10 Online Tools and Tips for the Budding Entrepreneur

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10 Online Tools and Tips for the Budding Entrepreneur
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Budding business owners should go virtual wherever and whenever possible. In a fledgling startup, the last thing you need to worry about is excessive infrastructure or expensive overhead. It's already a difficult enough task to generate income and garner clients. Why spend that precious revenue on something as useless as an office space?

Your ego might try to get the best of you, telling you that your business needs that fancy schmancy corner office with a city view. But unless your ego has a few hundred thousand dollars to cough up for rent and amenities, kindly tell it to shut up.

Plain and simple: The vast majority of startups -- and more established businesses for that matter -- don't need a whole lot. In the last several years there have been a multitude of virtual business services that have become essential to millions of business owners. But in a world of apps and redundant SaaS, which programs and services are best for your business? I asked a panel of successful young entrepreneurs what virtual tools they use to stay lean, effective and productive.

1. Cloud Computing is Essential

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- Shama Kabani

Company Name: MarketingZen

Twitter: @Shama

Facebook: Shama Kabani:

2. "Virtual" Doesn't Mean "Alone"

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- Natalie MacNeil

Company Name: Imaginarius

Twitter: @NatalieMacneil

Facebook: Natalie MacNeil

3. Project Management is Essential

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- Devesh Dwivedi

Company Name: BreakingThe9to5Jail.com

Twitter: @Break9to5Jail

Facebook: BreakingThe9toJail

4. Know the "Must-Haves"

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- Louis Lautman

Company Name: Young Entrepreneur Society

Twitter: @louislautman

Facebook: LouisLautman

5. Take Advantage of Subscription Services

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- Matt Mickiewicz

Company Name: 99designs

Twitter: @sitepointmatt

6. Keep Your Systems Simple

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- Kent Healy

Company Name: DontGetBurnedBlog.com

Twitter: @Kent_Healy

Facebook: Kent Healy

7. Utilize an Online Fax Service

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- Ashley Bodi

Company Name: Business Beware

Twitter: @BusinessBeware

Facebook: Ashley Bodi

8. Make Use of Virtual Offices

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- Kris Ruby

Company Name: Ruby Media Group LLC

Twitter: @sparklingruby

Facebook: Kris Ruby

9. Outsource Your Engineering to oDesk -- For Cheap!

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- Eric Bahn

Company Name: Beat the GMAT

Twitter: @beatthegmat

Facebook: Beat The GMAT

10. Reduce, Reuse & Recycle

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- Elizabeth Saunders

Company Name: Real Life E®

Twitter: @RealLifeE

Facebook: Time Coaching

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