Have you purchased a business tool that just sat on the shelf? Are you relying on ineffective tools to assist you with business decisions? What about equipment? Have you regretted purchasing equipment that didn’t pay for itself? Join Rick and Brandon as they tell an unusual story of a “leg waxing” tool that didn’t quite shine in the 1970s. Grab some tips on how to purchase business tools. Follow them as they chat with Christian Wielage of Plan Guru about his budgeting and planning tools for small and midsized businesses.
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- Determine your needs for tools
- Analyze cost/benefit for financial planning?
- What benefit do you anticipate?
- What are the costs?
- What are the opportunity costs?
- Analyze cost/benefit for financial planning?
- Are there multiple options like clouds or less robust versions?
- Establish the process
- Who will be responsible for learning to us this tool?
- What will the timeline be for this tool to be fully functional?
- Analyze data for decision making?
- Who will the tool’s information be supplied to?
- What decision-making process will take place?
- Will the decision-maker be directing the tool user?
- Determine the state of your information
- Is your data (like accounting records) ready for a tool like this?
- If not, make a list of tool requirements
- Does the tool integrate to your current software?
- How does this tool integrate into your company strategic planning or budget cycle?
