5 Essential Tools And Traits You Need To Be A Successful Entrepreneur

Posted on /by Natalie Sisson/ in Business Tools / 4 comments

Entrepreneurs are a special class of people. They are the go-getters; the people who keep going when the everyone else would normally give up. We break the rules, we push the limits and we inspire others to build crazy cool businesses.

Behind almost every successful entrepreneur though, is a set of tools and traits that keeps them organized, motivated and headed straight on the path to being super stars. From trusty business credit cards and productivity tools to business apps that are hard to live without, there are many tools to help you be a successful suitcase entrepreneur.

1. Smartphone or Tablet

Modern technology has many benefits in the business world, and if you were to poll successful entrepreneurs, many would say that they would be lost without the organization, communication and navigation tools found within their smartphones and tablets. Using mobile business apps, you can stay on top of finances, scheduling and even the best place to grab a bite to eat nearby.

2. Automated Backups

You never know how much you need your files until they are gone. Fortunately, there are many free or low-cost backup programs that work for not only your computer, but also your Android or iPhone smartphone, allowing you to synchronize your files between devices for the ultimate in backups. This allows you to have all of your resources at your fingertips, even when you are out and about. Here’s a handy article on Lifehacker telling you how to do a full backup on your jailbroken iDevice.

3. Networking

Networking is critical to a new business, and not just the online kind. LinkedIn and Facebook are excellent tools, but should not be your entire networking plan. In addition to several other social media platforms that should be integrated, such as Pinterest and Twitter, local resources can also bring about an increase in business.  Visit your local Chamber of Commerce and meet like-minded business people whose skills and services complement your own.

 4. Know Your Money

Almost all business banks offering online banking services now. If yours does not, now might be the time to switch. Information changes at the speed of the Internet, and you need to know where your finances stand, even while you are out to coffee. Also be sure that your bank will be willing to work for your business.  You don’t want to take your money somewhere where you will never be able to have anyone advise you over it.

5. Access Your Money

Business credit cards have come a long way from their humble past. Most cards offer you something in return for using them, such as frequent flyer miles, reward points, and cash back. Most will even charge minimal fees so that you don’t have to worry about getting hit with a large annual fee or interest rates after your grace period ends. Click here to learn more about credit card options and online banking savings. When you are just starting out, cash flow is critical, so make sure your card can help you keep that forward momentum.

These five tools and strategies are not going to be the only reasons for you running a successful business but you have to admit they’re very useful, especially in the early startup stages when you’re busy trying to stay organized and focused and not get overwhelmed. Don’t sell yourself short by not giving yourself the proper tools needed to manage yourself and your business.  Being an entrepreneur is one of the hardest roles you can take on in this world, so having the right tools at your disposal and a little bit of know how, you will be able to give your business a solid foundation from which to leap from.

What’s your go to life saving business tool you can’t live without?

  • I have to admit, these tools are certainly helpful in some ways. Most especially networking. Thanks for sharing.

  • I live the life of a lifestyle entrepreneur. I love every second of it. But what i do, and the freedom i enjoy would not be possible without my laptop, iphone and usb memory sticks. Modern technology has definetely changed my life, and so much for the better.

  • Hi! I run a business (Just Between the Girls) with a friend in another country – I’m in the Netherlands and she’s in the US. Moving money has been incredibly difficult – I was wondering if you or someone else in the community could recommend a specific credit card (- #5) to provide global access to our money with minimal fees.


    • Natalie

      Hey Nicole. Great to have you here. I’m going to be living in Amsterdam for the month of August btw! I would suggest you look at Dutch online bank ING Direct as a start. They have branches in the US too and since it’s all online could be very useful for this.

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