Launching a Business? Hire These 5 Professional Services for Help

Published on: 18 December 2020 Last Updated on: 30 October 2024

Starting a business can be expensive. You want to be mindful of where every cent is going. While a frugal approach to business expenditure is encouraged, there are some services you need to invest in to take your business to the next level.

Failure to get Professional Services help with cash flow and computer systems management may result in unwanted issues in your business.

Let’s go over some of the recommended professional services to spend on:

1. Lawyers

lawyers

Your business will have to comply with several federal and local government regulations that you may be unaware existed. An accomplished attorney will expose any legal loopholes that you might run into as you launch your startup. Since it is their field, they will be abreast of any changes that may affect these laws and advise you on how to conform.

Being compliant from the get-go can save you substantial litigation costs down the road. It will also lessen the possibility of being shut down for non-compliance.

Many business owners think that they would be able to do without a lawyer if there are no on-the-horizon legal issues. However, if you need a general counsel attorney you will be able to enjoy many of the legal services that can help you grow the business. For example, a trained legal counsel can show you ways and means of minimizing risks, ensuring coverage, and making sure all your paperwork is always in order.

2. Accountants

While their work may seem lackluster, accountants are the beating heart of any profit-seeking venture. Trained in using standardized tools and techniques, they help businesses keep track of their cash inflows and outflows, assets, and liabilities. The reports they produce periodically will give you a clear indication of whether your business is currently on the right side of the profit-loss divide and whether its future is healthy.

When you hire an accountant for a startup business, you also improve your chances of staying on the Internal Revenue Service’s good side. The last thing any fledgling venture needs is to be liable for hefty fines when revenue streams are yet to stabilize. Savvy Certified Public Accountants will help you discover and take advantage of all the tax breaks for which you qualify.

3. Web Developers

Operating any modern business without an online presence is equivalent to conducting your business in a cocoon. Close to 60 percent of the global population uses the Internet actively. First impressions are everything. To make the right one, you need to have a reputable web developer team on your side.

Your web developer will be responsible for designing and hosting your site. They will ensure that it has all the functionalities you require and offer support when you suffer downtime or external attacks.

4. Content Creators and Marketers

Having a functional website is only half the equation. Content creators and marketers will provide you with a means of reaching out to your clientele, both through your website and your social media handles. They will come up with creative on-brand messages that they will broadcast through these channels to capture the hearts and minds of your target audience.

Having digital marketers as part of your team will not only help you reach your potential customers where they are. It will save plenty of cash you would have spent on advertising through traditional media.

Digital content creators have a finger on the pulse of current trends and will have the know-how to make your products or services a part of what is trending.

5. IT Experts

IT experts are needed to manage your business’ devices and hardware, along with the front and back-office software systems. Your tech consultants will help you put these systems in place as well as keep them running smoothly.

If you have an online presence or any functions that rely on the Internet, you need to invest in these systems’ security. Contrary to what many small business owners think, they do occasionally get targeted by hackers. With a proactive team of IT experts well versed with the latest cybersecurity threats on your side, you won’t have to spend sleepless nights wondering if your site will be next.

Two Heads Are Better Than One

It is tempting for small business owners to try to be a jack of all trades. You would rather juggle your own books, fix your own networks, and manage your own social media to avoid spending too much on outsourced expertise. While conducting some of these services yourself can save money and grant more control over your operations, you can achieve better results by hiring help.

Besides exposing your business to diverse financial and operational risks, you will become an impediment to its growth if you adopt the one-man-army approach.

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Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Explain Your Solution in 60 Seconds or Less – Here’s How

Do you have an elevator pitch? Whether you’re an ambitious entrepreneur with nothing more than a good idea, a fully funded startup gearing up for further funding rounds or your long-anticipated go-to-market, or a mature company looking to retake control of its reputation, a succinct encapsulation of your identity and solution(s) is crucial to a cogent market strategy. Elevator pitches are important for individual professionals, too. “Your elevator pitch is a way to share your expertise and credentials quickly and effectively with people who don't know you,” writes personal branding expert Alison Doyle. Here’s what you need to do to develop and refine your elevator pitch. Your ultimate goal: a comprehensive spiel that answers one question — “what do you do?” — in 60 seconds or less. 1. Start With a Concise Directory Description The nub of your elevator pitch is a company description (or a personal one, if you’re still pitching an idea) that factually describes what you do (or hope to do). If you haven’t already done so, develop a descriptive statement for your social media and business directory profiles, along with the lines of this Crunchbase profile for Florida entrepreneur Steve Dorfman. This statement won’t be compelling enough to build your entire elevator pitch around, but it’s a good skeleton for the initial who-what-where. 2. Identify Your Core Audience Groups How much do you know about audience segmentation? If your answer is, “not much,” get up to speed on the process and spend some time drilling down on the core audience groups to which your pitch needs to speak (if you’re not already reaching out to them in other ways). Remember, you can draft multiple iterations of the same pitch, depending on who’s in the room or on the page. 3. Set Yourself Apart from the Competition (Without Disparaging Them) Now comes the real meat of your pitch: a unique selling proposition that differentiates your idea or solution from competing concepts — theoretical or otherwise — without throwing shade. Generally speaking, you don’t want to name names, unless your solution is an explicit offshoot of something that came before. 4. Isolate One or Two Key Factoids or Stats You don’t have a lot of time to throw facts or stats out at your audience. Nor should you dwell on specifics, for their (and your) sanity. But a well-placed nugget or two may well be what’s needed to concentrate minds. Again, your audience may dictate which nugget you choose to include in any given iteration. 5. Make the Ask You won’t know if you don’t ask — to make the ask, smoothly. Regardless of who’s listening, your pitch should conclude with a clear call to action that doesn’t read like a pro forma sales pitch. Make your audience believe in what you’re asking them to do. You’re Talking — Is Anybody Listening? We’ve all been there: explaining a concept near and dear to our hearts so earnestly that we become lost in our own narrative — only to pull back and realize that the audience has nodded off or lost the plot. A concise, well-articulated, well-organized elevator pitch should hold your audience’s attention, if only because it’s not long enough to put anyone to sleep. Striving to be the entrepreneur who listens twice as much as they talk doesn’t preclude you from being the entrepreneur who effortlessly commands a room, too. Read Also: Green Business Opportunities For Eco-Entrepreneurs Why Do Entrepreneurs Put Up Their Drop Shipping Websites For Sale? Thinking Of Becoming An Entrepreneur? What Is The Cost To Start A Business?

Start-up Business Management: How to Reduce Risk and Guarantee Success

When it comes to running a business - especially a start-up business - guaranteeing success is much easier said than done. There are those who would claim that managing a start-up business is often the most challenging period for a business owner, and they would not be wrong. However, it does not have to be a miserable time the whole way through! Managing a start-up business is all about prioritizing a few key things while ensuring that you are not bogged down by the stress of business management. Here are just a few ways in which you can reduce risk and guarantee success. Social media is your friend: No matter the industry, it can be challenging to market your business without the right kind of platform to support your efforts. It is especially true for start-up businesses without the necessary resources to go for traditional marketing. Fortunately, you can make use of a social media platform to ensure that your business has the marketing and brand exposure that it needs without having to spend a penny. Keep in mind that to ensure the success of your social media account, it is required that your account remains active to communicate with potential clients and customers. Considering it is a bridge between your company and your supporters, the effort is vital. Read more: Using Social Media To Promote Start-Up Businesses Modern technology has more to offer than social media: While social media can go a long way to marketing your company, there is still the issue of dealing with the most tedious factors of your business. If you want a method to streamline different processes to make it easier for you and the people working under you, there is no better solution than the use of business management software. With the help of eworksmanager.co.uk and other quality service providers, you can easily find the right type of software for your company. Want to effectively deal with asset management? What about mobile inventory? Or communication between departments? Business software always has you covered. Reduce risk by taking care of your employees: One of the biggest mistakes that many inexperienced owners tend to make is they do not give their employees enough attention due to all the pressing matters that come with start-up businesses. Those with experience in the matter will tell you that taking care of your employees first will ensure that you will have more than enough help to deal with other issues. Add some incentives, and be sure to recognize the hard work of your employees. Loyalty is not something to be taken lightly. While it is true that managing a start-up business can be quite stressful, the methods above will ensure that you have a means of taking care of the issue without suffering too much stress. Whether it is risk reduction through employee incentives or business software, you can guarantee the success of your business by giving it the focus and attention it needs to thrive. Read Also: Top 5 Types Of Startup Business Loans Effective Ways To Utilize Digital Marketing 6 Things You Should Know Before Starting A Business

How to Set Up Business in the DMCC Free Zone?

Do you want to start a business abroad? What about going to Dubai? If so, the DMCC Free Zone is a great place to do it! The DMCC Free Zone offers businesses several benefits, including tax exemptions and 100% foreign ownership. In this blog post, we will discuss the process of setting up a business in the DMCC Free Zone. We will also provide some tips that can assist with starting a business here. If you are interested in getting additional information on DMCC free zone, check out 5 Things To Know Before Setting Up Business in DMCC Free Zone. What is DMCC Free Zone? The DMCC Free Zone is a special economic zone in Dubai that offers businesses several benefits, including tax exemptions and 100% foreign ownership. The DMCC Free Zone is located in the Jumeirah Lakes Towers (JLT) district of Dubai. Businesses in the DMCC Free Zone can enjoy preferential rates on office space, utilities, and other business-related costs. The DMCC Free Zone is a great place to start a business in Dubai because it offers some benefits, including: Tax Exemptions: businesses in the DMCC Free Zone are exempt from corporate and income taxes. 100% Foreign Ownership: businesses in the DMCC Free Zone can be 100% foreign-owned. Preferential Rates on Office Space: businesses in the DMCC Free Zone can enjoy preferential rates on office space, utilities, and other business-related costs. To set up your business in the DMCC Free Zone, you will need to follow these steps: Step One: Choose a Business Activity The first step in setting up your business in the DMCC Free Zone is to choose a business activity. There are over 100 different activities that you can choose from, so be sure to select one that is relevant to your business. Once you have chosen an activity, you will need to obtain a license from the DMCC Free Zone Authority. Step Two: Obtain a License The second step in setting up your business in the DMCC Free Zone is to obtain a license from the DMCC Free Zone Authority. To do this, you will need to submit an application form and pay the required fees. Once your application has been approved, you will be issued a license. Step Three: Register Your Company The third step in setting up your business in the DMCC Free Zone is to register your company with the Dubai Companies Registry. To do this, you will need to submit an application form and pay the required fees. Once your application has been approved, you will be issued a certificate of incorporation. Step Four: Open a Bank Account The fourth step in setting up your business in the DMCC Free Zone is to open a bank account. To do this, you will need to submit an application form and provide the required documents. Once your application has been approved, you will be issued a bank account. You can read this SmallBusinessHQ guide on bank account to know the detail. Step Five: Obtain a Visa The fifth and final step in setting up your business in the DMCC Free Zone is to obtain a visa. To do this, you will need to submit an application form and pay the required fees. Once your application has been approved, you will be issued a visa. Hiring Employees in DMCC Zone? If you are planning to set up your business in DMCC Free Zone, it is important to note that businesses are required to hire at least one Emirati national. To do this, you will need to submit an application form and pay the required fees. Once your application has been approved, you will be issued a work permit. This is just a brief overview of the process of setting up a business in the DMCC Free Zone. For more information, be sure to check out the DMCC website or contact a professional service provider. DMCC Ensures Safety of Investors and Businesses The DMCC is committed to providing a safe and secure environment for businesses and investors. To this end, the DMCC has put in place some measures, including: A 24/hour security force A state-of-the-art surveillance system A dedicated firefighting team CCTV cameras throughout the DMCC free zone A dedicated customer service team These measures ensure that businesses and investors can operate in the DMCC Free Zone without fear of crime or violence. The DMCC is also committed to providing a high standard of living for its residents. To this end, the DMCC has put in place many facilities and amenities, including: A world-class healthcare system A variety of educational institution A wide array of different leisure and recreational facilities A state-of-the-art transportation system World-class hotels and restaurants. In Conclusion If you're thinking about starting a business in Dubai, the DMCC Free Zone is a great option. With its many benefits, including tax exemptions and 100% foreign ownership, the DMCC Free Zone is a great place to start your business. Be sure to follow the steps outlined in this blog post to ensure that you set up your business correctly. Read Also: Creative Pop-Up Event Ideas for Your Business Insurance Business: What Startups Need To Know Startup Business Management: How to Effectively Incorporate Use of SEO The Ultimate Guide To Guest Posting: Scale Your Business In 2022

Launching a Business? Hire These 5 Professional Services for Help

Let’s go over some of the recommended professional services to spend on:

1. Lawyers

2. Accountants

3. Web Developers

4. Content Creators and Marketers

5. IT Experts

Two Heads Are Better Than One

Best Server Management Tips for Startups

How Restaurant Space Landlords Can Be Successful

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Explain Your Solution in 60 Seconds or Less – Here’s How

Start-up Business Management: How to Reduce Risk and Guarantee Success

How to Set Up Business in the DMCC Free Zone?

Launching a Business? Hire These 5 Professional Services for Help

Let’s go over some of the recommended professional services to spend on:

1. Lawyers

2. Accountants

3. Web Developers

4. Content Creators and Marketers

5. IT Experts

Two Heads Are Better Than One

Share this Article

Best Server Management Tips for Startups

How Restaurant Space Landlords Can Be Successful

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

Related