Categories: Start-ups

What have you Forgotten when Starting your own Business?

Are you going to be starting your own business? Do you think that you have what it takes to be in the rare small percentage that actually achieves success on the market? If you do, then we wish you the best and hope that you achieve whatever you set out to. You need to look at your plan though, because we can almost guarantee that you have forgotten something, somewhere. In this article, we’re going to be looking at some of the common things that people forget when setting up a business, so keep reading if you would like to find out more.

The Tech Side

The first thing that we are going to look at is the tech side of things. People forget all the time that their business actually needs an internet connection and as such, don’t contact a provider until later down the line. However, you should get this set up as early as possible, if for nothing else, so that you can work out all the costs. As well as this, your business is going to need tech that enables your employees to complete their job without an issue. You need something that can run a document management system, runs quickly, and doesn’t take an hour to boot up.

We also highly recommend that you hire someone specifically

to deal with the tech side of things. There is nothing worse than having a tech issue and having to wait for hours while someone is sent down to your office.

The Marketing Side

On the marketing side of things, social media is being forgotten by business owners. We’re not talking about entire campaigns, we’re talking about setting up an account, even before the business launches. You want to gather some interest, you want to interact with some potential customers without telling them whatever big reveal you’re going for when you open and so on. Social media is essential, and marketing needs to start long before the business actually opens. As soon as you get the green light to build your business, and you have a business name, logo etc. that’s when you need to start the marketing.

The Finance Side

On the finance side of things, you need to be clear where you are and if you’re in the green or not. We recommend either looking into bookkeeping software, or hiring an accountant. When you’re a small company you might be able to manage this yourself, but it’s best not to get used to doing so as when you expand, someone else will have to take over anyway.

We hope that you have

found this article helpful, and now see some of the things that you might have forgotten if you are looking to start your own business. It can be super easy to overlook some things when you have a range of other tasks to be completing, so don’t beat yourself up. Instead, make sure that you implement whatever you are missing, and then everything is going to be fine. We wish you the best of luck.

Pic Link – CC0 Licence

Innov8tiv.com

Innov8tiv is a dynamic Web source for technology news, resources and innovation, with a special focus on the entrepreneurial advances of Africans on the continent as well as in the Diaspora. This site seeks to not only inform consumers and companies about the latest in tech trends and ideologies, but to shed light on a phenomenon often ignored: the inventive, life-changing and creative engine that exists in Africa and among leaders of color around the world, including the UK, the Caribbean, Australia, and Asia. Send story ideas to info@innov8tiv.com

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