| Forging Ahead On Your Own: Crafting Your New Business Career From Home

Posted in Start-up Ventures at 9:00 AM by Loftis Consulting

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With the plethora of modern day businesses that provide wondrous opportunities to grow and develop from the bottom rungs, it can seem against general logic to educate yourself when you might be able to build brand loyalty and benefits working directly for a firm.

However, not everyone can boast this initial business success as soon as they enter the career world. Sometimes people might have already ran businesses or different careers that failed or they were made redundant from, and getting back to a similar pay grade may prove difficult when they aren’t as qualified as they maybe should be for that age.

The modern business world is as exciting as ever, and it’s not difficult to understand why someone might want to join it. Technological advancements now mean that anyone can form a startup or even work freelance and sustain themselves based on their consulting knowledge alone.

Another advantage of the internet is that it allows us access to the sum of human knowledge, and we avoid and neglect using this at our peril. Imagine telling a businessman 50 years ago that in half a century you would have access to a communication network that spans the entire globe, and allows you to gain qualifications in your underwear whilst eating your toast and drinking your coffee. But instead, you mostly use it to read news and watch videos of cats.

They’d likely knock the beverage out of your hand, and you’d deserve it.

To avoid that situation, follow these tips to help you craft your own career prospects online:

 

Kahn Academy

Kahn Academy is a popular resource that can help you take educational courses, largely for free, in STEM disciplines. It can help you with concepts that you didn’t quite understand in high school, giving you that foundational knowledge that you might have needed to brush up on for a decade. This can help you become a more rounded person, and give you that extra weapon in your career arsenal to make your next venture more successful.

 

Leadership Programs

Researching and attending online leadership courses can give you the qualifications and authority you need when it comes to consulting business, learning of organizational systems, or simply going for a business-related degree. This can provide you with a specialized and deep advantage when it comes to applying for your job in future. It’s important that you always use your daily free time in some productive way, and doing this in your own time can greatly strengthen your business acumen.

 

Historical Perspective & Case Studies

As well as accrediting yourself with a range of degree opportunities online, the internet affords you the opportunity to research case studies of successful business; the challenges they faced and how they overcame them. It will allow you to research trends and figure out where the gaps in your potential markets are. It will allow you to gain a more clear understanding of why your past exploits might not have been successful, and you can apply this new knowledge, alongside your new qualifications, to become a force to be reckoned with in your next endeavor.

There has never been a time blossoming with such potential for your future business adventures. Why not start today?

| The Hidden Costs Of Starting Your Own Business

Posted in Start-up Ventures at 9:00 AM by Loftis Consulting

When it comes to starting up your own business, there are several costs to think about. You might need some capital up front to get inventory or to rent an office or a factory. There are staff costs, as well as paying yourself a wage. But have you ever thought about the hidden costs of starting up a business? There are several costs when it comes to starting your own business and working for yourself, but some of them aren’t of the financial kind. So here are some areas to think about if you’re looking to take the leap to start out on your own.

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Your Time

Even if you have budgeted in your business plan for you to get a wage, it will work out as very little compared to how many hours you will be putting into the business (to start with at least). But when it is your idea and your plan, you will want to see it through every step of the way (rightly or wrongly). So your time will be used up quite a lot, and you will more than likely find it hard to switch off to start with. So never underestimate how much a business will take over your life, and as a result, take over your time.

 

Your Reputation

If something doesn’t go to plan in your business, or something out of your control happens that affects your business; then your reputation could be the price to be paid. So although working for yourself can give you a lot of freedom, you have to remember that your name is on the door, so to speak. So only sign off on the things that you are really happy to sign off with, and only approve those things that are good enough to keep your reputation intact and your customers happy.

 

Your Ideas

In such a digital day and age, your ideas, content, plans, and information all need to be protected and copyrighted. For someone to hack your website, then they will only need a certain amount of information plus some know-how. But to steal content and ideas that are published, on your website? It can be much simpler. So you need to make sure you are being savvy and not putting too much information out there. You should also look into copyright and making sure you are protected under that. There is also something called the Digital Millennium Copyright Act that stops people from stealing your information or copying things from your website. So even if the worse does happen, you do have some form of protection. It is a good idea to learn more about the DMCA so you can take steps and as when you might need to.

 

Your Relationships

When it comes to different relationships, whether that be family, work relationships or romantic relationships, there can be a strain on them when you’re busy starting your own business. You might not be able to work with other colleagues as planned, or might have to choose work commitments over family commitments. Not everyone is going to be happy for you when they see you achieve too. So it is just something that you need to be prepared for, and take steps to deal with it all positively.

| Starting A Business That Suits Your Skillset

Posted in Start-up Ventures at 9:00 AM by Loftis Consulting

In this modern age of endless possibilities, it’s easier than ever for somebody to start a business at home through the internet and build it from the ground up. Unfortunately, as with all aspects of the world, something becomes more accessible and then everybody accesses it. So, whilst there are more opportunities than ever for a budding entrepreneur to get started with his or her business model, there’s also much more competition than ever in every industry imaginable. It can seem impossible to stand out or carve a path in such a brutal and competitive landscape.

Most importantly, it can seem impossible to figure out which path you should take in the business world. Maybe you’ve always known that you wanted to start your own company, but you currently find yourself with no ideas as to what kind of business you should start. You don’t want to plunge into the challenging world of freelancing until you have a concrete idea that you’re passionate about. Well, the key is to start a business which suits your skillset, rather than forcing an idea which you can’t carry out to the fullest of your ability. Here are some ideas of different skills that you may have and the types of business which could be grown out of them.

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Linguistic Skills

If you’ve always had a penchant for writing, understanding languages, or coming up with creative, witty, or perfectly-word ideas then there are numerous opportunities in terms of building a business around your linguistic skills. In fact, when it comes to starting a business, being skilled in terms of language is possibly one of the best talents you could hope to have. You need no qualifications; you need only prove to potential customers how good your writing is by… well, showing them a sample. It’s that simple.

You could head down the path of providing advertising services to clients; that might include writing promotional material for them or even emails that they could send out to their own clients. You could even re-write resumes for people trying to apply for certain jobs in certain industries if you know what it takes to build a strong resume. The key is to learn everything you can from books and online resources so that you can offer a skillset that other people either don’t have or don’t have the time to utilize.

 

Graphical Skills

If you’ve always had a talent when it comes to drawing then you were probably told by teachers, friends, or perhaps even career advisors that there are few very jobs out there for creative types. Perhaps you always dreamed of becoming an artist, but there are very few calls out there for the new Van Gogh. Of course, this is all complete nonsense because you need only look at the modern world through modern eyes in order to understand the place of a creative in this new landscape.

In much the same way that aspiring writers may go down the path of writing promotional content to pay the bills (as mentioned in the first point) before they pen their first great novel, aspiring artists have plenty of job opportunities available to them. As suggested over at https://www.entrepreneur.com, you could start a business which designs logos or even entire websites for businesses if you acquire some web development skills (it’s quite straightforward these days). There are always ways to twist your creative talents to your advantage, and this is certainly one of them.

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Tech Skills

Technological skills are so important in the modern age because every business in every type of industry requires them. That being said, you don’t necessarily have to be a technological wizard to start a business built around technology and the internet. This is no longer a realm reserved for the digital geniuses of the world; everybody uses technology these days, given the popularity of the internet, smartphones, and every electronic device on earth. There’s no reason you shouldn’t be able to monopolize on that. It’s all about providing a service that people need in the long term, and the internet offers those types of opportunities in spades.

You could check out www.wizzhosting.co.uk/reseller-hosting if you have the entrepreneurial know-how and resources to spend money to make money; you could get a bulk amount of server space, resell it to clients, and then charge them monthly or annually for the hosting service you provide. People and businesses are always going to need websites for as long as the internet exists. Being a middleman may not always be glamorous, but it sure does provide numerous opportunities for a good business model if you know how to market yourself and build a client-base.

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People Skills

As mentioned over at http://loftisconsulting.com, the key to running a successful freelancing business is to be a master of communication. You need to have excellent people skills because you’re trying to get your unknown brand onto the map by acquiring a client base; you’re only going to achieve that through knowing how to connect with potential clients. Of course, whilst every freelance business owner needs some element of social ability, your skills with regards to talking to people could actually be your business. If you’ve always been the person who could connect with any person in a room of crowded people then turn this into a business model.

You could start a marketing business because the world of sales is all about people; advertising companies which fail are the ones who don’t understand the human customer at the other end of their promotional material. If you can sell somebody a solution to their problem rather than sounding like a walking advert then you’re probably the perfect entrepreneur to start a marketing or advertising agency for other businesses. You don’t need a product or service to sell in itself; your business model can be that you help other companies sell things, as suggested over at http://www.mytopbusinessideas.com. You should learn about digital marketing because that’s a very coveted skill by businesses (your potential clients) in the modern age.

| How To Protect Your Brand

Posted in Start-up Ventures at 9:00 AM by Loftis Consulting

When you’re trying to launch your own business, one of the most important things you can do to ensure its future is to protect it. Whether you are craft beer brewery or a bespoke software solutions provider, your brand will be one of your most valuable assets once your business gets off the ground. It represents your reputation, all the goodwill you have built with your clients, and it’s your company’s entire identity. Here are a few things you can do to legally protect your brand.

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Use IP Protections

Before you even get started, you’ll have an idea for a business, which might include a name, logo, tagline, and even some business guidelines. Unfortunately, having an idea doesn’t mean you own it; at least, not until you acquire some Intellectual Property (IP) protections. These protections can include trademarks, copyrights, and patents. The right IP protection depends on the kind of business you’d like to start. If you’re just looking to start a small website business that is similar to hundred of other businesses out there, then you might not need IP protection. However, if you’re hoping to establish a brand, then you need to take the necessary steps to protect it.

Register Your Trademark

Once you’ve taken the first steps towards launching your business, registering your trademark should be on the top of your list. A trademark gives you the right to exclude others from using similar marks in the marketplace that might confuse consumers. The purpose is to make sure consumers know where the goods and services with specific brand names on them are coming from. Doing this before you fully start can help you avoid infringement if your business name, logo or slogan has already been taken. A licensed trademark attorney like Xavier Morales can conduct a Comprehensive Trademark Search for you to make sure that your chosen company name is not infringing on an existing brand, file a trademark application to register your business, and help you protect your brand and ideas by giving you copyright protection.

Monitor New Trademark Applications

However, even if you’ve registered your trademark, you still have to protect it, or you still risk losing everything you’ve worked towards. If you don’t monitor for potentially infringing trademark applications and fail to oppose the publication of a conflicting business, then it becomes much more difficult and expensive for you to stop them from hitting the marketplace.

Set Up Google Alerts

Google Alerts can help you monitor mentions of your company, track your marketing, and keep up with industry developments. Most importantly, they can help you identify plagiarism. Nowadays, a lot of companies have blogs as a way of engaging their customers with their business and services. Even if you don’t blog, the content on your website is your intellectual property and you have a right to protect it. While you can pay a fee for companies like Copyscape to alert you to thieves, it’s cheaper to type key phrases into Google Alerts.

| Business Startup Ideas That Utilize Your Skills

Posted in Start-up Ventures at 9:00 AM by Loftis Consulting

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If you’ve always fancied being your own boss and you think you can handle that entrepreneur lifestyle, you can often spend time wondering what sort of business you’d be good at owning. One of the best ways to work that out is to look at your own skills. Whether you want to go into ecommerce or open a work freelance, or even open a wholesale outlet, you can make it happen if you’ve got the relevant skills. To get your mind going and give you some inspiration, here are a few ideas to get your started.

 

Specialist Consultancy

If you’re skilled in a particular area of business, you could think about becoming a consultant. Whether you’re really great at recruitment and human resources or even a whizz with real estate, you don’t always have to open your own firm. Being a freelance consultant can be a great way to work for yourself. Not only do you have the freedom to work wherever you want, but you can also consult remotely and control your client base.

 

Product Manufacturing

Product manufacturing is largely underrated. In this day and age, everyone wants a quick way to get into business. However, you can still start up the old fashioned way. If you love a certain type of product or even know a lot about one particular market, why couldn’t you start manufacturing yourself? You don’t even need to create the products yourself, you could design them and outsource the actual production (find out more on that here – www.laserlight.com/services/contract-manufacturing/).

 

Blogging

Before blogging was big, many people started a blog as a hobby or to share their love of their topic with others. However, now that you can make a lot of money with blogging, you can start it as a legitimate business from the offset. If you have a particular area of interest, like business, photography, or even writing itself, you could create a reliable source of income from the comfort of your own home.

 

Virtual Assistant

If you’re great at organization or you have a specialist skill set with things like social media or data management, you could think about becoming a Virtual Assistant (VA). A VA is just like an assistant that you would have in a company, but they operate remotely (find out how here – https://www.theguardian.com/small-business-network/2013/nov/25/virtual-assistant-small-business). The great thing about this career options is also its freedom. You don’t have to limit yourself to things like admin and email management if you have other skills. You can even list things like proofreading or contracts drafting on your website and generate business for that too.

 

Outsourcing Your Services

If you’re freelance, or you’ve worked freelance in the past, have you thought about outsourcing your skill set to larger companies? Whether you’re a landscaper or a blogger, you could generate a great source of income and boost your career by taking on subcontract work from other companies. Subcontracting can also give you great experience with international companies and big corporations that can boost your portfolio.

| A Duo of New Business Faux Pas You Need to Avoid

Posted in Start-up Ventures at 9:00 AM by Loftis Consulting

The process of setting up a new business is, undoubtedly, a confusing one. There’s so much going on that it can feel you never really have the chance to catch up. In the midst of all the worry and stress, there is also the blossoming feeling of excitement. You’re taking your first steps onto a path of being your own boss and making a success of your ideas. What could be more exciting?

If you pool together all the emotions behind a business beginning, then it’s quite the mix. If it were a recipe, it would probably look something like this:

  • 1 part stress
  • 2 parts paranoia and worry
  • 3 parts excitement
  • 1 part feeling like you have no time

Put it all together and you’ll bake a business – but that doesn’t mean you’re not liable to missing a couple of important ingredients.

The first addition to your recipe is a dull one. It’s the kind of thing we know we have to do when establishing a business, but it’s not going to get you excited. It’s not the thrill of deciding a logo design or the feeling of everything coming together when you finally settle on an office space. Yet, it is essential, and thus it needs to be done.

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It’s the legal side. How much time and effort you put into this will depend on the size of the business that you’re creating. If you’re just going freelance from your own home, then there are going to be relatively fewer hoops that you have to jump through. For example, you’re going to have to check your home insurance covers you for business use and that you are registered as self-employed with the relevant tax office. They’re relatively small things, so set aside a single day and get them all ticked off.

If you’re thinking bigger and setting up a limited company, then there are a few more obligations you’re going to have to meet. You’ll need to ensure you are registered correctly, that you have the relevant permits, and that you meet any safety standards you might be required to meet. It might even be worth calling in experts to ensure you negotiate the path smoothly.

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The second oft-forgotten area is intellectual property. The moment you have an idea that you intend to make money off, you need to ensure that it is protected. Trademarking and patenting can seem like huge expenses for a fledgling company, but this is a world where patent thieves exist. If you don’t protect your company ideas from the beginning, then there’s a good chance someone else will.

Both of the above need to happen before you begin engaging in the nuts and bolts of running a business, such as promotion and bringing in new customers. While they may be dull, they are so important that not taking care of these areas can be the difference between whether your business survives or not. With only one in 10 new start-ups seeing their fifth year of trading, it’s worth ironing these issues out from the beginning.

Image Credits: Legal / Intellectual Property

 

| Building A Business That Won’t Tumble

Posted in Start-up Ventures at 9:00 AM by Loftis Consulting

So, you have an idea for a business? Good for you; you have the starting blocks to build something amazing. But, building blocks aren’t all it takes. You also need to know how to build a solid structure. The best part about starting a business is that anyone can do it. Success is not set aside for those with years of experience behind them. Anyone with a good idea can decide to make a go of things. But, many start-ups fail within their first months. Why? Because people take on the task without considering what they need for success. And, while it’s true that anyone can give it a go, it’s not as simple as it seems. In fact, building a successful business is incredibly difficult. There’s a lot to consider. Have you thought things through?

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The first thing worth mentioning is that you don’t need experience, but it can help. That’s not to say you need to spend years in a career you don’t love. Simply that it may be worth holding back on starting until you learn the ropes. Getting a job in a business like the one you plan to start can help a huge deal. Or, if you want to take things even further, you could opt for something like UAB’s mba degree online. A degree in business administration could take your business from bust to booming. It’ll tell you everything you need to know about running a business the right way. The best thing about a choice like this is that it allows you to learn from home. So, you could do it alongside your business start-up!

It’s also worth mentioning that you need to have some idea about marketing to make things work. You could have the best business idea in the world. But, if you fail to develop an effective marketing strategy, you won’t get far. Too often, people focus on the product and the business itself. So, the way that business appears to the outside world falls by the wayside. In truth, though, successful marketing is nearly as important as your product. It’s what will get the customers coming. The good news is, there’s plenty of information about how to make marketing work. You could even consider hiring a marketing professional to help you out. While it’s important to keep startup costs low, this is an investment well worth your time.

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Lastly, we’re talking tech. No one’s saying you need a computer degree to make technology work for you. But, it can help to know the basics. In the modern age, no business will succeed without technology on its side. From the top production tech, to a website that can help you sell, you need to get on top. Getting technology right will also be a huge help in your marketing ploy. The good news is, this isn’t difficult to learn about. The internet has all the answers you need. So, get searching and see what technology could do for you.

| Capital Critters! Fundraising Methods To Ponder

Posted in Start-up Ventures at 1:00 PM by Loftis Consulting

Running an established business can come with concern after concern. When you are setting up your business, the worries come thick and fast! The most obvious one is money. The precarious position a business can find itself in during the early days means that business owners are tearing their hair out to find the easiest and quick source of money to inject into their business and also pay their staff members! And for many first-time business owners, they may not be too sure where they can go to raise capital, or what is available to them. So here are some alternative sources for your notebook!

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Microloans

While there are many different types of small loans, the microloan is one that is easier to get than the traditional ones. There are companies that provide up to $25,000 to small businesses and startups that have no access to any type of funding. Some money loan organizations provide loans based on the type of business, for example, a group like Accion has a program for food and beverage businesses. Microloans are usually under $50,000. So if you need a larger sum, you will have to go down the standard loan application route.

 

Merchant Cash Advances

This is where a company offers cash advances in exchange for a percentage of future credit card or sales receipts. It is a quick process, and for businesses that are looking for mca leads to help aid their marketing and generate leads, it is a lucrative prospect. The benefit of businesses looking for merchant cash advances is that it is very quick to apply for and generally involves minimal paperwork.

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Crowdfunding

A mainstay of the internet is the ability to crowdfund almost anything. It is a very attractive option when you have to raise capital fast. People have used it fund movies, businesses, books, you name it. If you can reach a broad spectrum of people, and each person donates a small sum, you will be able to reach your target in a short amount of time. But for each person that donates, you need to give them an incentive to give that money, and this could be a free sample of the product you are raising for, or something else. For example, a musician may offer a free CD. As the process can have a very quick turnaround, it is a great way to get funds fast.

 

Sales or Discounts

You shouldn’t overlook your customers as a way of generating quick cash. You don’t even need to be in the customer service industry to reap the rewards of this. You can offer a discount to customers who pay quarterly or pay in advance, and as this gives you the big cash injection up front, it is something you won’t notice further down the line because the discount doesn’t have to be a massive one. A discount, as small as 5% from one customer, is barely noticeable on your books, but they feel like they are gaining from it.

| Business Beginnings: Which To Choose?

Posted in Start-up Ventures at 4:00 PM by Loftis Consulting

Sometimes people don’t know what kind of business to get into. The problem is, they know they want to go into business, to own their own business, but they don’t know what to do. They may have skills and experience that is all encompassing and as such not have direct knowledge of any given niche. At this point you need to sit down and really ask yourself about the business you want to create. The fact you want to go into business is great. You can really make a name for yourself in doing so and live the life you want. Yet it will be hard, grueling at times especially if you make the mistake and set up the wrong kind of business. Your issue is that you simply don’t know what you want to do, but all great businesses are built on ideas or knowhow. You need to find one of these. This article can help you by making suggestions involving different kinds of businesses whilst also making suggestions involving how you can think and come to the right decision for you. You may have pondered some of these tips before whilst considering what business to go into, yet read on because you might read something else that hits a cord and makes you think. Good luck in the pursuance of your business dreams.

 

In the first instance you need to think of a few logical ideas. The best businesses are the ones where the services offered are always needed. Think about that, what do people need? Or what do other businesses need? An example would be cleaning services, for which you can find more about at https://www.cleaningbusinessacademy.com. Business-to-business ideas like these are great. If you set up a business where people actually need the services you offer you have a better chance of succeeding. Or course the competition is fierce so you need to offer something unique, put a different spin on what you do and use it to your advantage.

 

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Food is always a good bet. Yet remember, it comes with all sorts of problems. Owning a restaurant or eatery of any kind means wastage, inspections, food safety issues, etc. Also, you would think food is a necessity, but it isn’t in terms of a restaurant because people can just buy something from somewhere else. Food is everywhere and at all varying prices. If you want to go into the food industry you need to do it because you have a great idea. Look at your town. What is it really missing? Is there something specific that could do well but isn’t yet there? Beat the others too it! Remember, restaurants have high setup costs due to the machinery and if you have limited culinary experience you will need to hire chiefs that cost a lot of money. If you really don’t know what kind of business to set up then don’t go with a restaurant. It is hard work with tough competition. It can be great, but only if you have a certain passion for food.

If you have more of a digital flair then you could be better places keeping your business online or in the digital sphere. You can do and manage all kinds of business from the internet, you don’t even need a physical business address in this day and age. However, you do need a stellar idea. The benefit of a physical business is that it is unavoidable to the passer by. They can see it and some will be lured towards it. On the internet you don’t have this, yet of course you also don’t have the high costs of upkeep. Swings and roundabouts, you need to come to the best and most logical business decision for you. Online can be done. Look at Amazon, and businesses like Uber. The models are there for you to copy, you just need to try and bring something new to the table, something world beating. Or, something that is needed and works such as marketing, SEO, etc. These are the current trends for online businesses and are most popular. Yet again, they require high depths of knowledge.

To be successful you need to mix your passion with a vivid idea. You need the idea to ensure your business is successful and the passion to carry you through. You can go through just on your passion, as long as you carry yourself through it. People have forged empires through sheer force of will. What are you good at? What experiences do you have that you can take into business? Lots of people want to go into business but are basing it on a spark of idea they have. Without the idea you need to think of one. Don’t base it all on one thing. Be all encompassing. What can you bring to the business world. In the meantime save money. No matter what you do, setting up will need money for a premises or a website etc.

You need to avoid jumping in as soon as you can. Those who fail to plan, plan to fail. You need to be hard on yourself and really try not to jump the gun or you’ll be wasting money and asking yourself for trouble in some kind of way. Plan it all out, come to the best conclusion and then go ahead. Business plans are hard to draw up at the best of times let alone when you need money from the bank, so give it the best possible chance of success and do your research. You may just find something close to your heart and as a result find something lucrative and worthwhile. Ask for help every step of the way, the internet is full of resources. You could even speak to a business analyst or a consultant to ensure your ideas can be properly implemented. They key is in never giving up, but toeing the line between this and restraint. You must ensure your business is planned to perfection and then breathe life into it. Be the force that drives it to succeed.

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| Cutting Costs When Setting Up Your Business

Posted in Start-up Ventures at 5:00 PM by Loftis Consulting

You would be surprised that one of the main reasons a business fails is due to funds. After all, a lot of entrepreneurs don’t realize how much they need when they start a business. And then they fall short when they have to pay for things like materials. After all, it’s so easy to spend beyond your means if you don’t budget properly before. In fact, it’s a good idea to get some financial help before you begin. However, starting a business doesn’t have to leave you short. In fact, here are some ways you can cut costs when setting up your business.

Outsource Work Rather Than Hiring Employees

It’s hard to get your business to go from strength to strength when it’s just you working for the company. After all, there are so many factors to a business that it’s hard to do it all. But if you start hiring employees, it can make things very expensive for you. After all, a salary will hack into any profits you have made. And being responsible for employees can just be added stress. Therefore, if you want to cut some costs, you should consider outsourcing work instead of hiring employees. For example, if you need a website drawn up for you, hire a freelance designer. It won’t cost you an arm and a leg if you get them from sites like Freelancer.com. And the same goes when it comes to your accounts. Just pay someone to do the work, and then if they do a good job, you can work with them again in the future. That way, you won’t have to pay out for a full-time employee!

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Consider Your Location When Setting Up Your Company

A lot of people don’t think about the fact that different areas have their own legal rules and taxes for businesses. After all, some states have great benefits if you do start a business there. While others might charge a fortune on taxes if you begin your business in that location. Therefore, if you want to cut some costs, you should make sure you research different areas before securing a place for your business. And remember that you also need to think about this when it comes to where your business is incorporated. After all, some states are more business-friendly than others. Therefore, look online to find the best states to incorporate. That way, you won’t live with regret that you have extra taxes and fees than other states!

Make The Most of Free Advertising and Marketing

The cost of advertising and marketing can often leave a business in financial woe. But it’s so important to get your message out there, so the clients come rolling in. However, you don’t have to spend a fortune when it comes to marketing. For one thing, use online tools to your benefit. For example, setting up a website and social media page could bring clients to your doorstep. Also, sending out email newsletters about your company to potential clients is also an excellent way to market for free. And there are plenty of other ideas online of low-cost ways to promote your business.

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And you might want to consider working from home at the beginning. After all, opting for a workspace at home could save you a ton of dollars!

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