It’s a fact that 90 percent of small business start-ups fail within the first year. While there are many factors that contribute to this failure, one of them is the lack of hiring business services. While you may have a fantastic idea and the ability to get your company off of the ground, you don’t know how to do everything. It’s understandable if you don’t have thousands of dollars to spend right off of the bat, but securing the right services can both save and make you money in the long run.
1.Web Design
In today’s world, if you don’t have a presence on the Internet, you can forget about becoming successful. Your potential clients and customers will look for your services on the Net, and, if you neglect to set up a website, it’ll be your competition that gets the business. While you can easily set up a website for free, it may not have all of the bells and whistles that you need. If you want to save money, consider asking your web designer if they will give you a reduced rate in exchange for your services.
2.Marketing
Do you know how to spread the word about your company? Do you know all of the ways that you can market yourself? Hiring a professional marketer can help you gain new clients and keep current customers. Business cards are still useful, but their days of being the sole avenue of marketing have come and gone. A great marketer can help build your presence in social media, come up with ways to advertise your business in your local community, and can help you increase your loyal customer base.
3.Tax Preparation
Once you understand that ins and outs of business tax law, you can file your own federal and state taxes. Until you understand these laws, it will be in your benefit to hire the services of a professional tax preparer. Aside from the risk of getting audited if you make a mistake, you run the risk of missing out on more obscure deductions when you prepare your business taxes on your own.
4.Tech
If you are a wiz with tech, you can save your money. If, however, you are like most people and aren’t sure how to repair your own computer, finding someone that can work on your computer, mobile devices, and even your security system, will save you a good deal of hassle. You don’t necessarily have to keep this person on your payroll, but you should find a skilled professional that you trust before anything goes wrong. Having this go-to person will ensure that, should your tech crash, you’re back up and running with little wasted time.
5.Bookkeeping
Keeping accurate records is one of the most important aspects of running a small business. If you don’t have the time, patience or know-how to keep records, you need to hire someone to do it for you. If you don’t have the capital to keep a full-time bookkeeper, at least hire someone to set up your books for you, and ask him or her to teach you how to continue on your own.
No matter what you think, you shouldn’t go it alone when you start your business. By hiring the right people, you will be better prepared to ensure that you are one of the success stories and not one of the failures.
– Colby Hetrick writes for business blogs. If you’re starting a small business, find out more about a wide variety of services for business that can help you save money.
