3 Behind-the-Scenes Decisions that Could Make or Break Your New Company
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Posted By: Dixie Somers on December 06, 2018 As a business owner, you're well aware of the importance of the face-to-face customer meeting. Each and every interaction can earn you a customer for life or serve to give a terrible impression that can damage your reputation. Though your business can't exist without customers, there are other components of your business that are just as crucial to its success. These "behind-the-scenes" components are important enough that they could make or break your company if you don't properly prepare. To ensure you aren't caught off guard, here are three of those crucial decisions you'll need to make. Taking Care of BusinessChances are, there are a whole host of activities and procedures you have to complete in order to keep your business operating smoothly. Chances are even higher, however, that you don't really enjoy doing these activities, despite their importance. Most business owners enjoy the work more than the number-crunching. If you find these operations distracting you from the parts of your business that truly excite and inspire you, it may be time to outsource these activities to another company. Whether you need record keeping, tax assistance, human resources management, or a whole host of other mundane yet crucial activities, there's a company for that. Finding a business that specializes in just that supportive task can give you a little breather and time to focus on developing your products and services. Letting the World KnowIt's likely that you have the "elevator pitch" for your company so well-rehearsed that you could quickly convince just about anyone of the merits of your company, if only you had a chance to speak to them. Unfortunately, the number of people you can speak to in person is fairly limited, especially considering the number of customers you need to acquire in order to be successful. With that in mind, it's important that you utilize professional advertising to draw as many people to your business as possible. Good advertising is hard to get right and easy to get wrong, so unless you have a background in advertising, it's probably best to let someone else handle your consumer outreach, to ensure you've always got your best foot forward. Not only will they be able to help you represent your company the way you want to, but they’ll also help you put every dollar to work. As experts in this one business aspect, they know the ins and outs of advertisement type, cost, and what works for your industry. Licensing and InsuranceLicenses and insurance coverage may just seem like a blot on your balance sheet. However, both of these elements are in place to protect your business, and shouldn't be ignored. Licenses protect your business by ensuring that only those who are properly qualified to provide the goods or services that your business provides are able to offer those goods or services to the public. Insurance protects your business by shielding you from unexpected liabilities that can occur as a result of normal business operations. Both of these areas can be tough to navigate on your own, so it's important to work with a firm that understands exactly what you'll need covered for your specific business, like those at zumainsurance.com. Additionally, business insurance can be a little more specialized. Since this may vary from place to place, it’s important to enlist the help of an experienced company for your area. For example, if you work in plumbing in San Diego, looking for a company that specializes in plumbers insurance in CA will help you stay covered for your specific industry but also in your location. Though you may be hesitant to allow others to handle these important business areas, just think of the time it will free up to enable you to become your company's biggest cheerleader. Rather than being stuck in the office all day, you can get out to encourage your employees, meet your customers face-to-face, and encourage superior results. As you get back to doing what you enjoy the most, your entire business will be improved as a result. If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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Dixie Somers
Freelance Writer, Self Employed Other College... class of 2004 Member Since November 2016 |
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