As an entrepreneur, starting a business from the ground up is one of the most exciting times in your life. However, it can be one of the most challenging as well. This is especially true when it’s the first time you have ever attempted to form a company and are still new at everything there is to do to get it up and running. You know your industry, but as far as the mechanics of getting a company up and running you are probably somewhat stymied. Perhaps it would help to tell you that you are not alone. There probably isn’t an entrepreneur out there who didn’t panic at least once in the process of starting their first business. That’s why you might want to consider contracting these three professional services.
1. Web Development
You have been told over and over not to expect a profit within your first 12 to 24 months and that’s something you are somewhat prepared for. However, until you begin to amass a customer base there will be little money rolling in to keep the business going. Marketing is going to be your best friend at this point in time because this service is there to tell the world who you are and what you can do for them. It all starts with web development and a website your market can access to learn more about what you have to offer.
Check out sites like https://www.altagency.co.uk/services/development/wordpress/ to get a feel for just what you can expect from web development and maintenance services. Your website is going to form the basis for your marketing strategy and give visitors a place to engage with your new brand.
2. Accounting
Although you probably won’t need a full-time accountant on the books, you will almost certainly need someone to keep financial records for you. This will prove especially helpful come tax time but throughout the year as well. A good accountancy can spot ways in which you can save money and will advise you on things you can do to increase profitability. As far as taxes go, this is one area that needs to be 100% at all times or you could be in serious trouble with the taxman and that’s not somewhere you want to be! Do you even know which type of UTR you need?
3. Legal
Sometimes starting a business is fairly straightforward and something you can do with just the information on the government portal. Other times it can be a bit more involved, so a good legal team would draw up all contracts and help you file any documents necessary to get licences, permits and tax numbers necessary to begin trading. It never hurts to have legal advice, especially when there are copyrights or registered trademarks involved.
None of these services need be in-house, but you should at least consider contracting their services. You can’t be expected to know everything there is about starting a business but even a small error or omission can be devastating. This is something you’ve probably been dreaming of for years, so don’t let that dream be a nightmare. Help is out there, so take advantage of it.
