NEW YORK (MainStreet) Most great businesses at their inception are short on cash. The issues facing most new companies, even amid the excitement of a promising new product, can present logistical headaches. But with the latest technology, there are few quick savvy ways to save money on your start-up and conduct business more efficiently. Here are our tips:
Square Register: Square Register is a credit card reader that works with the iPhone and iPad. It syncs with your bank account and takes a 2.75% service charge. Jack Dorsey, the co-founder and chairman of Twitter, and his longtime friend Jim McKelvey, a glass blower from St. Louis, invented Square in 2009. Jim had just lost a sale on a $2,000 glass piece, because he was unable to accept credit cards, and the idea for square was born so that he or anyone like him would never miss another sale.
Katie Baynes a spokesperson for Square explained, "We launched Square Register with the goal of replacing the point of sale system with a beautiful, intuitive display that anyone could use anywhere. We support businesses of all sizes, from the individual making a one-off sale, to the coffee shop with hundreds of daily transactions, to house call doctors, lawyers and even chain businesses."
Square Register is a free application and the reader itself costs $10 to purchase through www.apple.com. Once that account is registered the customer is given a $10 credit in their account.
Business Plan App: The business plan app is easy to read through in a cab before a meeting, and it can provide quick definitions of basic financial terms such as fixed cost. It also provides templates for business plans, operating budgets, and cash flow budgets among several others. Mogens Thomsen is the founder of Business Plan. He commented, "You don't sit in your room reading a 500 page business plan book before you start. The business plan app is the book you read when you are on the move the best business plan book is the one carry with you. It gives you business essentials to startup in a practical none-academic way." Business Plan is available in App Store and costs $8.99.