If you surf the Internet, you often face startup ads. Indeed, the digital industry generates a huge number of new projects every year. People try to implement unique ideas, provide new services and make our lives better and more interesting. But as practice shows, not every idea can be implemented. It doesn’t matter how new and interesting it is. More than 90% of all startups fail within the first year of their existence. Finding a great idea for the business is just the beginning. But to achieve success and realize the plan is really difficult.
The first problem that new projects face is the lack of funding. Most startups rely on investor funding. But not every CEO succeeds in raising capital for his development. After all, today there are many offers. Investors don’t seek to invest in risky projects, even with interesting ideas. Therefore, in the early stages of development, the manager should pay special attention to financial management. It’s necessary to minimize costs and use all possible options for development, for example, free consultations, discounts, online resources with useful information, etc.
You can save funds on the organization of work processes if you follow current trends. Yes, we are talking about remote work. Today there is no need to rent office space for employees. Thanks to digital products, you can organize the teamwork without losing efficiency.
The main thing in this matter is to use all the possibilities of digital tools. For example, Slack is one of the best solutions for organizing, managing, and developing any kind of business. Thanks to the integration with other apps, you can easily customize the workspace to suit your startup. Communicate in private and public channels, transfer documents, set tasks, track their progress, use Slack SMS to communicate with partners and clients, and more. Formulate and distribute tasks and set adequate deadlines for their implementation. Before doing this, take into account the capabilities and knowledge of each employee. Don’t set impossible tasks and deadlines.
The task manager functionality is limited only by your ideas. In addition, the developers offer a free plan. The app is fully functional and great for young teams that save every cent.
