There are about 28 million small businesses in the United States alone, which is, however, whopping up 99.7% of the businesses in the country as per the statistics of Small Business Administration. When you are considering some fresh ideas to start a business on your own and design your own career which is flexible to grow with you – there is no wonder why small businesses are nourishing everywhere.
But it is not an easy or instant success if you are positioning a small business into a highly competitive market. Other statistics show that hardly about two-thirds of the new businesses only survive beyond two years, and only half of them survive after five years. So, you may be into a real challenge while deciding to join the bandwagon of entrepreneurs by ditching your day job and turning out to be a businessman.
When it comes to business success, there are no shortcuts, and it is important to make sure that you follow all necessary steps while establishing a business to set a strong foundation to build on.
We have been discussing about various steps and considerations in startup business establishment in many articles in this series, and this one is dedicated to setting up a small business database, which will help you not only to gather and safeguard all your user info but also can make use of it when needed including the latest needs of data analysis and business intelligence, etc.
Do proper research
Whatever requirement you come across while planning to move ahead with your new business (including setting up a database) you need to have a realistic understanding of your needs and the existing market standards to be compliant with. You have to first run proper research in order to understand these needs and further plan perfectly.
In terms of database software, the right choice needs to covert the columns and rows of data you collect to the most valuable business information, which can drive your business towards success. A typical database nowadays is much more than simply columns and rows of information. Whatever kind of business you own, you need a unique way to host your data which is pumping in through various sources and want to build it steadily.
Further, we will discuss a few essential things to consider while you are choosing the best database software for your business data management.
Choosing the best type of database for your startup business
With multiple options in terms of DBMS (database management systems) as web, desktop, server-based, cloud, etc., it can be overwhelming for the new business owners to understand these concepts and choose one ideal. The offerings of database software now go beyond the traditional technologies too to include some specialized products focusing on latest concepts like in-memory, unstructured info storing against column stores, etc., which can bring a variety of values to businesses.
There are both advantages and disadvantages of using each of these database platforms, but the RemoteDBA.com experts stress the importance of choosing a DBMS which best suits your needs. At the minimum, you have to opt for one which offers user-specific customization tools and comes with reliable support. The enterprises should keep in mind the fact that choosing ideal database software is also a critical business decision, which will benefit in the long run as like any other resources.
Even though this process may be time consuming and overwhelming, it is worth spending time on making this consideration. All too often, the young new business owners tend to end up in a disaster by wasting money and effort by trying to fit the square peg into the round hole. For better decision making, first, let’s explore various types of databases.
Different types of databases
- Desktop database: It is the simplest and inexpensive mode of database solution, which is ideal for single users and can run on your desktop or laptops at a minimal cost.
- Server-based databases: Most of the times, the need is to set up multi-user databases, where server database systems are essential, which will enable organizations to store a huge amount of data simultaneously. Some of the known products in server-based databases are MySQL, Oracle, Microsoft SQL Server, etc. These have a comparatively larger cost.
- Web-enabled databases: Nowadays, database components have the scope of web integration alongside desktop database platform. The products like Microsoft Access etc. are an example. This is also an inexpensive mode of setting up the database but may not ideal in all situations.
- Cloud database: Cloud DBMS is the latest in the suite, which offers Database-as-a-Server (DaaS) model, which is both cost-effective and also scalable to any degree based on the user needs.
Choosing an appropriate database software
The business database users need to first ask the question to yourself as to what the value you want to get from the data you collect and what could be the right tools to achieve it? Your database decision is based on your data volume, organization size, your budget, and also for what purpose your data is used for. To get it at the first point you need to have a strategic plan.
You need to outline a proper strategy and then complete the financials which illustrates the right scope of the database software and its administrative objectives. Next, decide what kind of information you want to store in the database and from where and how you access it. You need to sit with a DBA expert in order to assess your needs versus the available DBMS features to devise a custom solution than fitting yourself into an off-the-shelf application.
Consider the budget; you can choose the adequate packages by ensuring that it can be later scaled up based on your ongoing needs. Before selecting one, always consult it with the key players and various departments of your organization too to incorporate their feedback too while adopting the database technology. Understand the staff also needs while defining the nature of the database you need.