The thing about setting up a new business is that you don’t really know what you might want or need until you really get going. Here are a few things you might want to consider for your business:
Get a bookkeeper
It’s easy to think you can do the bookkeeping yourself and file your own returns – and a lot of people do manage this. But here’s the thing: let’s say you charge your clients £50 per hour, and doing your bookkeeping takes you 3 hours each week. That’s £150 you’re not earning. A bookkeeper can probably do a better job than you in less time – so it makes sense to pay them to do it for you. Click here to learn about hiring a bookkeeper.
Consider storage costs
If you’re selling a physical product, you’ll want space to store it. It’s easy to think you can run your business out of your garage or even your living room, but this really limits you in terms of how much stock you can carry – and how much your family will put up with! If you hire a storage space you can order more stock and this opens you up to more opportunities.
Your website will need SEO
These days it’s really not enough to have a good product and well-written content on your website. You need SEO in order to get your site seen. SEO sounds like some sort of dark art, but it’s really just about highlighting your site to Google as “hey, this site knows a lot about this topic” – and then Google does the rest. A company like Ignite Digital can help you with this.
You’ll need a social media presence
There’s no getting around it; these days if you don’t have a presence on social media, you may as well not exist. You might feel that your product or service is not relevant to social media but I would suggest at least setting up a page with your key contact information. If you offer more of a business product or service you might prefer LinkedIn to Facebook or Instargam.
Drones can be a business asset!
Drones can make a big difference to your business these days. They can be used for all sorts of things, from creating bird’s-eye footage to delivering products to inspecting high points of buildings. Drones are a cost-effective and safe way to take aerial photos and video, gather information, deliver products and inspect or observe inaccessible areas. Volatus Aerospace has a wide range of drones to choose from and is well worth a look if any of these are relevant to your business.
Write a business plan
A business plan can seem a bit superfulous and old fashioned – the kind of thing you only need if you’re going to see the bank manager for a loan. While creating a business plan can seem like a big job and a pointless exercise, it does have its benefits. The questions you have to answer when creating a plan will help you to consider the direction of your business, and how you can grow it. Often the sections of a business plan will help you to think about things that had not come up before – and can even make you feel more inspired to dream big and achieve.