Small business, big profits; 5 important tools for SMEs

As a business owner looking to expand and increase profit over time, it is key to be aware of trends and know the right tools that will move your business to the next level.

We’ve highlighted some important tools for you below.

  • Active social media accountsWe’re living in the digital age where everyone has access to the internet. Having social media accounts puts your business out there for everyone to see and exposes it to your target audience.

With social media platforms, you can make sales, run customer service efficiently and gather feedback that will be beneficial to your business. Did you know Cashenvoy has a payment link that you can use to receive payments from Customers via social media and chat apps?

  •  E-commerce platform

E-commerce platforms allow merchants to have a virtual store where they can sell their products online.  These platforms give exposure to your business as the more popular ones are known internationally. 

You can also have an e-commerce store integrated on your website. An example of a popular e-commerce store is Shopify which lets you can accept payments via Cashenvoy portal 

  • A secure payment system A business should have a payment platform where they can receive payments for their products, track product sales and keep track of their money. 

This payment platform should be simple, safe and secure, Cashenvoy is perfect for this and you can set yours up easily here.  Visit www.cashenvoy.com for more information.

  • Accounting SoftwareUsing accounting softwares helps you keep track of your business expenses, send invoices, pay bills and have a better idea of your financial standing.

This ensures you know how much your business has grown at a particular time and you can also compare with other times.

  • File Management and Storage Apps

File management apps like Dropbox or Google Drive allow you to store your media and files so you don’t lose anything important and you can easily retrieve them whenever you need. You can scan and upload your business document,  goods pictures, invoices and receipts in a safe, secure place. 

Know any other important tool that we should include in this list? Tell us in the comments section and we’ll add it.

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