Do you feel like you are getting nowhere with your small business? In the first year of opening up your online venture, it can feel like the stress and workload is getting way too much. Far too many start-ups fail within the first year because they don’t think about getting support from other people. Today we are here to tell you to seek help if you are struggling and save yourself from going under.
1. Hire Some Helping Hands
In order to grow your business, you’ll want to employ some workers to help you with the workload. Your business will never progress if you can only complete a certain amount of work in a day. When you come to hiring your first employee, pick someone qualified and enthusiastic about the work you do. A happy employee will always do better quality work.
2. Your Company Website
At some point during your first few months you’ll need to work on your online presence. Marketing your business with a fresh website will bring in a lot more business and will be a useful tool for your customers. If you aren’t confident making a website yourself, hire someone to help you.
3. Business Software
The great thing about the digital age we live in is the technology we are privy to on a daily basis. Outsourcing with IT companies like Prosyn and using financial software to help your manage your expenses will make a huge difference to your work day and lift that weight from your shoulders.
4. Trademark Your Business
Once you’ve begun to make traction on your business, you’ll need to take the time to trademark your business name and products. If you are unsure on how to do it, Google it. You’ll be able to find a step by step process and protect your brand name against losing trading rights.
5. Building Good Customer Relationships
If you are working online, it can be more difficult to get that same customer relationships as you would if you were to be in a shop on the high street, however you can still engage with your customers over the internet. Social media is a great tool for chatting to your audience and finding out their opinions on products and topics. Try to learn more about social media and use it to spark a conversation with your followers.
6. Meeting Targets
Make REALISTIC goals. You can’t compare your budding business to a successful venture which has already found its feet. Focus on the little victories and make small goals. If you surpass your goals easily each month, then and only then consider setting the bar higher. Work in small increases until you reach a place where your goals are challenging but still manageable. That’s where you want to be.
Registering your business for VAT is something you might not think about initially, but it is essential. You’ll need to efficiently manage VAT returns on a regular basis and not let yourself fall behind. If the thought is scary to you, why not enlist someone who is good with numbers to help you out?