Question

Question: We live in a world of applications. How can applications help entrepreneurs to achieve their goals and objectives, State 6 applications which can help them improve and achieve their targets? Example: Fitness celebrity, which app could help him/her to boost their business Your report should be 1200 words. The report should at least include: • introduction: defining an entrepreneur, define the apps body: how does this particular application help an entrepreneur, analyse and explain conclusion references • •

Answer 1

REPORT ON IMPORTANCE OF NECESSARY APPLICATIONS FOR ENTREPRENEURSHIP

• Introduction

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. And an app is computer software, or a program, most commonly a small, specific one used for mobile devices. The term app originally referred to any mobile or desktop application, but as more app stores have emerged to sell mobile apps to smartphone and tablet users, the term has evolved to refer to small programs that can be downloaded and installed all at once. There are thousands of apps designed to run on today's smartphones and tablets. Some apps can be downloaded for free, while others must be purchased from an app store. To sustain and upgrade in this world of technology, an entrepreneur must need few software applications in their smart gadgets, be it smartphone, tablets, pads or so.

• Importance of applications

1. Customer engagement- The best thing about the mobile channel is that it gives companies the potential to engage with their customers in real-time, by location and complete with profile information.

2. Customer service and support- Making it simpler and more efficient for your customers to get in touch with your company and offering them tools to make their life easier while using your products or services can be a great reason to develop a mobile app.

3. Promotion- One of the most popular means to monetize is offering coupons. And mobile adds an interesting layer of location-based push notifications to the coupon economy. Imagine being the owner of an apparel store in downtown New York with thousands of people walking within a one mile radius of your outlet. If they were to get notified on their mobile phones with a coupon from your store when walking by, they'd increase the likelihood of having them visit by providing a timely reason.

4. Selling- If entrepreneurs sell their products or services online, a mobile app may be an option worth considering. This gives customers the mobility to do the same things they would traditionally have done sitting at their desks, but on their phones.

There are many examples for this in which online retailers have extended their offerings to customers who want to shop on-the-go using their mobile phones. An application is a planned and structured process to meet the needs. Use of application assists in elimination of human errors, therefore allowing effectiveness and consistency. Its use is important for completing business tasks and reporting the organization’s activities. It increases efficiency and effectiveness of the company’s activities. Moreover, it helps in performing the business activities in shorter period of time that reduces the work load.

The purpose of all application is to maintain and control the business. It is one of the most important assets for business efficiency. The software manages the tasks of the entire organization. Many standard applications are available that helps in fulfilling business requirements.

A software program makes data structure and documentation easy that helps in running a complicated business operation smoothly. Businesses choose software solutions for professional expertise, customer-centric approach and a cost effective mechanism to maintain fast and secured business units.

Use of software helps in knowing financial positions, profit and loss and financial strength of an organization quickly. Accounting software generates all kinds of business reports in the least possible time that can be sent to related person via e-mail.

• 6 applications that can help entrepreneurs

1. Skype

Skype allows to communicate with people through video chat or conferencing. All that is needed to do is download the program onto system and have a functional webcam and microphone. The service is free and just need internet access. It allows to have a conference with business partners halfway around the world through its ability to video conference. Video conferencing also allows them to build a stronger relationships with customers, colleagues, and business partners.

2. Slack

Slack is a sophisticated instant messaging platform that helps entrepreneurs to send direct messages to respective teams and organize conversations into separate personalized and public channels.

The easy-to-use app allows to drag, drop and share images, docs, PDFs in the live chat. They can add as many users as they want. The best part is, it is smart enough to automatically archive messages, notifications and files with proper indexing.

3. Buffer

Buffer is a software application for the web and mobile, designed to manage accounts in social networks, by providing the means for a user to schedule posts to Twitter, Facebook, Instagram, Instagram Stories, Pinterest, and Linkedin, as well as analyze their results and engage with their community. With the help of this app entrepreneurs can share their post across several social networks, can also schedule content using Buffer to make sure it’s posted at the optimal time for your followers to see it.

4. Quickbooks

QuickBooks is basically account manager that comes handy when entrepreneurs need a software solution to take a comprehensive view of company’s financial status. It gives a seamless access to various accounts including bank account, credit card, square and other online wallets. On the whole it simplifies your business taxes and tracks your business expenses, sales, financial reports, invoices and payout.

5. Pocket

Sources of inspiration don’t always come at the most opportune times, so we need some way of keeping track of those little light bulb moments. That's where Pocket comes in. Whether scrolling through Twitter, reading favorite newspaper or even watching the latest viral video, Pocket allows to save anything to be accessed offline later. With one account, an entrepreneur can save anything from one of over 1500 apps Pocket integrates with, and access it across any one of their devices with convenience.

6. Triplt

We know that entrepreneur may need to travel a lot for business purpose. When they are travelling across the globe, trying to juggle clients, meetings and usual workload, the last thing they need is a lost travel document. With TripIt they don’t need to worry about that, because it puts all travel plans into one, easy-to-navigate itinerary. Whether it's flights, car rentals, hotels, or even directions, all they need to do is email them to plans @tripit.com and they’ll work their magic - just open up the app, and it’s all there.Their info is even available offline, so they can check on vital details even while they’re in the air.

• Conclusion-

Today smart gadgets have become man’s best companion. Everyone interact with the virtual world through our mobile phones and this is more time than how much one interact with others. Applications are usually 1.5 times faster than mobile websites and they perform actions much faster too. Small businesses are increasingly using smart phones to keep a tab on existing customers and acquire potential customers. The simple and free instant messaging and audio and video sharing app has emerged to become another powerful tool for small businesses, empowering them beyond limits. So we can conclude that an entrepreneur must need at least these applications to grow and achieve the target faster.

• References-

​​​​​​​​​​​​​​1. https://www.entrepreneur.com

2. https://www.million.my

3. medium.com