software

Marketing, in general, will be a huge part of your role as a home-based business owner. As you strive to make a name for yourself, the need to use varying marketing platforms will become apparent. One of the most affordable forms of marketing to start with is social media marketing. Creating a company page and engaging with your target audience through social media can improve credibility and increase sales. However, with so many social media platforms trying to manage it all on your own can be challenging. Social media management software allows you to schedule posts, read responses, and manage all your social media accounts from one central location.

  • Bookkeeping Software

Managing the books is imperative in any type of business. Not only does proper financial management help you to maintain proper cash flow, but it also helps you to remain in compliance with local and federal tax laws, aids you in making informed purchase decisions, and keeps you in the loop of the financial health of your business. Unless you’re an accountant, keeping track of company finances can be difficult. Bookkeeping software provides a streamlined method for managing the books. With features that allow you to accurately track expenses and profits and generate efficient reports, you’ll always be on top of the company finances.

Running a home-based business won’t be easy. If it were, everyone would be doing it. However, if you’re going to take that leap of faith, the best thing you can do to minimize the stresses and responsibilities of your role as a business owner is to invest in resources and tools such as those described above. In doing so you can streamline processes saving you the time and money you’ll need to take your business to new heights.

 

//projecteve.com
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Meridith Dennes is a co-founder and the CEO of Project Eve LLC, a leading women's lifestyle media company online including some of the web's best loved communities including the eponymous Project Eve, Getting Balance, Project Eve Moms, Project Eve Money and Scary Puppy Silly Kitty. With a digital readership in excess of 20+ million monthly uniques, and over 1 million social media followers, Project Eve provides the news and resources to inspire and empower women. Meridith also works as a digital consultant and social media strategist and has worked with several Fortune 500 companies to help increase brand awareness and improve social media engagement.Meridith holds a BA from Northwestern University and an MBA from NYU's Stern School of Business. Prior to founding Project Eve, she spent 15 years working in investment banking. Meridith currently lives in Vermont with her husband and 2 daughters and spends her free time teaching skiing, practicing yoga, hiking and snowshoeing.