The coronavirus crisis caused many businesses across the globe to shutter their doors. But, it also brought opportunities for brave entrepreneurs looking to take control of their own financial destinies. If this is you, whether, by necessity, curiosity, or drive, it pays to prepare yourself before you get started. Intelligent Profit Solutions offers a few tips to keep in mind if you plan to launch a business as the pandemic winds down.
Understand The Climate
The coronavirus pandemic changed many aspects of life as we know it. There are a few places this is most prevalent, including the workplace and the kitchen. More and more people now work from home, and we’ve learned that we don’t have to rely on take-out each night. We are also less trusting of others and value our personal space more than ever. As you refine your fledgling business, make sure to take our current climate into consideration.
Launch A Web Presence
As more people move into a permanent remote work and remote learning situation, your online presence becomes even more important. Partnering with an experienced web developer, such as Intelligent Profit Solutions will help to ensure that your business is presented in the most professional and accessible way across the internet.
Automate Where You Can
Time is money, and the more of your time you can free up to make it, the better off you’ll be. Automate tasks where you can. One great example is to use an online payroll platform. Ideally, you’ll have the option for automatic payroll as well as tax services, such as filing and calculating your liability. You also want a payroll app that lets you handle payroll business no matter where you are, and that allows you to make same-day direct deposits.
Save On Overhead
All businesses have some level of overhead. When you are first starting out, especially given the uncertainty of today’s economics, you’ll want to save money on your outgoing and ongoing expenses. Start by purchasing used business equipment; Sustainable Business Toolkit lists several sites where you can do this online. You might also look into hiring freelancers instead of full-time employees, which might help you save up to 30% on your overall HR expenses.
Organization is crucial to the success of all businesses. From utilizing a workflow program to help keep up with projects to making sure your desk stays neat and tidy, being organized lowers stress, speeds you up, and, just as importantly, looks more professional. Maintaining an organized workspace – both in a brick-and-mortar environment and when you work remotely – will give you the power to expediently respond to your customers when they have a question. You won’t spend your time searching for answers relating to purchases, returns, and customer service because your paperwork and documents will be in order and always in their designated location.
Always Provide Excellent Service
You can’t make a lifelong customer by simply providing a product or service. No matter what you’re selling, it has to be better than what the competition can offer. While you don’t always have to have the best price, you do have to provide the best value. For most consumers, this comes down to customer service. If your people skills aren’t on point, consider investing in online classes that will help you better communicate with your customers.
Launching a business in the COVID age may not be easy. It is, fortunately, one of the best ways to take control of your financial health. By understanding the climate, working with a professional web and app development firm like Intelligent Project Solutions, and paying attention to details, like automation, organization, and reduced overhead, you lay a solid foundation for 2021 and beyond.