Making Bank….Eventually
Payroll is tricky. It is also an essential component for any small or large business. Without payroll, no one gets a check. Without a check, employees don’t make money. Without money, there is no business. Millennial Entrepreneur, Tomer London is a co-founder of a company called ZenPayroll. The title describes it all. He obtained degrees from Haifa’s Technion Institute and from Stanford’s graduate engineering program . As a younger boy, he created software to help with communication issues for new users to the English language, and an inventory system for his father’s clothing store. Innovation, creativity, and productivity are nothing new for this young entrepreneur. His experience with developing other software and his sharp intelligence make him an entreprenurial force to be reckoned with.
Technology
ZenPayroll is all about ease of use and efficiency. It uses a simple template that can be downloaded in mere minutes. The specifics of the program can be conformed and designed specifically for different needs of small businesses. It takes a daunting task and condenses everything in a ready to use program. ZenPayroll stands a chance to really switch up the market because other companies have not updated or streamlined their programs in a while. People are used to what they have, so there isn’t much incentive to make innovative technology. ZenPayroll sees it differently. Small businesses need a payroll system that fits their every need. Tomer London recognized this, and really stands a chance to make a difference.
Why ZenPayroll?
The question is….what makes this company different from already established and frequently used payroll programs? Cost. Affordability. Big Investors. Motivated founder. ZenPayroll is not currently making money because the program is not out in the market yet. But, it is estimated that it will cost around twenty five dollars a month to use this program. This is a marked difference between the thousands of dollars that other companies charge per month of services that are given. Also, there are big name investors backing ZenPayroll. For example, Google Ventures, Dropbox, and a co-founder of Youtube. Tomer London currently has 6.1 million dollars of invested money to support his cause!
Tomer London
He understands his business, and the market he is entering. With innovative technology and a new business plan for an already established need, he is ready to take the payroll market by storm. Entrepreneurs, both young and experienced, can now worry less about how much time payroll will take out of their busy schedule. They can focus on looking for rich opportunities, getting creative, and starting their businesses. Tomer knows what he is doing, and he is ready to work.
This idea is awesome because it is one entrepreneur helping out another. Tomer is not only thinking about big business, but marketing to a very good percentage of Americans in small businesses. His past experience with his father’s business and programming skills make him a credible and knowledgeable person to invest in. When his program is released, especially at the low cost they are planning on, it will certainly change the payroll market!
Great spotlight on an up and coming technology product and the brains behind it. Small businesses often struggle with day-to-day bookkeeping tasks and programs like this are poised to really be in demand by these small business owners to leverage the organizational power that these tools possess for a fraction of what the enormous systems large companies use to accomplish the same task. ZenPayroll sounds like a great tool in scaling down the hassle associated with employee payroll management at a reasonable price. P.S. you might want to add a title to this, it was rather hard to find where to comment