Small business owners often feel swamped with menial tasks. Although, many of these tasks are essential for success in the business world, and most take less than an hour to complete. For example, it’s essential to apply for an Employer Identification Number to deal with taxes. Also, obtaining a quote for business insurance takes barely any time, and could be useful in the long run. Some other important business tasks that take little time are switching to a password manager, backing up vital data, and applying for a business bank account.
- A business bank account is necessary to keep your business and personal financials separate.
- For security purposes, use a password manager and backup your data regularly.
- Google Forms and SurveyMonkey can be used to survey your clients and customers.
“An Employer Identification Number is like a Social Security number for your business.”