You’ve heard the saying “time is money” and for a new business owner this couldn’t be a truer phrase.
While there are always trial and error situations in starting any business, it’s pretty helpful when those who’ve been through the experience before provide a good amount of insight into what works…and what doesn’t. Why waste precious time and resources when you could start out on the right foot? Sure, there are always things that come up that you need to manage, but here are some of the essential startup tips for your business you’re going to want to implement:
- Time management – When you try to go in and accomplish many things at once you’re left frazzled and stressed, not to mention things still don’t get done. Instead of trying to handle tasks as they come, implement a process that allows you to stay on schedule throughout the day. Use productivity tools found on tablets or smartphones to stay focused or set up blocks of time to accomplish certain tasks.
- Implement cloud services – As a new business owner, you want to have access to your business at all times. Through cloud software, this is possible and easy for the entire team to use. Use online accounting software to organise and track invoices or receipts – this will make things so much easier when you need to collect debts or work with your accountant. Also, don’t try to skimp on paying for licensed software – in the end, that little amount of savings isn’t worth the headache or possible legal action taken against you!
- Think ahead – Just because your team is small (or just yourself) doesn’t mean there’s no potential for growth. Implementing a procedures manual at the start allows you to stay focused and gives your potential team a road map – waiting until there are multiple employees before creating a procedures manual is just leaving you open for stress and confusion.
Overall, one of the most important tips is to take advantage of technology and software when you can – it saves time, money and your sanity!
Contact Galaxi Bookkeeping for a consultation and be sure to visit us on Facebook!