1. ENTREPRENEURSHIP
The 10 Best Business
Process Mapping Tools
Elena Hudgens
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Do you want to know the right business process mapping tools for your business? Or
how to choose one? You’ve come to the right place. Here, we’ll teach you everything
you need to know about these tools and how they can help your business.
Business process mapping is a visual representation of all of the steps in a given
process. It’s most often used in project management and quality assurance. This blog
post will take a deep dive into 10 of the best tools out there – from Microsoft
Visio to Jira – and will show you what makes them so great.
Section 1: What Is Business Process Mapping?

2. A Diagram of Business Process Map
Business process mapping tools are a way of visually connecting business processes to
their inputs, actions, and resulting outputs. Business process mapping tools can be
used in different ways: it can be simple and pen-and-paper, or involve software. By
breaking down a complex set of tasks into their individual components and then
reassembling them into a single flowchart.
You can see how one task flows into the next. You can also see opportunities for
improvement by identifying bottlenecks in the system so that time is not wasted on
unproductive steps.

3. Business process mapping is most commonly used in two ways: for analysis purposes,
or to design processes. The primary purpose of analyzing business processes is for
improved efficiency. But analysis alone does not automatically lead to improvements in
operation. By designing better processes, however, you can improve productivity and
reduce waste. Read More.
Section 2: The 10 Best Business Process Mapping
Tools (and what makes them great)
A business process is any activity or a group of activities aimed at achieving an
organizational goal.
Business process mapping tools (BPM) are defined as improving a business’s growth
from one end to the other by analyzing it, working models for different possible
scenarios, carrying out improvements, monitoring the improved process, and
consistently optimizing it. In a nutshell, BPM is how your business manages and
improves the business process.
A business project management can be classified into several aspects: design,
execution, modeling, monitoring, optimization, re-engineering, etc. For example, a
procurement firm can have a business process like purchasing, invoice, reconciliation,
account receivable, etc. In contrast, an advertisement agency would have processes
like cost estimating, cost approval, cost reviewing.
Brands use business process mapping tools to automate tasks during a business
process. Business process mapping tools improve the order, perception, and
functionality of the total workflow that makes up a business process. However, BPM is
not a one-time task, and it is a consistent activity that needs an ongoing process. Unlike
a project, which is a one-off task.
Introducing business process mapping tools into your business will eradicate chaos
within the workflows that make up a business process. A BPM tool allows for complete
visibility into your business processes, allowing for special attention to errors. This will
allow your business to work more efficiently and save resources. If you would like to
improve your operational efficiencies, you need to use the best BPM tool. Read More.
The following are the top ten BMP tools for your business.
2021’s Top 10 Best Business Process Mapping Tools
1. BPMApp

4. BPMApp by 500apps
Leading the way is the BPMApp, a software developed by 500apps. The app helps
manage and streamline the workflow process. It is the software you need to streamline
the process and keep track of all the tasks involved in business processes to keep your
business running perfectly.
With BPMApp, you can create and manage custom workflows using nodes, create
forms to capture data, manage your contacts, and control your form responses. Over
30,000 active users rely on BPMApp, and the software is available worldwide thanks to
its strategically placed 6 data centers. Moreover, the app is always online, and the
customer support is top-notch.
BPMApp does not offer a free plan, but a free trial is available. BPMApp offers a per-
user plan priced at $14.99.
2. Kissflow

5. Kissflow is software designed for minimal disruption to work. It is designed for the
modern workplace. Kissflow provides convenience, efficiency, and optimal management
of all your work. The software covers workflow management, case management, project
management, and collaboration. With Kissflow, you can create your perfect workplace.
Over 10000 customers trust Kissflow with great feedback. The software offers products
like a digital workplace, workflow management, case management, procurement cloud,
project management, and low code.
Kissflow business process mapping tools offer users three plans: basic, advanced, and
full. What makes it special is that each plan offers a free trial. This way, you get to enjoy
the highest privileges of the software before deciding if it is really what you want. Read
More.
3. Bizagi

6. Bizagi is an industry-leading low-code business process mapping tool. It models and
automates a platform that connects people, applications, robots, and information on a
single platform. Bizagi enables true collaboration between businesses and IT,
empowering people to drive digital transformation.
Bizagi helps companies across all industries operate more efficiently and improve
relationships between employees and customers. Top companies around the world use

7. Bizagi. Bizagi offers a performance-based pricing model, so you only pay for what you
use.
You can securely run high-performance enterprise applications, build contextual
experiences, use graphical monitoring tools, and deploy an automation platform for
every process and device.
Bizagi includes three products: Bizagi Studio, Bizagi Engine, and Bizagi BPMN,
covering a wide range of capabilities for small and large enterprises. Bizagi also offers a
30-day free trial so you can be sure before you pay.
4. Processmaker
Processmaker is a BPM tool that supports the automation of intensive, complex, and
enterprise-wide business processes using its new low-code iBPMS. Using
Processmaker accelerates the digital transformation of your business in a matter of
days. With Processmaker, you automate processes across multiple departments and

8. systems, eliminating manual tasks, bottlenecks, and data silos. You’ll also improve the
visibility and tracking of processes across the organization.
Processmaker uses a simple decision point with little code. Just drag and drop tasks,
add your forms, users, and other user-friendly features. By automating workflows, you
can deploy solutions in weeks instead of months. This helps you maintain the highest
level of operations and customer quality.
Processmaker offers four pricing plans to cover all businesses: App, Standard,
Enterprise, and Custom. You can also request a demo before choosing one of the
plans.
5. Creatio

9. Creatio is an award-winning BPM tool for marketing, sales, and service to manage
business processes on a single low-code platform across the entire customer journey.
With Creatio, you can automate tasks, implement rules, and comply with third-party
regulations. Creatio improves marketing by orchestrating your customer journeys and
accelerating the lead-to-revenue process. For sales, Creatio accelerates the entire
sales process, from lead to follow-up sales.

10. You improve your service through Creatio by streamlining customer touchpoints and
accelerating service delivery. The company is recognized by industry analysts as a key
linchpin in the marketplace. Its software accelerates sales, marketing, service, and
operations in all areas of the business. Creatio has a global presence and operates in
110 countries.
Creatio BPM software has three tools, Studio, Studio Enterprise, and Studio Free.
Studio Free has a limited feature set but is still suitable for small businesses. You can
try Studio for free for a period of 14 days.
6. Bonitasoft
Enjoy full support for all your digital operations and modernization IT with Bonita BMP
software. Bonita is an open-source and extensible automation platform. Using Bonita
increases visibility and awareness to improve your business processes. Bonita is easy
to use as you can create a responsive user interface using Bonita UI Designer. Use
Bonita to monitor and control your business processes and applications.
Bonitasoft’s BPM software organizes workflows, automates business processes by
involving people from different departments, and analyzes their performance over time.
BPM software ensures consistency and continuity in service, resulting in a superior
customer experience.
Bonitasoft has over 150,000 members and customers from over 75 countries worldwide.
Annual Bonita subscriptions are determined by on-premise, private or public cloud, or
Bonita Cloud. For Private Cloud, the subscription price is $80,000 and over $140,000
for Bonita Cloud.
7. ProWorkflow

11. ProWorkflow is a much-loved BPM tool. The software is designed for managers and
staff to plan, track and collaborate to improve project delivery. Mind you, ProWorkflow is
now in its 8th iteration, a product of constant research and development. The software
possesses a collaborative feature that allows several members to work simultaneously.
The app also allows a team to chat, send messages, share files, and more.
Allow the ProWorkflow IBM software to take control so that you can spend less time
mentally managing your business process. The features offered by the software include

12. task management, timesheet entry and reporting, contacts management, workflow
management, easy-to-use templates, and many others. You can use some other add-
ons and also integrate your workplace with your chosen tools. Read More.
ProWorkflow has two pricing plans; the professional and the advanced. You can also
decide if you’ll initiate the monthly or annual payment scheme.
8. iGrafx
IGrafx is a BPM software that is very easy to use. It can easily connect and synchronize
information between customer experiences and business processes. IGrafx analyzes
your business processes to help your brand identify and implement business process
best practices. With iGrafx, you have the ability to identify and implement the most
desirable business processes.
The iGrafx BPM tool provides intuitive use of graphics with comprehensive support for
all aspects of business design. It provides organizations with an end-to-end solution
infrastructure for on-premises cloud deployment, risk, and formal compliance in a
manageable manner.
Features of the iGrafx BPM tool include access controls, calendar management,
collaboration tools, compliance tracking, dashboard, design analysis, business process
control, and more.

13. IGrafx has a reasonable pricing plan. The software also offers a free trial, but no free
version. Read More.
9. Comindware
Comindware is a low-code business process mapping software that will change the
way you manage your business. It offers key features for task, data, and document
management. Comindware is designed for unstructured and rapidly changing business
processes.
Comindware’s BPM tool has been on the market since 2010 and has received over 98%
positive feedback from Gartner Peer Insights. The software has also received over 10
US and international patents.
Special features of the Comindware BPM tool include automatic project planning,
progress tracking, resource management, flexible combination of projects, project
management portfolio, and streamlined team collaboration. Comindware also offers
options for deployment both on-premise and in the cloud. Most importantly, you can
work with your Comindware BPM tool on your desktop, iOS, and Android devices. Read
More.
Comindware offers a per-feature pricing model, has a free trial, but no free version.
10. Kintone

14. Kintone is an all-in-one business process mapping tool. Use Kintone to migrate your
spreadsheet database and enjoy an uninterrupted view of your data. The platform gives
you the flexibility of a workspace where teams collaborate to create, share, and
automate custom workflows. To achieve data-driven results, use Kintone.
With Kintone business process mapping tools, you can build applications for specific
purposes without an IT department. Kintone improves your collaboration with internal
colleagues, external partners, and customers.
The software displays graphs and charts for real-time data with innovative automated
features. Most importantly, you can receive notifications about approval requests on
your mobile devices. Read More.
Kintone does not have a free plan, but it does offer a free trial before you subscribe to a
plan. Plans include an educational and government subscription, a nonprofit
subscription, a professional subscription, and an enterprise plan.
Section 4: Microsoft Visio

16. What is MicrosoftVisio used for?

18. Flowchart Market Diagram
Microsoft Visio lets you create simple or complicated diagrams. It provides a wide
range of built-in shapes, objects, and templates for you to work with. Also, Microsoft
Visio is a famous Business Process Mapping Tool. You can also create your own
shapes and import them if you are willing to put in that extra work. The driving idea
behind Visio is to make diagramming as easy as possible for the user. I think Visio is on
the right track there.
On the Visio 2013 welcome screen, you’ll find a dozen different templates to help you
get started. In each template, the corresponding menu and objects are already open
and ready to go. In addition, you can find Visio templates in specific categories within
the application or on Visio’s online download page.
Summing Up:
All in all, Visio is just a diagramming tool, and it’s not free either. At $280 for the
Standard Edition and $530.00 for the Professional Edition, it can quickly tear a deep
hole in your pocket. So if you are not a hardcore chart maker, it may not be worth the
investment. On the other hand, if you are looking for a tool to create a flowchart or
simple chart every now and then, I recommend our guide to create flowcharts in
Microsoft Word or the free web app Lovely Charts. Read More.
Section 5: Jira
How does Jira work?
Jira Software is part of a family of products that helps teams of all types manage their
work. Originally, Jira was designed as a bug and issue tracking system. But today, Jira
has evolved into a powerful work management tool for all sorts of use cases. From
requirements and test case management to agile software development.
In this guide, you’ll learn which features and functions of Jira can help your team with
your specific needs. Learn how to get your project started right with pre-configured
templates in Jira.
Section 6: Why Use A Business Process Mapping Tool?

19. The benefits of Business Process Mapping
 Facilitates a common understanding of business processes – If you want to
increase your team’s understanding of a topic, try using visual aids. It will be
quicker and easier than going through long-winded technical documents. Which
is particularly important when there are a lot of people in the room.
 Standardize processes – Once you’ve mapped out your process and reorganized
it into standard steps, achieving standardization will be easier. This will make it
easier for everyone to know what their role is and how they can contribute to the
overall process.

20.  Improvement of processes – It’s not easy to change the way you do things, but
sometimes it’s necessary. With an overhead view of your process, you can better
understand the impact of these changes on other aspects of your process and
achieve business agility.
 Accountability is established by identifying process leaders and users – Clear
responsibilities and ownership can be found by reviewing each task for its
process leaders. These details help to identify the root of the problem and create
accountability.
 Eliminates waste – Good visualization of processes achieved through the use of
a business process mapping tool aids in understanding areas where there may
be gaps and resource wastage. This provides an opportunity to correct these
problems, ensuring that resources are better allocated and making contributions
where the best impact can be achieved. Read More.
 Promotes transparency and compliance – Stay on the right track with clear
company policies and compliance standards. You’ll find that there’s more
motivation to do things right. Because you’ll know exactly what’s expected of
you.
 Ensure better quality management – Get the help you need to meet compliance
standards with clearer understanding and documentation in work processes.
This will promote proper controls and ensure that you’re in line with government
and industry regulations.
 Onboard and train employees – The best way to master a task is to document it
down to the minute details. It will help you train new employees faster and will
enable you to automate those tasks.
 Enhance communication – We’ve done the hard work for you. If you document
processes in detail, it will make them easier to master. It can also help
employees find their footing faster and enable them to achieve consistent
performance that makes automation possible.
Section 7: Conclusion
“Without continual growth and progress, such words as
improvement, achievement, and success have no meaning. “–
Benjamin Franklin.
BPMApp and many others a user-friendly software that simplifies your workflow and
business process to make it a well-oiled machine. Business process mapping tools are
the software you need to optimize your process and keep a pulse of all tasks going into
business processes. Some business process mapping tools do not offer a free plan but
offer a free trial period for 14 days. And if you’re not satisfied with the experience, they
offer refunds. Read More.
The use of Business Process Mapping Tools enables organizations to align business
duties with customer needs. The use of BPM tools can enhance efficiency and
productivity. It reduces costs and minimizes errors and risks.

21. RELATED TOPICS:
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DON'T MISS
What are the major functions of the entrepreneur?
Elena Hudgens
Elena Hudgens is an entrepreneur with 10+ years of experience. She started her
journey by building her own e-commerce website on Shopify and turned her $1000
savings to millions in just 2 years. Soon she started different ventures in which she
failed and succeeded. And now, she's on a mission to help other entrepreneurs with her
life and business lessons.
YOU MAY LIKE
2 COMMENTS
ENTREPRENEURSHIP
What are the major functions of the
entrepreneur?
Published
3 weeks ago
on
November 9, 2021
By
Rishabh

22. An Entrepreneur is an individual who performs all functions to launch a startup.
He/she pursues a specific vision and an effective strategy to achieve the desired goal.
Here the question arises: what are the main tasks of the entrepreneur?
To help you, in this article you will find the main functions of an entrepreneur.
The vision provides the structure of the strategy to be pursued.
Production and sales are supervised by the entrepreneur himself.
The delivery and maintenance of quality is the main motive of every entrepreneur.
So we can say that customer satisfaction is the first goal of every entrepreneur.
To read more, click here.
Also, the perspective of every startup led by an entrepreneur is to secure a particular
sector with innovation.

23. Many will say that this is wrong, but in the end it is not.
Besides, a startup is a vision to gain people’s trust by meeting their requirements.
An entrepreneur who knows all the risks in the business world finds effective ways to
achieve any goal.
Entrepreneurs find their motivation in developing strategies to make their products
successful.
As they follow a particular strategy, their entire focus is on creating a positive resume.
Every entrepreneur must perform their business tasks according to the competitive
analysis.

24. What are the major functions of the
entrepreneur?
An entrepreneur works as a self-advisor, who is responsible for designing and
accomplishing his/her targets.
He/she performs various requisite functions for producing and promoting his/her
product.
Following are the major functions of the entrepreneur:

25. Leadership
An entrepreneur is the sole decision maker and strategy developer.
But few family advisors are sometimes involved in policy making.
The ultimate goal of an entrepreneur is to make his business work based on a vision.
Therefore, managing all factors of production is an important task for any entrepreneur.
Leading and initiating all resources and strategies makes the business grow.
Identifying problems and providing solutions is the primary goal of every entrepreneur.

26. Analytical and critical decisions are made by an entrepreneur to make production
effective.
Overcome any challenge
Every business faces challenges and adverse circumstances in the initial stages.
But here we learn how important the entrepreneurial functions really are.
Solving and re-evaluating every problem is the concern of every entrepreneur.
He knows the importance of solving every problem on time or before so that the
business can grow efficiently.

28. In search of new businesspotential
An entrepreneur is not an orthodox businessman who produces an identical product for
years just to make profits.
Therefore, it is beneficial for every entrepreneur to keep the uniqueness alive.
An entrepreneur is a busy person who keeps coming up with new innovative ideas to
boost the market.
The first step is to find the most effective product. Then, production and distribution are
supported by the entrepreneur himself.
Provide effective solutions
For any entrepreneur, business is not just about making profit. They research and
analyze the ideas before implementing them.
They also try to limit failures by implementing effective strategies.
However, when a risk or failure is identified, they offer efficient solutions to solve the
problem.

29. Makingcompaniesdigitallyavailable
The necessary changes are always a concern for every entrepreneur.
The necessary adjustments and upgrades are needed to make it happen. When you
move your business to an online platform, there are new and positive opportunities for
the growth of your business.
As the situation demands, business growth requires such upgrades.
Watching the competition and countering them with better strategies is the most
important goal for every business owner.

30. Healthypartnerships
An entrepreneur is responsible for building healthy partnerships with those who can
positively impact their business.
It is also part of the entrepreneurial skills to build strong relationships to influence
business aspects.
Making strategic contacts and partnerships promises future business prospects.
Moreover, it is always good to make good friends instead of being neutral.
Moneyand wealth
Creating a startup is not an easy task. It involves various activities like developing
strategies, building teams, funding, etc.
But this is about finding real funding that includes the prospect of future relationships.
Controlling and managing assets is another focus for an entrepreneur. Usually,
entrepreneurs try to take the help of family members, friends, etc.

31. This is a good way to get more money if the startup proves itself.
To read more, click here.
Creating new employmentopportunities
Once the entire startup plan is developed, the hiring process begins. It is the decision of
each entrepreneur to hire employees of their choice.
Generally, entrepreneurs look for talented and capable candidates, but sometimes it is
also about hiring experienced candidates.
Since innovative skills are in demand, the hiring process is sometimes quite rigid.
Throughout the interview process, attention is paid to a specific skill, such as the ability
to make phone calls for sales purposes.
To read more, click here.

33. Factorsthat are responsible for the success of
a startup
There are a few things that are essential for the success of a startup.
Apart from hard work and dedication, the entrepreneur also needs some business
models and business tools to make the plan work efficiently.
So, it is necessary for every entrepreneur to know the various business and financial
tools.
Also, it is very important to make good contacts as an entrepreneur which can prove to
be crucial for future business prospects.
To read more, click here.

34. Moreover, the plan is to succeed with customer satisfaction.
So, it is always beneficial for any businessman to maintain business decorum and
remain positive in the eyes of people.
Factors responsible for making any startup successful are :
 Positive stress management skills
 Acceptance of changes
 Discipline
 Funding and financing

35.  Creating beneficial contacts
It is only a question of confidence that distinguishes every entrepreneur.
Those who have positive self-confidence develop effective and successful startups.
But it is important to respect the spirit of any entrepreneur who is trying to change
society.
The process behind creating a startup is quite rigid and requires the full dedication of an
entrepreneur.
Leadership skills are essential for an entrepreneur as it helps him to run the business
well.
To read more, click here.
CONTINUE READING
ENTREPRENEURSHIP
What an Entrepreneur Must Assume When
Starting a Business?
Published
4 weeks ago
on
November 1, 2021
By
Rasi

36. Starting a business is not easy. It’s so much more than just coming up with an idea,
getting funding, and opening the doors. To succeed, what an entrepreneur must
assume when starting a business? Entrepreneurs must assume many responsibilities
and risks, such as expensive startup costs and long hours.

37. First, there are many legal considerations to take into account. For example, you’ll need
to register your company as a legal entity, choose the type of entity (e.g., corporation or
limited liability company), and determine how equity will be distributed among owners
(e.g., by the percentage of ownership or by the number of shares). Read More.
Secondly, there are significant financial considerations to make, such as what your
startup costs will be and how much capital you’ll need. This can all seem like too much
to take on alone! If this sounds like you – read on for some tips on how an entrepreneur
should start an independent business.

38. Section 1: Why Starting A Business Is Not Easy?
It’s a real question, what makes it so hard to start your own business? And, what an
entrepreneur must assume when starting a business? The problem is that it’s not hard
to start a business. But it’s very hard to make it work.
We know this because most startups will either fail or stumble into competitive
mediocrity. That’s probably the worse outcome because breaking out of mediocrity is
even harder. Of course, some start-ups do get it right and grow into profitable
businesses. Read More.
But back to the question at hand: what must an entrepreneur assume when starting a
business? In this article, I will look at the areas where businesses have been shown to
fail. I will also break these down and formulate some thoughts that can help you start
your own business.
1. Having A Good Idea For Your Startup
Too many people start their business with what they know or learned in a previous job.
They also believe that the skills they have can be applied in the same way, just under a

39. different business name. But the question remains, what an entrepreneur must assume
when starting a business?
This belief usually ends up with one of two results. First, the startup joins other
companies and competes for the same customers. Since the differences between the
companies are limited, the battle for the customer boils down to price. So the only
“winner” is the customer. Read More.
Economists call this perfect competition, and it may please the consumer, but it rarely
makes the business profitable.
The second outcome is even worse. But more typical for a start-up: the company cannot
compete on price and goes out of business.
How Can A Start-Up Avoid These Pitfalls?
The key is to develop a business idea that can operate in the opposite space of perfect
competition. Monopoly.
 The Monopoly Mindset
If you build a monopoly business, you escape competitive pressures, and competition
erodes margins and profits. Look at the difference between a company like Google and
the American airline industry. Google made a profit of 21% on $50 billion in revenue,
while the profit margin of US airlines was 20%.
A monopoly company is one that often takes a contrarian view and is guided by the first
principle of thinking. Peter Thiel, in his book Zero to One, begins with his favorite
question: on what important truth do very few people agree with you? Apply that
question to business and the question is: What valuable business is no one building?
I admit that these questions are hard to answer. But that’s what makes starting your
own business so difficult. And if you do not want to be stuck in perfect competition, then
you need to answer these questions. Read More.
2. Focus On Cash Flow Today, Value Tomorrow
What must an entrepreneur assume when starting a business? There is a naive notion
that you can start your own business with little or no money. Besides, it will generate
sales and make money from day one, making your business dream come true.
Sorry, but that’s just naive thinking.
Let us go back to the monopoly companies for a moment. Google, Facebook, Twitter,
and Tesla were companies that incurred large expenses before they started making
money. How did they stay afloat? Investments.
Investors invest in a company when they can see what it is worth, not today, but in the
future. Facebook, for example, started with no idea of how to make money. It took
Facebook 3 years to introduce Facebook ads, so the company had no revenue for 3
years. Read More.

40. Investors started investing in 2005 and kept the company afloat until it found ways to
monetize its users. Twelve years later, Facebook is worth over $600 billion.
You may be able to start a business without investors and keep it afloat. But consider
the differences. If you do not have investor money, every sale is more about keeping
the business going. That’s not the way to build a sustainable business.
Either invest yourself (if you have the funds) or find outside backers to fund the start-up
phase.
3. CollaborationIs Key To Success
It’s amazing how many one-man businesses there are, just one person against the
world. And that is exactly the struggle that every one-man business must face, with the
likely result of mediocrity.
But it’s worse than that. So, what an entrepreneur must assume when starting a
business? Because the problem with one-man businesses is that overhead is lost. A
one-man business rarely pays itself a proper wage. But the money is taken out when
there is a surplus. The overhead is lost in the fog of home-based operations, so no one
knows what the actual operating costs are. Read More.
Unfortunately, that’s not the end of the bad news. Just about every one-man business
limits its ability to grow and outperform others.
What must an entrepreneur assume when starting a business? And when you start your
own business with a co-founder, or better yet, a team, you have the opportunity to
collaborate. The moment you share your ideas and thoughts with others, you open the
door for feedback. Feedback leads to further discussions and thoughts that are not
possible in a one-man business.
In a one-man operation, every thought will be blinded by confirmation bias, which leads
to mediocrity.
4. TimingAnd Time
Time and timing are two things that are often confused in the startup world. It is often
assumed that they are the same thing, but that is not the case.
What must an entrepreneur assume when starting a business? Timing is the element
you need for your business to succeed, and it’s impossible to control. You need to
prepare for your visionary idea to come too early or too late. We rarely hear of failures
that are due to timing because they never turn into anything. This makes them very hard
to learn from. Read More.
One way to get around this problem is to reverse engineer a successful startup and
examine what role timing played. How might you learn from that?

41. With timing, on the other hand, you can exercise some degree of control over it. But you
can also easily lose control over it.
Not surprisingly, a start-up business has more control over the time it has available if it
follows the points made in the previous chapters. When it comes to starting your own
business, a monopoly idea, investors, and a collaborative approach will buy you time.
However, as I indicated earlier, not having these elements at your fingertips is just as
damaging. When you lose control of the time you have, pressure builds.
Working under pressure is not necessarily a bad thing. But it often depends on what the
reason is. When the clock is ticking and you need to make sales to stay afloat, the
dynamics at play change.
So avoid that pressure and buy yourself time by starting your own business with the
right elements in place.
5. Strategy, Planning, And Tactics
A business plan is the legendary document of any business, outlining the future of the
business. When you start your own business, a business plan is a standard
requirement. Read More.
Creating such a plan takes a lot of time and effort. Unfortunately, once it is written, it
usually ends up in the bottom drawer, gathering dust and crumbling.
Planning is an extremely important part of a successful business, and the business plan
is the roadmap that you will follow. A roadmap allows you to see what needs to happen,
when, and how.
Every business startup involves a certain amount of uncertainty, and any entrepreneur
who takes on too much is likely to end up on the road to failure or mediocrity.
To avoid this, the business plan must provide room for experimentation and iteration. A
way to figure out what works and what does not. Too many startups begin with a
preconceived idea that is fixed. If it does not work, and it often does not, iteration
becomes a way out of the impasse. Read More.
A good business plan contains a strategy that includes this, including tactics that will
allow the business to evolve.
Having a working business plan that you can refer to will certainly make starting your
own business easier.
Section 2: The Risks and Responsibilities of
Entrepreneurs

42. Most entrepreneurs are risk-takers by nature. Or, at least calculated visionaries with a
clear plan of action to bring a new product or service to market to fill a gap in the
industry.
On a personal level, many entrepreneurs take big risks by leaving their secure jobs to
put their efforts (and sometimes their own money) into starting a business.
For entrepreneurs, there is no guaranteed monthly income, no guarantee of success,
and spending time with family and friends can be challenging in the early days of
starting a business. Read More.
Here are some of the most common risks that every entrepreneur and investor should
evaluate and minimize before starting a business.
IMPORTANT TAKEAWAYS
 Entrepreneurs face numerous risks. Such as bankruptcy, financial risks,
competitive risks, environmental risks, reputational risks, and political and
economic risks.
 Entrepreneurs need to plan wisely in terms of budgeting and show
investors. That they consider risk by creating a realistic business plan.
 Entrepreneurs should also consider technological changes as a risk factor.
 Market demand is unpredictable as consumer trends can change rapidly,
causing problems for entrepreneurs.
Section 3: Legal Considerations For Starting A
Business

43. Nothing can be more exciting than the thought of opening your own business. But
starting your own business involves going through numerous processes, so your
excitement can easily evaporate just thinking about it.
Top attorneys say that knowing and dealing with the legal issues involved in starting
your business can help you go through these processes correctly and efficiently. It will
also reduce the likelihood that you will make costly and time-consuming mistakes that
can delay or negatively impact your plans to open your business. Read More.
Opening a Business: The Legal Aspects
To start your own business, you have to comply with several legal requirements. Here
are the most important ones:

44. 1. You needto understand the legal structure of your business.
One of the many important decisions you must make when starting a business is
deciding on the legal status or structure of your business.
The legal structure you choose will affect how you run your business. It will also affect
how you pay your taxes and keep your books.
The most common legal forms for businesses are:
● Partnership with limited liability
● One-person business
● Limited Liability Company (LLC)
● Corporation
● S-corporation
To decide which status is best for your new business, consider any liability issues that
may be associated with your business. Also, think about what type of tax structure is
best for your business.
2 . The Trademark
Before you choose the official name of your business, you should first do thorough
online research. Find out if another business operates under the name you have come
up with for your new business. Read More.
This way, you will avoid infringing on another company’s trademark and getting involved
in a trademark dispute.
Once you have chosen your official business name, consider registering your trade
name and logo (if you already have one) as a trademark. This way, you can prevent
others from registering their business under the same name.

45. 3 . The Licenses
You will need different types of licenses or permits before you open your business. The
number of licenses you need for your business depends on the type of business you
want to open. At the very least, you will need a business license, a commercial license,
and a sales tax permit.
If you want to open a restaurant, pub, or catering business, you will need to register with
your local food standards and health and safety authorities. If you plan to entertain on
your premises, you will also need to obtain the relevant music and entertainment
licenses. Read More.
It is best to research further and contact your local authorities to find out more about the
specific licenses you will need to legally operate your business.
4. Zoning Laws
If you are still looking for a suitable location for your store, business, or office, you need
to make sure that the area you have in mind is suitable for the type of business you
want to operate.
Again, do your research or check with local authorities to make sure you can open your
business in that area.
Do not make the costly mistake of assuming that your business park is suitable just
because your business is similar to those already there. There are cases where zoning
laws were changed while other businesses were already operating, and those

46. businesses may have been granted exemptions that do not apply to new businesses
like yours.
5. RelevantHealth And Safety Legislation
As a business owner, you have several important health and safety responsibilities.
These include ensuring that your employees work in a safe, healthy environment.
You also must look after the welfare of everyone, including customers and visitors
inside, outside, and around your business premises.
It is highly recommended that you carry out a risk assessment to identify the risks that
your business poses to individuals. You then need to mitigate these risks or hazards as
much as possible. Read More.
This may include changing some standard operating procedures and removing some
fixtures and fittings to ensure the safety of staff and members of the public.
Section 4: FinancialConsiderations For StartingA Business
A new venture means freedom like you have never experienced before. It could also
mean untold wealth, but only if you are wise with your finances. Too many businesses
close prematurely because the finances were not in order, but that does not have to be
the case for you.

47. When starting a new business, you need to make some financial considerations. After
you have secured the initial funding, you should prioritize the financial aspect of your
business.
Here are some considerations that will help you
succeed.
1. Maintain A Credit Line
To keep your business running, you will likely need access to funds other than your
initial investment. Taking out a revolving loan helps many businesses stay afloat.
“A revolving loan is a unique form of credit that is very different from a traditional loan,”
explains Jason Smith of Small Business Loans. “With a revolving loan, the lender
grants you a specific credit limit.
This limit is determined by several factors but ultimately depends on what the lender
believes you can borrow. Once a limit is set, you can max it out if you need to. If you do
not exhaust the limit, you will not have to pay any of it back or pay interest on it.
Credit cards and business lines of credit are the two most common forms of revolving
credit, each with its advantages and disadvantages. A line of credit is important for
bridging gaps when money is tight.
2. Minimize OverheadCosts
Everything you spend in a business eats into your profits. Prioritize your purchases to
minimize costs.
“Make a list of everything you need to buy or lease to get an accurate sense of your
startup and operating costs,” recommends John Gin, financial advisor and contributor
to Nola.com.
“Do you need large purchases like a store or office space, manufacturing equipment,
and computer equipment? What about smaller purchases like office supplies and
software? It’s beneficial to have a detailed list of your needs when creating a plan and
calculating your costs.”
Also consider labor costs, utilities, real estate-related expenses, and other costs of
running a business. Look for ways to minimize expenses so you can maximize profits.
3. Monitor And Track Expenses
“Most startups fail for a variety of reasons, but one is far more common than others –
they run out of money,” says Jonathan Long, founder of Market Domination Media.
“You need to know where every single dollar is coming from and where every single
dollar is going. If you do not have a handle on your cash flow, you are putting your
business in a very dangerous position.”

48. Consider hiring a full-time employee to manage your expenses. You could also invest in
quality software like QuickBooks to manage accounts and send money to the right
places. Not only will this prevent a serious cash flow disruption, but it will also make tax
season easier.
4. Make The Right Investment
Spending money is the best way to make money in business, but only if you are smart
about your investments.
“When you think about investing, you also need to think about your priorities,”
says Nazlin Amirudin of the online publication Entrepreneur Insight.
“What does your startup need versus what you want to have? For example, you can
save the cost of renting an office in a popular area by working in co-working spaces
instead… Remember, this is just the beginning. There are many more things you need
to invest in going forward.”
5. Maintain A Cash Reserve
It will not take long to deplete your initial savings. You can rely on lines of credit and
loans, but it’s often better to have cash on hand.
“A savings plan can help your business avoid paying interest on major purchases,
create a financial cushion during economic downturns, or expand your business when
the time is right,” says Craig Sievertson, SVP, Small Business & Consumer Loan
Manager at Banner Bank.
No matter what your business goals are, having a solid financial cushion can help
increase the long-term stability of your business.
Section 5: Tips For Starting A Business

49. Source: Patriot
What must an entrepreneur assume when starting a business? Starting a business is an
extensive but rewarding endeavor. Part of starting a business is doing things the way
that makes the most sense for you, but a little guidance can also help. Consider these
tips for starting your own business and implement them as needed:
1. Know Your Strengths And Weaknesses
Every small and big business owner has certain skills, abilities, knowledge, and
experience that give them an advantage when it comes to building and running a
business.
However, no business owner is so accomplished that they can be an expert in every
single process involved in building a new business. Read More.

50. While you may have to take on many different tasks, especially in the early stages of
your business, do not spend too long on them or expect to jump into a highly
complicated task without prior training. Develop a good understanding of your skills and
weaknesses so you know where to best focus your efforts.
BusinessPlanning
What must an entrepreneur assume when starting a business? Do not be afraid to learn
how to handle new responsibilities and workloads. It’s a requirement for growing small
businesses.
You also should not shy away from working with business partners, family members,
employees, independent contractors. And others to meet important needs and ensure
that important matters get done successfully.
2. Develop A Simple Business Plan And Expand It As
Necessary
One of the first things you should do as a small business owner is creating a business
plan. You must develop this important document to guide your future work and hold
yourself accountable.
But it’s also important that you do not go too in-depth in the early stages of developing
your concept. ABC News contributor Tory Johnson said that a simple business plan is
often the best approach in the early stages of developing your business.
A shorter plan, about one page or 500-600 words, can point you in the right direction
without having to answer questions that will not have solutions until later in the process.
Johnson suggested focusing on your products or services, target market and
customers, basic pricing and costs, and the work required to turn the concept into
reality. Read More.
As the work progresses and your idea gets closer to operating. You can expand your
business plan. As you go along, include more accurate estimates, actual costs, longer-
term projections, a mission statement. And a summary of the business, and other
elements that are common in fully developed documents.
3. Find SomethingYou Are Passionate About
Having a passion for something does not necessarily mean it’s your favorite activity or
type of business. It does mean, however, that you do not tire of running that type of
business quickly.
That you enjoy parts of it, and that ideally, you can use a combination of existing
knowledge or skills related to parts or all of the business to your advantage.

51. An important element of starting a successful small business is finding an existing need
and targeting it, whether it’s providing accounting services to other businesses or
starting a bakery. Read More.
Pairing that need with something that excites, interests, and motivates you can lead to
significant growth and return on investment.
This advice is relatively basic and most useful when deciding what type of business you
want to start, rather than getting a specific concept off the ground.
Focus on your passion early on and combine it with a strong business plan to have the
best chance of creating a lasting and popular business.
4. Identify Your Target Customers And The Existing
Market
It is possible to develop a great business concept and use it in the wrong area.
Therefore, you must understand the area in which you want to start your small business
as well as your target customers. An idea that might work very well in a large, densely
populated area, you may not get the necessary number of customers or foot traffic in an
area with fewer residents.
Assessing the market for your products or services, researching potential competitors,
and estimating how your business will hypothetically perform can help steer your idea in
the right direction.
You can also look to competitors and similar businesses for ideas and guidance, albeit
indirectly. Visiting their stores, looking at their websites and marketing materials, and
other information-gathering efforts can help you complete pieces of the puzzle.
5. Ask For Help Without Being Afraid
Even when a business is on the right track, unexpected problems and opportunities for
growth and improvement can quickly arise. Overcoming these problems and
opportunities is critical to long-term stability and prosperity.
As a small business owner, do not be afraid to seek alternative business financing in the
form of a small business loan from National Funding. Our quick and easy application
process can get your business a quick decision and the funds you need in a matter of
days.
Section 6: Conclusion
The life of an entrepreneur is not easy, but it can be very rewarding. It’s an exciting
career that offers many benefits, and it’s an opportunity to make your dreams come
true. It’s important to find the right balance and also to know when you need a break.

52. The things you need as a business entrepreneur are confidence, perseverance,
courage, and optimism. Just be prepared to take some calculated risks. Once you start
seeing results, you’ll find that entrepreneurship can be one of the most rewarding jobs
ever.
I wish you the best of luck on your journey!
CONTINUE READING
ENTREPRENEURSHIP
The Best Resources for Businesses: A
Complete List
Published
1 month ago
on
October 22, 2021
By
Rasi

53. It’s not easy to stay on top of everything when you work for yourself. Between
marketing, networking, and administrative tasks. Many tools can help your business run
more smoothly. However, it is difficult to know where to look for the best business
resources.

54. What do you need? A social media manager? An accounting software program? A
website builder? It depends on the type of business you have! Read More.
Thankfully, we live in an era where there are many different sites and programs
dedicated to making the lives of entrepreneurs easier. Here are some of the best
business resources out there specifically targeted at small businesses.
Section 1: The Best Business Resources For Marketing

55. Source: combin.com
The only way to make sure your company’s lead generation and strategies are up to
date. Additionally, study the current trends and learn about tips and tricks from the
experts.
That’s why we have put together this collection of online business resources for
marketers. So you can get the guidance and latest strategies you need to grow your
business.
And now, let’s dive into our list of the 10 best marketing business resources on the
internet!
1. Zest
Zest is a content-sharing platform that you are sure to love. The site’s creators know
how much information is out there for digital marketers. To “distill” that content. They
have created Zest, a community of marketers who publish actionable, relevant long-
form content. Before publishing, a post must be vetted by the Zest tribe for usefulness
and other qualities. Read More.
Anyone can use Zest. Just type in a few keywords or browse the content. You’ll find
resources on email marketing, metrics, SEO, and more. If you want to make Zest even
easier to use, install the Zest New Tab in your Chrome browser.

56. 2. Social Media Today
Social media is an important part of your digital marketing strategy. But platforms are
constantly changing. Stay up to date on the latest social media trends by checking
out Social Media Today.
Whether you want to learn the basics of social media marketing or how to use social
media for small businesses. Social Media Today has information for you. Search for a
topic that interests you or sign up to receive the latest news in your email inbox.
Social Media Today is a must-read for anyone incorporating social media into their
digital marketing strategy.
3. Hubspot
HubSpot is one of the most recognized and trusted names in digital marketing. The site
offers a variety of resources on content and inbound marketing. Learn the basics of
blogging or delve into using analytics tools. You can find it all on HubSpot.
You can browse or search HubSpot, but for the best experience. We recommend
subscribing. Use Messenger, Slack, or just your email to get tips, tricks, and valuable
information as it becomes available.
4. HubSpotAcademy
If you are looking for a more interactive experience. Then, check out HubSpot
Academy. A sister site to HubSpot, HubSpot Academy offers free training and
certifications for anyone interested in digital marketing. Choose from inbound marketing
certifications, social media certifications, or any of the many courses available on the
platform.
HubSpot Academy is constantly updating courses and lessons. So you can be sure
your lessons are based on current trends and best practices. Signing up is easy and
free.
5. Neil Patel
If you are just starting to build your online presence, we recommend starting with Neil
Patel. This New York Times bestselling author takes his subscribers step-by-step
through the digital marketing learning process.
In addition to Patel’s Marketing School, the influencer also offers a large collection of
blog posts and podcasts. Leads to help you with your digital marketing strategy.
Subscribe to Neil Patel’s newsletter to receive updates in your inbox.
6. Search Engine Journal
Search Engine Journal is another great resource for marketers of all experience
levels. The content you’ll find on the site is blog posts and articles from industry leaders.
However, if you look a little further, you’ll find e-books, podcasts, webinars, and more.
Those just starting in digital marketing will appreciate the Beginner’s Guide to SEO.
While more experienced digital marketers will love the in-depth analysis of articles on

57. Google algorithms and more. To stay up to date, connect with the Search Engine
Journal on Facebook or subscribe to one (or all) of the four newsletters.
7. Moz SEO LearningCenter
The best SEO practices are constantly changing. Who has time to keep up with the
latest news and trends? You do! The Moz SEO Learning Center offers free resources
to help you do just that. Read More.
Beginners will love The Beginner’s Guide to SEO, a ten-chapter guide to all things
search engine optimization. Looking for more information? Check out the marketing
guides, video content, and webinars offered by the Moz SEO Learning Center.
In addition to learning tools, Moz also offers some free analytics tools for website
owners. With Moz SEO tools, you can examine page metrics, research keywords, and
more.
8. SEMRush
SEMRush is much more than just a search engine marketing business resource. It is
one of the most in-depth resources for digital marketers. The articles and blog posts on
the site are generally geared toward experienced digital marketers, but beginners can
benefit as well.
In addition to the SEMRush blog, you’ll be interested in the webinars and podcasts.
You might also enjoy the games on the site. Nightmare on SEO Street and Keyword
Kombat will help you learn about SEO in your spare time.
9. IMPACT
The blog at IMPACT is a great business resource for digital marketers who want to
keep up with industry news. From Google product updates
to WordPress announcements. IMPACT’s blog contains the most important news
relevant to digital marketing.
We also love the “The Latest” feature of IMPACT. If you are pressed for time and can
not read full articles, just click on “The Latest” and you’ll get the most relevant
headlines. Alternatively, you can subscribe to The Latest to get it delivered to your
inbox. Read More.
10. Copyblogger
Copyblogger is a little different from the other business resources mentioned. While
many of the sites on this list are a great way to keep up with digital marketing news.
Copyblogger’s focus is more on how to improve your content. Here, you’ll find tips on
how to improve your writing, increase engagement, and even overcome writer’s block.
Add Copyblogger to your RSS feed for a daily dose of inspiration. You might also
want to check out the free training the group offers. Especially if you are new to digital
marketing.
Section 2: The Best Business Resources For Networking

58. When it comes to keeping a business running. There are a few tasks as demanding as
network administration. A network administrator’s job is not only to protect the network
but also to keep it running at maximum efficiency.
In a world where cloud services and distributed computing systems are constantly
evolving, administrators are forced to constantly adapt. That’s why we have compiled a
list of networking websites and resources to help you learn new skills. Read more.
In a modern business, you have to juggle a multitude of tasks. If you miss threats or
respond poorly to a threat. It can cause the entire network to fail. Therefore,
administrators need to constantly absorb new information, which means keeping up to
date with new technologies, best practices, and other professional insights.
In this article, we have compiled a list of resources to help administrators stay on top of
their daily management tasks.
Here is our list of networkingwebsites and resources:
1. Stack Exchange
First of all, we have Stack Exchange. Stack Exchange brings together several Q&A
sites such as Stack Overflow, Super User, and Server Fault. All of these sites
provide a wealth of content relevant to network administration. To use Stack
Exchange, all you have to do is type a question into the search bar at the top and you’ll
get several results to sift through.

59. 2. Hacker News
Hacker News is a user-driven website that allows visitors to submit articles on topics of
their choice. If you type ‘network administration’ into the search bar, you’ll find an
impressive selection of articles to browse. If you want to access more current sources or
opinions, you can also filter your search by date.
3. High Scalability
High Scalability is a website dedicated to helping users grow their network
infrastructure. Numerous articles will give you solid insight into improving your
company’s internal strategies.
Articles like ‘The Always on Architecture – Moving Beyond Legacy Disaster Recovery’
are helpful if you want to go beyond your current limitations and implement more
evolved best practices. Read More.
4. Spiceworks
Spiceworks is one of the most well-known network monitoring solution providers.
Therefore, they have accumulated a lot of knowledge in the Spiceworks community.
The Spiceworks community regularly posts content that helps other users stay up to
date. It is, therefore, a great resource for anyone looking to improve their skills.
5. Debian
Administrators working with Debian systems often use debian.org to increase their
knowledge and keep up to date with current updates. If you need guidance on using or
securing Debian systems. You should definitely consider this resource, as this website
offers a large archive of articles on the subject.
6. Reddit
Reddit is one of the most underrated resources for network administrators on the
internet. Reddit is a social news site where users post to subreddits. There are
thousands of subreddits. But the most important ones for network administrators
are r/sysadmin and r/networking. All content is user-submitted, but you get a wide
range of opinions from a community of experts.
7. Daily VIM
VIM is a text editor that runs from the terminal. If you are familiar with VIM. Then, Daily
VIM is a resource that provides several guides and tutorials to help you get the most
out of the program. There are not many new posts, but a library that can help you is
more than enough.
8. The Daily WTF
If you are looking for something more lighthearted, then The Daily WTF is the site for
you. On this site, you’ll find articles blowing off steam about the intricacies of
integrating SaaS solutions and other mundane topics that administrators can relate to.

60. You may come across some technical how-to’s here, but the content is more
entertaining than informative.
9. Tech Target
(SEARCHNETWORKING.TECHTARGET.COM)
Tech Target is a well-known site when it comes to technology insights, and networking
is an area they cover exceptionally well. Articles are discussing the intricacies of
virtualization down to the basics of the OSI model. This is the place to go if you want to
learn about new technology.

61. Communication in the OSI-Model (example with layers 3 to 5)
Source: Wikipedia
10. Internetwork Expert

62. Internetwork Expert is a website that specializes in helping network administrators and
other IT professionals prepare for CCIE certification.
The site has a library of more than 11,000 videos and a variety of courses available for
purchase. What makes this site special is that you can specialize your training by
product. For example, if you want to improve your AWS skills, there are courses
specifically on that topic.
Section 3: The Best Business Resources For
Accounting

63. Small business owners benefit from accounting software. Because it helps them track
receivables and payables, have a clear view of their profitability, and be prepared for tax
season. Read More.
In the accounting software world, a small business can use out-of-the-box software.
Without requiring extensive customization. As a business grows, the accounting
requirements become more complex and a customized enterprise resource planning
(ERP) system is often needed.
There are many different types of accounting software available for small businesses
with varying features and price tags. In general, the type of industry and the number of
employees are two factors that can help a small business owner choose the appropriate
accounting software. Read more.
For example, a freelancer may not need the same accounting software features as a
restaurant owner.
We researched and compared nineteen accounting software providers before selecting
the five most appropriate for small businesses. When evaluating the companies, we
considered cost, ease of use, features, integrations, and scalability.
The 5 Best AccountingSoftware for Small Businesses
for 2021
 Overall: QuickBooks Online
 Micro-Business Owners: Xero
 Service-Based Businesses: FreshBooks
 Part-Time Freelancers: QuickBooks Self-Employed
 Free Software: Wave
Section 4: The Best Business Resources For Website
Building

64. Looking for the best small business website builder?
Having your website is more important today than ever before. Your customers are
looking for you online, and using social media alone does not give you much control. A
website adds professionalism to your business and gives you more flexibility and
options.
But for small businesses with tight budgets, hiring a designer or web developer to create
a website can be one expense too many.
And let’s face it, running your online store already takes up enough of your bandwidth.
Finding the time to learn HTML and CSS code yourself just is not an option.
In this review, we will introduce you to the best website builders for small businesses
and have created a handy table of contents. If you are interested in a particular builder,
click the links below to go directly to it:
The best website builder for small businesses
1. Self-Hosted WordPress: Best choice for any business
2. Web.com: Powerful DIY website builder for beginners
3. HubSpot Website Builder: Best builder with marketing automation
4. Wix: Quick builder with simple templates
5. GoDaddy Website Builder: Easy builder to create a simple site
6. Gator Website Builder: Simple and budget-friendly builder
7. MemberPress: Best membership site builder
8. Weebly: Popular simple site builder
9. BigCommerce: Best for powerful eCommerce websites
10.Squarespace: Popular simple builder with modern designs

65. You may notice that we did not include some popular options like Shopify, Jimdo,
or Duda in our list. That’s because our list focuses only on the best website builders,
not the most popular ones.
Section 5: Conclusion
The first steps you need to take to start a new business may be a bit daunting, but with
the right business resources. You will make it into something great. It still takes hard
work and determination to make a business a success.
A crucial part of a business is the resources that are available to carry out the business
activities in the best possible way. To get the most benefit for the business. It is always
best to first determine what the resources are for a business and which ones your
business will need.
The business resources are defined as: ‘an economic factor needed to carry out an
activity or as a means of achieving the desired result’. Therefore, all current and
potential new business resources must be managed very well.
CONTINUE READING
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