Guest post from Eleanor Wyatt of RemoteWorkWellness.net
If you are an entrepreneur, you’re no stranger to wearing a million different hats when it comes to running your business. You have to be willing to dabble in marketing, finance, communications, customer service, and countless other specialties in the beginning.
Of course, you always have the option of developing your own business knowledge. You can’t be an expert in everything, of course, but a business degree may be a good start. In as little as 16 months, you could complete your MBA degree.
Of course, you may not be in a place where you can go back to school right now. As your business grows and you’re ready to take your success to the next level, DIY fixes may not be the best bet for your niche needs and projects. Think of it as trying to DIY a complex plumbing project on your home. You’d never risk it, right? Finding the right consultant could be the key to enjoying terrific business success.
Business Formation
If you haven’t done so yet, one of the first steps budding entrepreneurs should take is deciding how to legally structure the operation. Many small business owners choose to form as a limited liability company (LLC) because of the protection of personal assets. Other benefits of running an LLC is decreased paperwork and the tax advantages over, for example, a corporate structure.
Human Resources and Insurance
When growing your business means hiring more employees, you may find yourself asking some tough HR and insurance questions. Oscar points out that knowing which plans are best for your team and business can be a challenge, and avoiding the potential for HR mistakes can also be a source of tension.
Time Management and Productivity
Whether you’re working with timesheets or time management, recording time accurately is very important. If you’re note sure how to master either, you can bring in a consultant to help plan and implement a more efficient system for tracking and managing time for you and your staff.
As part of this new approach, your consultant may recommend a comprehensive online program that simplifies the tracking of staff time and employee timesheets. These features should be part of a larger overarching package, and any tool you invest in should also offer additional benefits, such as the ability to harmonize with other software and produce reports.
Marketing and Social Media
How you use your time on social media is also key for attaining your business goals. Even if you’re social media savvy, finding the time to create content and post that content can be a struggle. Furthermore, social media marketing requires a different sort of knowledge.
To cut through the chaos and get your message out, relying on a message map to deliver a clear, consistent, and compelling message could be the key to building your entire marketing platform around.
South Coast Social notes that these are the top reasons why so many businesses trust their social media marketing plans to outside consultants. Social media is just such a critical marketing piece and getting it right can propel your business into a new echelon of success.
If you want to save more time and boost your business even more, you can also look into hiring a general marketing consultant.
Accounting and Financial Planning
Planning for your next chapter of business success should include a thoughtful and pragmatic financial plan. If you want to maximize the effectiveness of this plan and generate the most ROI, this is another project where it pays to work with a more experienced outside advisor.
There are various financial advisors to meet various needs and niches, so keep this in mind as you search for the right fit for your business. While a financial consultant can assist with planning, it may also be prudent to invest in an accounting or bookkeeping consultant. Combine these two professionals together and you have a team to keep your business finances on track.
The right time to hire consultants depends on your individual business goals. If you are just getting started, working solo can save money but budgeting for consultants can end up saving you time, stress, and guesswork.
The same is true if you want to help an existing business expand and grow into the next level of success. Either way, you should always consider whether hiring outside help for niche and time-consuming projects is the right move for your goals.
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About the Author
Eleanor Wyatt
RemoteWorkWellness.net
Eleanor Wyatt is a workplace wellness expert and writer. She created Remote Work Wellness to provide advice to the growing remote workforce. She thinks it’s essential that people who work remotely be proactive about their health, and that’s what her site is all about. The resources she provides on her site are carefully curated from reputable sources and personal experiences to help people who work remotely care for their bodies and minds.