When it comes to running a small business, the daily, weekly, or monthly tasks involved in keeping things humming can be surprisingly time-consuming. You need to focus as much energy as possible producing whatever it is your business specializes in, but the little details can take up more of your time than you ever would have expected. There are plenty of small business tools to help you worry less about these duties and instead focus on the bigger picture of successfully running your small business.
Funds recovery service
Very little is more frustrating than working hard on producing a quality product or service and then having to chase down a bad check. Not many small businesses have a dedicated collections department, making it all the more time-consuming to collect payment. A check-collection service will collect your funds, oftentimes without contracts.
Accounting and finance
You may not have the time – or the desire – to keep track of the bookkeeping for your small business, but finances can’t be ignored if you want to be successful. Look into software to help you manage your finances, or hire an accounting professional to take care of it for you.
Merchant payment services
Cash may be king, but allowing customers to pay with plastic can dramatically increase your sales volume. Credit card processing services allow your business to accept credit and debit card payments instead of only accepting cash or check.
Free up valuable hours every pay period by letting someone else handle payroll, taxes, and direct deposits. Completing payroll is a vital task, but that doesn’t mean you’re the only one who can do it. Using a payroll provider ensures it gets done with little stress on your part. Online access to your records lets you keep tabs on the details.
Your customers are important, so you need to make sure you’re staying in touch with them and giving them a simple way to reach out to you. Invest in an online platform that will allow your customers to contact you quickly while also giving you the opportunity to send news and offers to them.
U.S. Small Business Administration
The U.S. Small Business Administration provides plenty of small business tools, including loans, counseling, and contracts. Check out the site’s resource guides designed to help small businesses grow.
What do you find to be the best way to manage the day-to-day tasks involved with running your small business? Share your tips in the comments.
Cobalt CU’s Business Resources and Extras
Let Cobalt CU take care of the details of running your business, so that you can do what you do best. Check out the small business tools Cobalt CU offers.