Every business needs a reference point when making decisions about the next operational tool they need. Community feedback is the most impactful advice. Think of it as community service!
We get a lot of young companies that are using 5 different apps for one area of operations, and none of them are talking to each other. This makes it extremely hard to see what’s happening in the business at a higher level. One important thing that Stacklist does is that it lets you know when you need to start adding things to your stack. Don’t add it all at the beginning. Keep it clear and simple. You don’t need 4 separate things to pay freelancers and employees and pay bills and reconcile accounts. Referring to Stacklist can help you see what tools you really need at every stage. You can get help knowing how many employees you need, for example, to make adding Expensify worth it. Because when you add tools unnecessarily, or when they fail for you, it’s such a pain for everyone and your data to move to the next solution!
We take it really seriously when we talk about financial systems, HR, recruiting, project management, etc. As a company grows, if you don’t have these foundational skills early, it quickly snowballs into something unmanageable and very often costly to fix. On our end, the first year is so important to your financial history; it’s when you build your first balance sheet. It’s not the most exciting thing you want to be thinking about, but when you need a line of credit, it’s important to have that financial history from day 1.