Running a small business or deciding to launch one in 2020 would require a lot of everything, but most of all, it would require an online presence. From time management and business planning to accounting, there are some online tools available that can be useful for startups to grow while prioritizing tasks.
Big companies start small but small businesses face big challenges
Many billion-dollar companies had humble beginnings, sometimes in garages, rented apartments, and dorm rooms. Experience has shown that starting small with teams of two or three people or even alone can be tough, but many made it to become successful. Something else that experience has shown is that those successful founders were experts in what they were doing. Thus, the combination of knowledge with increased demand for a product or service and a little bit of luck turned those ideas from garage businesses to multinational companies.
Small businesses are often clouded in uncertainty no matter how uncertain the times are
Launching a small business can be difficult either if you’re entering an unknown industry or if it’s just a sector that you know well. Among numerous factors, this might happen because of some responsibilities or tasks that are essential to run a business but boring to get done. Besides being dull, such tasks or operations are also time-consuming. You planned to do something big, and there you are doing some accounting. Normally, these tasks would have an impact on your initial motivation and time management.
Some startups follow the saying do what you know best and outsource the rest. This is a useful solution, but most small businesses are on tight budgets and cannot afford to outsource, even though it can be affordable compared to local services. Instead, there is a wide selection of free online tools that can come in handy. Those tools are very useful when in terms of productivity, time management, business planning, project management, etc. They are free for small businesses and small teams.
Source: https://www.entrepreneurship-campus.org/online-tools-for-online-entrepreneurs/