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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Business Pieces of Advice: Stepping Stones for a Startup Owner

Today, everyone wants to become an entrepreneur – or at least hopes to. Well, who doesn't like to introduce 'the next big thing?' But we can't blame them because owning a startup offers you tons of benefits – and that's obvious. For example, you get to bring value to the people around you. You create something right from the beginning. You are your own boss, and not to mention, you make a decent number of bucks along the way. However, all of this happens when you're successful, which unfortunately isn't true for most cases. For example, the Harvard Business Review states that 75% of startups fail. But why? Sadly, not all of us have an entrepreneurial spirit within us – at least, nature didn't allow it. However, if you want to run a business successfully, you've got to get your act together. That means doing something that your nature doesn't approve of, so be it. Otherwise, you'll end up eating the same piece of pie the 75% of entrepreneurs are eating. Here are some business pieces of advice that'll help you become a successful startup owner. Know your Instincts! You should know yourself, what you're willing to do to attain success, the amount of money you can afford to lose, and your proper motivational level. Undoubtedly, we're all here to at least hit that one million marks. But are we ready to give up things to accomplish that goal? How far will your family support you? How far from your comfort zone are you willing to go? How many hours a week will you be able to devote? If you want to become successful, or come anywhere close to it, keep your business plans aligned with you and your family's resources and goals. Learn how to this through the AACSB Online MBA with No GMAT program. It will teach some administrative skills to run a business adequately. Be passionate: Nobody is asking you to love all aspects of your business (nobody can), but whatever you do, do it with all your heart. If you want to build a successful enterprise, you'll need to put in some effort and devote much time. That is why you should be passionate about what you do, whether offering financial advice, creating pottery, or running fishing charters. How can you ensure you're on the right track? By questioning yourself whether your business is worth the investment, you're making in terms of both time and money. If not, you're better off doing something else. Keep the positive vibes around you. Plus, say goodbye to those people who put you or your business down. Don't waste your energy and time defending yourself – use it on your business! Be a solution: Instead of basing your idea around what to sell, think about how it will become a solution. If your business is solving a problem, you'll gain a solid customer base more efficiently. Why? Because your venture will be bridging a gap in a specific niche or market. Going with your passion alone isn't going to cut it; your idea should help the people. For example, suppose you're passionate about accounting. In that case, you might design an affordable, easy-to-use payroll and accounting software that many people would like to invest in and be a part of it. Give yourself some time and think about why you're opening your business. If you're able to understand your motive well, you'll be able to market your company and build a brand. Just do one thing: determine what problems your target customers are currently facing and what you can do to solve them. Start your business during your employment: Without money, nobody can go far. Plus, your business won't immediately offer your returns – you've got to invest in it first. If you start your business while you're employed, you'll have money to invest in your industry. It will also help you meet your monthly living expenses even if your business doesn't readily offer returns. Diversify: Diversity will help ensure you don't put all your eggs in a single basket. Discover other options, for example, sister products/services that you can add to your offerings to lure and retain more clients. It won't just amplify your revenue and produce enough during times your business doesn't do well. Plus, diversification will allow you to cross-market by increasing your bottom line and offering consumers more value for their money! Keep networking: If you find it challenging to get your business off the ground, connections will keep it afloat. Therefore, it's advisable to make connections and record every person you interact with and ask for their suggestions and assistance. Remain in touch with them and build your network – it'll help you. Research your competitors: Regardless of the type of business you're operating or thinking to start, you'll have competitors even if there's no other business with the same offerings as yours. There would be different products/services your target market may get used to to satisfy their needs. To be successful, you'll have to research your competitors and determine what they sell and how. There's no particular time when you should do competitor analysis, but it must get done now and then. However, if you don't have any competitors, that's a warning sign. See if whatever you're planning to sell is something that people would like to spend their money on or not. Have a solid financial plan: It doesn't matter whether the company is small or big; it needs to work out how it will manage its finances. Suppose you want your startup to survive in this economy and out-compete your competitors. In that case, financial management should be one of your primary activities. Don't use your revenue for personal expenses; manage your expenditures and cash flow, and have reserves for steady seasons. Maybe, exercise caution – hire a bookkeeper or an accountant if you have to. It will help you complete your financial tasks, allowing you an opportunity to focus on other parts of your business. Conclusion: As your startup comes to fruition, think of it like you're driving a car. Let your mind control the steering wheel, and your passion hit the accelerator. By doing this, you wouldn't just be confident about the path you take and sustain the momentum you need to arrive at your destination. Best of luck! Read Also: Launching a Business? Hire These 5 Professional Services for Help Basic Small Business Tips for Noobs Who Want to Start a Venture in 2020 Startup Business Management: How to Effectively Incorporate Use of SEO How To Become A Successful Businessman

Top Places You Can Sell Textbooks in 2021

Are you searching for the best places to sell your textbooks? With the cost of books alone being expensive, you should be. Here are some quick facts that you may not know: According to Bloomberg, since 2001, the cost of textbooks for college students has risen by 135%. Research by FinAid suggests that the cost of college increases about eight times every year. According to Experian, in 2020, student loans have surpassed credit card debt at $1.57 trillion. The list provided in this guide ensures you get a reasonable amount of your money back on your college textbooks. In addition, millions of students use these bookselling websites to acquire some of their money spent on books. It's time for you to do the same. So, if you're thinking of recycling your textbooks, hold on a second and answer the following questions before you take any action: Is your textbook in good condition? Are the textbooks collecting dust? If your answer is yes to both questions, use the following top places to sell your textbooks and earn the maximum amount of your money back. 5 Best Places To Sell Your Textbooks 1. Decluttr Decluttr is one of the best sites to sell used textbooks online. Aside from buying books, they also purchase other items such as DVDs, phones, CDs, and legos. If you're interested in video games, you can sell them online via Decluttr. The site is simple to use when selling your textbooks. All you need to do is visit Decluttr, select the textbook option, and enter the book’s ISBN. Afterward, you choose your book’s condition, and the company will offer you a quote. It’s that easy. If you accept the offer, Decluttr sends you a shipping label so that you can ship your textbooks. If you have a local UPS store in your area, you can take it to them for free. Once the company receives your package, you get paid through PayPal, check, or direct deposit. If you’re not interested in the money, Decluttr gives you the option to send your money to charity. 2. BookDeal.com If you’re looking for a platform that: Makes it easy for you to find the highest offers, Ensures easy selling process, Gives you protection with its unique Upload Book Photos feature, Offers a vast network of reliable book-buying companies, Ensures that you get paid, Then, we recommend BookDeal.com. The company has been in the bookselling business for more than 10 years. With gathered experience, they’ve learned how to make it stress-free and transparent for students to sell used textbooks. All you need to do is visit the site, enter your book's ISBN and get the highest price. From there, you ship your textbooks for free and get paid via PayPal, Zelle, or Venmo. It's that simple! 3. BookScouter BookScouter allows you to sell your books right from your smartphone device. The company has an app for you to sell your books. What you do is register, scan the ISBN codes of the textbooks you want to sell, and that’s it. The app will show you how much your textbooks are worth and the vendors that will accept them. BookSCouter works with many vendors, including Chegg and Amazon. You get the chance to select the vendor you prefer. When you select your vendor, you choose your book's condition and get your shipping label. Now, BookScouter is not the company that buys your textbooks. Instead, they are a third-party app that helps you sell books online. 4. Amazon Amazon is one of the best places to sell your textbooks online. The company started as a book retailer, and it's still a significant place to sell books online. Now, you have two ways to sell on Amazon. The first step is to create a list as an Amazon seller. That means you’d take care of the product pricing, create shipping labels and send it to the post office yourself. As long as you have the time, you can get more money in the end. If you have the time, you can use the second option. This option is for you to undergo Amazon’s trade-in program. There are questions about your textbook’s condition to answer, and if you agree, you get a shipping label. After you send your books and get verified by Amazon, they’ll submit your payment to you. 5. ValoreBooks You can sell and rent your textbooks on ValoreBooks, which can be a helpful platform for college students. However, they are a lot pickier compared to other sites. That means if your book is not in good condition, there's a slight chance of selling on the platform. Regardless, they offer the best place to sell your books. Final Thoughts If you want the best place to sell your textbooks online, we recommend checking out the list provided in this article. However, if you're planning on making bookselling a side business, we recommend that you do your research before you begin. However, with these lists, you are guaranteed to make the most amount of money you can get from your textbooks. Read Also: How to do bookkeeping in Malta minus complications 6 Ways You Can Secure a 4.0 in College 5 tips for college students on how to begin investing using pocket money

Talent Acquisition in 2019: Things to Keep in Mind

An organization is only as good as its talent. No wonder, then, that talent acquisition lies at the heart of a business’ success. As hiring trends evolve with time, the process of acquiring top talent shifts too. Perhaps the most prominent shift in recent years has been a growing and continuous engagement with candidates. Today, companies don’t pick talent, but talent picks them. To keep up with the times, here are six things to keep in mind when picking talent in 2019. A candidate-first approach: According to Morgan Stanley Research, millennials make up 46% of India’s workforce. Increasingly, they expect a smooth, engaging, and uniform hiring experience. It’s thus important that recruiters communicate in a way that conveys honesty and openness. Engagement practices like keeping candidates informed of their application status, giving them a mini office tour etc. can go a long way in attracting top talent. Social recruiting: Millennials don’t read the classifieds for jobs anymore. They go to online job portals and more importantly, social media platforms. Most seekers aren’t even actively looking for a job until they come across a promising advertisement. So, don’t limit openings to Indeed or LinkedIn. Spread the word on popular social networks like Facebook and Twitter. Internal mobility: It is only wise to look among employees for talent. Most employers end up wasting precious resources on hiring when a talented pool of employees is already at their disposal. What’s more, they are capable, trustworthy and just might be looking for new job roles. Inclusive hiring: Often, employers miss out on the best talent because of rigid hiring parameters. It is a fact that not every talented candidate has a college degree. Big companies like Apple and Google have already started to make their selection process more inclusive by getting rid of academic excellence or degree criteria. The power of AI: ATS software eases the hiring process, identifying the best-suited candidates for a job role. But it has its shortcomings. For example, ATS does not match old applicants with new positions that they are suitable for. Integrating AI with ATS solves the problem. AI tools like chatbots remove the need for personal interaction with every suitable candidate. Moreover, AI can stack-rank candidates and give the employer a list of the top candidates. Partnering with the right consultancy: Manpower recruitment consultants are in direct touch with candidates as well as employers. This makes them privy to the requirements of both sides, helping organizations get access to suitable talent. Investing in a manpower consultancy means saving additional costs and labour that usually go into hiring candidates. Refining the recruitment process and enhancing candidate experience decides the kind of reviews a company gets. This can go a long way in affecting your image and brand as an employer. Ultimately, it’s important that recruiters embrace the latest trends in talent acquisition to hire the best candidates and expand their business. Read Also: How To Attract The Best Talents For Your Startup Genius Job Interview Tips That Will Guarantee Success

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.

Leave a Reply

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Related

Business Pieces of Advice: Stepping Stones for a Startup Owner

Top Places You Can Sell Textbooks in 2021

Talent Acquisition in 2019: Things to Keep in Mind

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