Small Business Calculators Every Entrepreneur Should owe: – Bill Gates the most successful entrepreneur of the world. Here, he is going to suggest some of the most useful tools for the success of your small business. First, as a practical entrepreneur you need to ask few questions from yourself!
- What sources do you have to start your business?
- How much money is required?
- Can you get a loan or credit card for your start up?
- Can you manage the loan installments?
- How you will decide your marketing campaigns effectiveness?
According to Bill Gates, these are the good questions that every successful business startups should ask themselves to make a confident financial decision.
- Do you think you are able to answer these questions?
- Do you believe you have created a good system in place to get the answers of these questions?
No matter, in which stage of business are you, whether it’s in the early stages or a growing business! Here, Bill Gates going to explain some of the small business calculators that can help you in analyzing different aspects of your business.
Small Business Calculators for every Entrepreneur
Here are few of Bill Gates favorite free small business calculators every entrepreneur must owe.
- Startup Cost Calculator
It helps you estimate the startup cost of your business. You can’t miss some of the most common expenses of your business.
- Cash Flow Calculator
This is a great tool to show you, how carrying inventory, B2B sales and fast growth can absorb your business’s money. You can see the immediate effect on your cash flows by changing the different variables.
- Business Loan Calculator
Utilize this easy loan calculator, if you are going to obtain loan. This easy tool helps you to determine your payment terms. You can find out your loan amount, interest rates and other terms of load with this calculator.
- Credit Card Calculator
This should be your firsthand duty to know that how long it will take to pay off your credit card debt. You shouldn’t have any business debts on your personal credit card, if you have, simply transfer business balance to your business credit card instead.
- Email ROI Calculator
Are you planning to start email campaign to drive traffic to your website? Then, consider using this calculator to determine your return and investment.
- Business Lease Calculator
Thinking about leasing business equipment instead of getting loan? Consider using this calculator and estimate your monthly payment.
- Investor Offering Calculator
A great tool to know who will get what after leaving the investment table
- Pay Per Click ROI Calculator
This calculator is simply a lifesaver, no matter which pay –per click campaign are you using! Direct Mail Marketing ROI Calculator: Manage your marketing budget, and Return Over Investment by utilizing this simple tool.
- Conversion Rate Calculator
This is really a handy calculator to improve and review your website conversions. To become an efficient entrepreneur, add these simple tools to your daily life and get the fast answers of your key questions and make a significant impact of success on your business
Hello everyone! This is Richard Daniels, a full-time passionate researcher & blogger. He holds a Ph.D. degree in Economics. He loves to write about economics, e-commerce, and business-related topics for students to assist them in their studies. That's the sole purpose of Business Study Notes.
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