Launching a home-based business can be a fantastic source of income. The pandemic has dramatically encouraged the rise of entrepreneurship. So, if you seized the opportunity to start a business to replace or supply your income during the pandemic, it may be time to grow your venture to the next level. For many solo entrepreneurs, building a profitable presence requires time and expertise. However, the good news is that you don't have to do everything yourself. There are plenty of experts who can assist your business and help move it to the next level.
#1. Marketing specialist
You need marketing to promote your brand and your services or products. You may consider learning how to maximise free tools such as Google Analytics and social media. However, a marketing expert can save you a lot of hassle and time. Outsourcing marketing activities ensures you've got plenty of time to do what you do best. You can focus on your customers and services while your marketing expert manages your presence online. Additionally, it is easy to waste money on marketing activities such as PPC or SEO when you lack experience.
#2. A legal advisor
Are you ready to hire your first team member? Congratulations! Yet, building a team without employment law advice can be a dangerous decision. Experts such as Norton Peskett understand that entrepreneurs can find themselves in trouble despite their best intention. It is not easy to become an employer if you've never run a business before. You may not be familiar with your legal obligations, which is why it is sensible to secure access to advisors who can manage contracts, employment checks and provide ad-hoc guidance.
#3. From self-employed to corporate taxes
You may have become familiar with self-assessment taxes. However, corporate taxes are another kettle of fish. For example, when you establish your business as an LTD, you can gain access to new tax deductions and services. Businesses can face high penalties when they don't submit their taxes on time or accidentally submit incorrect tax returns. Working closely with an accountant to prepare your taxes can not only save you a lot of hassle but also a considerable amount of money. You can also use your taxes to support future or present investment, which is often more challenging without sufficient accounting knowledge.
#4. An IT expert
How confident are you in your IT setting? As a sole trader, you may feel safe knowing that hackers will prefer attacking big companies. In reality, cyber crimes can affect businesses of all sizes. When you are in the process of growing your business, you could become a valuable target for hackers. Small ventures are easy to target because they prefer a DIY IT approach. Unfortunately, they are not equipped to sustain or survive the attack. Outsourcing your IT system can provide the protection you need for safe growth.
#5. A Business strategist
Why would you need a business strategist when you are just about planning the first growth step? Because small businesses are more likely to collapse through lack of planning. A strategic advisor who can help forecast costs and essential activities can ensure survival in the long term.
Are you ready to grow your business? Every entrepreneur needs to invest in growth to build sustainable and achievable results. It might seem like unnecessary expenses, but building a partnership with experts can save you money and time in the long term.
