December 10


The Support You Need When Starting A New Business

Despite your many talents, you shouldn’t underestimate the support of others when starting your new business. By having the right people at your side, you will hit the ground running with your new business, and perhaps have a greater chance of success.

Support can come from all kinds of places, as you can see below.

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The support of an employee

It might be that you don’t need to hire anybody during the early days of your business. Especially if your business is small and based in your home, you could possibly tackle much of what you need to do yourself, and outsource anything that doesn’t fall into your skill set. 

However, if your business model does dictate the support of one or more employees, then you need to find the right people to work with you. You can do this by advertising your vacancy on those specialist websites that attract the candidates you are looking for, and by tailoring your job description to ensure the perfect fit.

It’s also a good idea to use specialist recruitment software, as not only will this help you find the right people for the job, but it can streamline the hiring process too. 

With the right employees on board, you will have the support you need to build and grow your business. 

Related: Open For Business: Making Sure Your New Enterprise Hits The Ground Running

The support of an accountant

Do you want to know why many businesses fail? It’s often because of issues surrounding money.

When business owners mismanage their accounts, spend too much on the wrong things, and fail to hit their financial targets, they run into problems that can’t easily be rectified. To ensure you don’t run into financial difficulties, the support of an accountant will be invaluable to you.

He or she will help you to budget properly, give you advice on managing your cash flow, correctly handle your taxes, and be there on the other end of the phone to answer any of the questions you have surrounding your finances. Particularly if you’re not money-minded, the expense of an accountant won’t be something you regret. 

Related: How to Manage an Irregular Income

The support of a business lawyer

Starting a business can be a legal minefield. With laws surrounding copyright, employment, and client relationships (as just a few examples), you are treading on thin ice if you don’t know the laws you should be adhering to. A business lawyer will give you the advice you need, support you with your legal paperwork, and be there to support should you ever get into a legal entanglement. There is advice here on finding the right lawyer for your business. Have a read and then find somebody local to you. 

The support of a friend/family member

There will be days when you are frustrated and tired. There will be days when the everyday running of a business overwhelms you. And there will be days when you feel like giving up. On days such as those, you need somebody unconnected to your business to support you. They will lift you up when you feel down. They will remind you of the many talents that you possess. They will remind you why you started your business in the first place. And they will distract you from your stresses. With their support, you will have the backup you need to ensure the demands of running your business doesn’t drive you towards exhaustion and burnout. 

Related: Tips On Paying Taxes When You’re Self-Employed

So, don’t go it alone! With the right support by your side, you will be able to start your business on solid footing. We wish you every success!


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