Four Startup Challenges that Technology Can Help Solve

internal wikis to capture FAQs and best practices, and reference information.

An important part of collaborative innovation is creating a repository of ideas. Dropbox is popular, as it provides a centralized location for teams to store, share, and access files anytime and anywhere.

Get Your Brand Noticed

When MetricStream was launching GRCIntelligence.com, we needed a logo. So we turned to 99designs, a large online graphic design marketplace that connects designers with customers. For $299, we launched a logo design contest, received over 100 entries, and picked our logo.

But getting your brand noticed takes more than a logo.

Many people are talking about the Dollar Shave Club—a startup that shot to fame after the company’s funny YouTube video went viral. The video, which cost just $4,500 to make, has already been viewed over ten million times. What a way to get your brand noticed!

Videos are a great tool to create lasting impression on customers. And if you don’t have the budget for a professional videographer, a handheld camera will work just fine.

There are many other cool and cost-effective marketing tools. Want to create a company website? Opt for WordPress—it’s free, and offers thousands of plugins and themes. Want to begin conversations around your brand? Build a Facebook or Twitter presence. Want to know who’s discussing your company or industry? Explore Google Trends or Alerts.

To develop a good website SEO strategy, choose from tools like Google’s Keyword Tool to check for monthly search volumes, Raven Tools or Majestic SEO for research analysis and link-building, and SEOMoz (now known as Moz) to track keyword rankings and links.

And at the end of the day, don’t forget to measure the effectiveness of your marketing strategies. Google Analytics is good at helping you calculate sales and conversions, and determine ways to keep your customers coming back to your site.

Conclusion

Putting together the right toolkit for your startup is important to get your business up and running. But first, take the time to properly define and prioritize your business strategies and goals. This will help you zero in on the tools and systems you need and don’t need. For instance, you might not really need the cloud. So be clear about what you want. Do the research. Be realistic about your budgets. And if you find something that works, stick with it.

Author: Shellye Archambeau

Ms. Archambeau is the CEO of MetricStream, a Silicon Valley-based, Governance, Risk, Compliance (GRC) and Quality Management software company that helps companies around the world improve their business performance. Under Ms. Archambeau's leadership, MetricStream has grown into a recognized global market leader with over 1000 employees around the world. The company has been recognized for growth and innovation, and has been consistently named a leader in GRC by leading independent analyst firms. Ms. Archambeau has proven global business expertise combined with public policy passion. As a member of the board of directors for the Silicon Valley Leadership Group, a nationally recognized organization focused on fostering a cooperative effort between business and government officials to address major public policy issues affecting Silicon Valley, Ms. Archambeau has led initiatives and Washington, DC delegations to address regulatory compliance and improve governance. She served on the Board of Directors, and the Audit and Technology committees for media research company, Arbitron, Inc. [NYSE: ARB] from 2005 until acquired by Nielsen in 2013. She currently serves on the board of directors of Verizon Communications Inc. [NYSE, NASDAQ: VZ], a global leader in delivering broadband and other wireless and wireline communications services. Ms. Archambeau is a sought after speaker who has presented on GRC issues around the world to Fortune 500 corporations, members of Congress, and associations including IIA, ISACA, and NASDAQ. Ms. Archambeau is frequently quoted in top-tier media including the Wall Street Journal, New York Times, Compliance Week, Silicon Valley Business Journal, and currently pens a column on leadership and entrepreneurship for Xconomy. In April 2013, Ms. Archambeau was named the “#2 Most Influential African American in Technology” by Business Insider.