Published On: Thu, Aug 3rd, 2017

Things to consider when setting up your business

Setting up a new business from scratch is an exciting and daunting experience and it can be easy to get swept up in the exuberance of it all, and to forget to get all of your ducks in a row. Missing something integral out of the whole process can spell disaster for both your business and for you, and you could find yourself failing before you have even started! We have put together three of the (what we feel are) most important things you should consider and pay particular attention to when setting up your own business.

photo/ Gerd Altmann

Tax Considerations

It is all very well doing well, being successful and taking money but if you are not managing your taxes properly then you might end up in a bit of trouble. One option is to hire an accountant but if you are just starting out then that might be an expense that you cannot afford. Another way to manage things is by utilising the very best online tax software. These programmes will take care of all of the sums that need to be taken care of and leave you with peace of mind to continue operating your business and taking on more clients.

Savvy Marketing

It is very well having the best product, the best concept, and the best service but if you aren’t getting yourself and your business out there, then what is the point? Marketing doesn’t have to cost the earth, especially when you are starting out and there are lots of things you can do yourself to help boost your profile. Start with making a Facebook page and inviting all of your friends, sponsor the page for around $20 to gain some more likes and ensure you post regular updates. Get yourself a good, professional looking logo and consider investing a bit in a basic, but well-designed website. Make sure to keep it up to date and to include your contact information and easy to access details of your services so that any potential clients can find out what they want to know, quickly and easily.

Finding Your Niche

It is very rare that someone comes up with a brand new idea that has never been done before, so if you have competitors, finding your niche, breaking trends, and excelling in it is your ultimate key to success. To find your speciality you need to focus on a combination of factors such as what you truly excel at, what makes you special, and what is not being done at the moment that possibly could be. Also look to link together services that are not previously linked so that you can offer a one stop shop to your clients.

Of course, when setting out on a new business venture there are literally hundreds of things that you need to consider, but if you take care of these three aspects you will find you have some of the more serious things under control.

Author: Steve Marks

photo/ Lalmch

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About the Author

- Writer and Co-Founder of The Global Dispatch, Brandon has been covering news, offering commentary for years, beginning professionally in 2003 on Crazed Fanboy before expanding into other blogs and sites. Appearing on several radio shows, Brandon has hosted Dispatch Radio, written his first novel (The Rise of the Templar) and completed the three years Global University program in Ministerial Studies to be a pastor. To Contact Brandon email [email protected] ATTN: BRANDON

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  1. How to Choose the Right Software for Your Business | The Global Dispatch says:

    […] or will this be the first time you have purchased software for your company? Rather you are an experienced business owner or just starting out, your search for software should begin with understanding your final goal… What are your needs […]

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