It is easy when thinking about growing your small business to get blinkered or focused too much on just one way of taking your business to the next level. However, there are multiple ways in which you will need to think about and plan the timescales necessary in minute detail to make your small business’s growth a cost-effective and productive one.
#1 obtaining the right funding for your business needs
You are very fortunate not to require financial help when growing your business. Business loans are in place for this scenario because equipment, machinery, and new premises are all costly but necessary if you want to grow your business. You may not see beneficial returns for your investment for months or even longer.
Of course, when you require a business loan, you will have to fulfill specific requirements, and it is up to the lender how much your loan limit will be. However, there are different types of business loans that could be available to you, and you must understand what is on offer, making sure to ask questions such as is a small business loan installment or revolving? Amongst other questions that will be specific to your situation.
#2 selecting the premises where your business will run from
Selecting the proper premises for your business is very important too. On one hand, you have a high rental price due to the desirable zip code and location. On the other, you have a more affordable rent but higher security requirements due to the neighborhood and a far less desirable area.
However, you may find that you could choose a compromise in this situation. By offering your office workers the chance to work on a remote basis, or even as hybrid workers, you could find that the size of the premises that you require is not so large, therefore helping you get set up in the desirable zip code areas by renting far smaller business premises.
#3 Use freelancers to plug any gaps
If you find gaps within your business’s expertise but cannot fork out the significant salary jump to get the right person on your payroll, you can opt to have freelancers with the right qualifications and experience bridge the gap. You will be able to hire the services of these people for the time that you require them. For instance, you could hire them for one project at a time rather than having them on your books full-time.
This means that you will receive a quote for how much money the project will cost you upfront, rather than having to pay an hourly wage, you will not have to work out their taxes as they will do this, and you will not have to pay any vacation or sick pay either. Plus, because time is money to freelancers, they will likely concentrate on your work, as the faster, they can get it done, the quicker they can move on to another paid job from another business. You do not have to worry about the lack of care either, as you will find that freelancers want you to hire their services again and again, so their quality and precision will be second to none.
#4 install the correct software and hardware to support your workers
When you have employees working from all different locations and not just in your allocated office, you are going to have to provide them with suitable quality hardware and software to not only protect your business and the software that they are using against cyber-attacks but also to make sure that they can engage with other members of your team and your clients too.
Providing them access to your office’s intranet system is a must. Still, other software packages can be used over various platforms so that your employees can communicate in multiple ways, safely and securely.
#5 ensure that your website is fully updated and well maintained
You must ensure that your website is totally up to date and that it is well-maintained. Getting a skilled and highly experienced web designer involved will not only be the best possible option in making sure that your website works but with ensure that it is user-friendly and creates the perfect first impression for any potential customers that visit.
You must look at your website being the first probable point of contact that your potential customer will have with your business, so it, therefore, must look the part, professional and sophisticated. If this isn’t the case, you could lose out on custom.
