Australians share more than values with our western allies: We share similar digital ecosystems and an entrepreneurial landscape that is almost identical except for our scale. The United States, like many other nations, has recently seen a sharp increase of new entrepreneurs stepping onto the market as the global pandemic caused a scramble of innovation and creativity in the business ecosystem. Well one could argue that Australians could not leave the house to actually go and form a new business. Nevertheless, currently, the United States leads in the race, having the best suited entrepreneurial environment followed by Switzerland and Canada as reported by a recent Freshbook annual survey report.

In recent years, a lot has changed in the landscape, as small business owners become younger, more diverse and in a recent survey, nearly 1 in 20 of small business owners in the U.S. have no college degree or held any form of traditional full-time employment before starting their business.

As young entrepreneurs pivot us into the next industrial revolution, a set of business tools, now largely used around the world, have helped hundreds of young business entrepreneurs shape and establish themselves and we listed the top five tools every entrepreneur should be using right now.

The Really Useful Information Company (TRUiC)

Whether you’re an entrepreneur starting a small business online, or even looking to form a new LLC, C Corp or S Corp - TRUiC provides new entrepreneurs with a library or information, resources and information. The popularity of TRUiC lies in its ability to provide not just information but also tools such as a business name generator, logo design, business planner tool and an LLC name search engine. These tools, among others, can help entrepreneurs quickly find solutions to more hands-on issues when first starting out. The use of Artificial Intelligence (AI) that TRUiC incorporated in its tools shows us just how far we’ve come.

Slack

Slack has slowly made a big name for itself in recent years as the pandemic forced millions into remote work. Now, Slack has become one of the top-rated communication tools for one-on-one meetings, group chats, and project management. The platform makes use of advanced software to deliver a seamless user experience. Additionally, Slack has improved some of its features and allows for the integration of other apps on smart devices and desktop computers.

HelloSign

Business owners and entrepreneurs will share the tedious activity of printing, signing, and scanning hundreds of documents throughout their lifetime. What HelloSign has done is made all these activities less tedious and streamlined the entire process. The platform allows you to read, fill out, sign, make adjustments and share any form of document. From tax submissions to legal agreements, HelloSign saves time and organizes all your important documents in one secure place.

Clarity.FM

The internet holds thousands of blogs, articles, surveys, and information concerning a business. In a few simple clicks, you can have access to all of it from anywhere in the world. Although this is ideal, searching for the right piece of information through hundreds of web pages can become extremely time-consuming. Clarity.FM removes all of this and puts you in direct contact with a professional or community expert. You can now have a conversation with an expert via chat rooms or on a phone call, making it easier for you to find solutions and information on specific business queries.

Invoice2go

In the past, business owners had to put aside hours in their daily operations to generate invoices for customers and suppliers. Now, Invoice2go has made the process simpler by offering a smart and simple app that gives business owners the ability to generate an invoice on the go. Invoice2go has made financial administration a lot easier, and new entrepreneurs can find some solace in keeping track of any incoming or outgoing invoices as their business grows.

Conclusion

It’s not to say that these tools will exactly help any entrepreneur, but overall we’ve noticed that it makes the job a lot easier. Being a young entrepreneur in the modern business world has already brought a host of challenges, but these tools, among others, have made the hard work easier to control and understand. Yet, it’s not to say that becoming an entrepreneur is easier than a decade ago, there are still a host of challenges apps and software can’t solve, but over time technology has advanced our ability to find modern solutions to issues that have burdened business growth.