Essential Tools for Beginning Entrepreneurs

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A very common mistake among new entrepreneurs is starting a business without planning ahead. That’s why we’ve put together some essential tools for new entrepreneurs that will help you organize your entire business, whether it’s already started or not.

The 6 tools below are essential for entrepreneurs at any stage:

Management (financial, operational, communication and commercial)
SWOT analysis (way of evaluating the company x market to identify opportunities, threats, strengths and weaknesses)
Canvas (framework to see the strategic fit of your business model)
Time management matrix (to list what is urgent vs. important to understand your priority)
Productivity tools (to organize, track and manage tasks, projects and deliverables)
Accounting platforms (to manage recurring contracts, automate the sales and collection process, integrate sales with finance, manage budgets, fees and discounts)
Without knowing how much your life, your business, your personal norway phone number lead dreams cost, and what unforeseen events may arise, the process of opening a business will be much more difficult. In this article, you will learn about five essential tools for beginning entrepreneurs. They will help you make your dreams come true, even before hiring any type of system. You will be able to download them all for free at the end of the post. Good work!

If you want to learn about other super important tools, in the video below I share the tools that changed the flow of our operations (after having used all the tools I talk about in this article).


Dream Worksheet (To Have, To Be, To Do)
The dream spreadsheet, also known as the have, be, do spreadsheet , is designed to help you better understand what your needs and desires are and how to achieve them. It is common for many entrepreneurs to make calculations about their business, but forget to calculate how much money they will need to maintain their lifestyle and personal dreams.

That’s why this is one of the essential tools for budding entrepreneurs. If you already know what your dreams are, I suggest filling out the spreadsheet anyway. It can help you get an overview of everything and help you establish the first steps to achieving what you want.

Financial spreadsheet for individuals
If you want to be a successful entrepreneur, you need to separate your physical life from your legal life . And that's why, despite being related to personal matters, it is one of the essential tools for budding entrepreneurs. This spreadsheet allows you to organize all your personal expenses, including your home, family members, and even your four-legged friends!

This will give you an overview of your expenses, your family's total costs, and areas where you can reduce or cut expenses if you need money to invest in your business.

Financial spreadsheet for legal entities
I don't even need to explain why this spreadsheet is one of the essential tools for beginning entrepreneurs, right? Keeping track of your business's finances is essential, although many entrepreneurs shy away from this type of spreadsheet.

But the legal entity spreadsheet that we provide for you is super simple to answer and helps you to do what is planned and what is actually done, providing input for making the main decisions for your business.

It is divided into two stages: the first part refers to all cash outflows, i.e. all your expenses with the business, and the second to all income, i.e. all your revenues and sources of income.

The combination of these two steps will give you important indicators to make more assertive decisions about your business.