Creating a Startup? Here is one essential tool you’ll need.

on August 24, 2016

Chances are you’re like all average first-time startup creators; you probably have at best a vague idea about the tools you’re going to need in order to properly manage and run your dream. And in truth, that’s totally fine. No one who knows what it is like to create a startup will think any less of you for not knowing exactly what you’re doing and asking questions. It, just like all great things in life, is a learning process and should be treated as such.

Well, here’s a lesson for all you crazy startup junkies: you’re going to need to outsource a good deal of business processes. Do what you do best, and outsource the rest. Now that may be a cliche phrase in the business world, but that doesn’t take away from how incredibly, undoubtedly, and irrefutably true it is. If you try to develop all the software you’ll need to manage a business, you’ll never actually get to the business. Luckily, the tech world is riddled with the tools you’ll need, from full software to backend code you can easily integrate into your systems.

What is business processing?

If you don’t know what business processing is, don’t dare fret mon frère. You’re still learning after all. Business processing defined is simply: a series of logically related activities or tasks (such as planning, production, or sales) performed together to produce a defined set of results. Your activities are whatever it is you do in order to achieve your results, which is to deliver your end product or service. You’re going to track things like your revenue, expenses, purchases, sales, shipping, hours spent working, lead generation, inventory, resources, production, etc. Sounds like a lot, but once you get into the swing of things, it will become a second nature to keep up with the meticulous records you need. (more…)

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