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A €150 million injection is a welcome surprise for Bulgarian entrepreneurs, as was recently announced at the Sofia Startup Show. For entrepreneurs, cash is always top of mind when running the day-to-day activities, which means careful attention should be paid to helpful tools that won't drain the budget. Online tools that help with CMS and CRM are a good place to start, but for the event management companies, a little more is needed. Discover online tools that will help set these businesses apart.

Communication Platforms To Keep The Team Informed

For employees, one of the biggest pet peeves is receiving multiple emails throughout the course of the day. Another is when those emails come through at midnight hours and they happen to have access to them at home. Not only will they feel under pressure to respond, especially if it's a short one, but it will also zap creativity as there is no thought process or cut-off going on at that time of night. A far easier way to communicate with staff without having the email burden is through chat services like Slack and Basecamp. Employees can choose to snooze their notifications during specific times, and it also gives them the opportunity to work through quick conversations without having to check their email inbox.

Online Based Sales vs A Paper Nightmare

For an event management company, one of the worst things that could happen is the lack of supporters. Not only does a failed event spell doom for the company in terms of revenue, but also does a fair amount of damage to its reputation. It's important to create enough hype about an event in order to get the right crowd interested. Social media works well to promote events and boosting these events are simple and cost-effective. It's also important to make the event easy to attend, which is where online ticket sales come in handy. It might also be a good idea to create relationships with online influencers who can promote the event.

Get To Grips With Cash Flow

One of the hardest parts to get an event off the ground is by ensuring that the budget is adhered to. Businesses can use online software such as inDinero to ensure they keep within the parameters of the project. They may also want to create specific tasks and make notes to ensure they meet the timeline as well and tools such as Trello and Asana prove to be invaluable, especially when setting up tasks for employees.

Event management businesses are admin intensive and with the help of online tools, the admin doesn't have to result in a paper nightmare. Budget, timing, and organization can all be done on a single device. Communication between the various departments remains open and convenient, which is crucial to the success of the business.