Best And Effective Tools for Small Businesses.

One of the things that makes humans unique is our ability to create and use tools. Tools are important because they multiply the effect of physical force. The more a tool amplifies or concentrates your effort the more effective it will be. If you trying to pound on a nail with bare hands, you will certainly be able to exert some force but it won’t be enough to drive the nail into something solid, besides, you will probably hurt your hand. However, using a hammer multiplies the magnitude of the force you are exerting and concentrates that force to a very small area, making it easy to drive the nail in a single stroke.

Force Multiplier

• Saws, screwdrivers and other tools work as force multipliers.
• They amplify and concentrates the force you generate to produce more output.
• The most effective business tools amplify force in the greatest magnitude.
• Investing in force multiplies brings more production in less time and effort.
• Force multipliers can be expensive.

• The more effective they are, the more expensive they tend to be.
• Factory production and distribution systems are examples of large scale force multipliers.
• They make it possible to deliver value to thousands or millions of paying customers in a very short time.
• Force multipliers give you capabilities that are otherwise out of reach.
• If your business requires tooling up a factory and you need to take a loan for this, it will make sense to use the loan amount to get force multipliers, rather than using it to pay the rent or getting a fancy office.
• Always choose the best tools that you can obtain and afford.
• Quality tools give you maximum output with minimal input.
• By investing in force multipliers, you free up your time, energy and attention to focus on building your business instead of simply operating it.

Product Buzz

• Customers are vital for every business and your business is no different.
• Don’t have funding or investors? Great! All you need to do is get some believing customers on board.
• These customers are going to be your investors!
• If your products fit their needs exactly, they are going to keep buying from you — who needs venture capital funding!
• If you create a buzz around your products, your customers will do all they can to get their hands on your latest products.

Funding

• Some experts say that a small business owner should stay self-funded as long as possible.
• When you decide to go down the bootstrapping route your mind-set changes.
• This is because you are spending your own money and not someone else’s.
• This is a good thing to do, because it means that you make more informed and careful decisions but you can also take risks if you wish.
• Spending your own money becomes a habit and it filters its way down to your employees.
• Spending someone else’s money can lead to bad decisions and staff that simply does not care.
• When you are bootstrapping, you must form a team that is willing understands your long-term goals and believes that those goals have a benefit for each one of them.
• Remember to start where you are, use the resources that you have and do what you can.

Customer Satisfaction

• Without funding, your customers are calling the shots and helping you improve your product every day, because they are the ones paying the bills.
• Remember how important your customers are to you and how they are your source of funding.
• Customers are also your source of inspiration and that is one of the greatest benefits of having a fanbase.
• You may not have investors to back you, it doesn’t matter because you have customers.

• A good customer feedback is enough to get you money to run the business.
• If you use time and customer satisfaction as a resource, you will soon be able to generate money out of these resources.

I have always emphasised on the importance of having a good website for your company. A poorly designed website can repulse people from your business and can cause you to lose customers before you even have them. Get in touch with HyperEffects to work on creating, enhancing and making the website of your company more user-friendly. Websites designed by us typically display your products and services in a way that holds the customer’s interest and makes it easier for them to take action.

Keep coming back on more on managing small businesses. Don’t forget to share your experiences and leave your comments in the message section!