Growth is a sign of a healthy business, but scaling can be difficult. Small to medium sized businesses
will often encounter similar hurdles and as a business owner, these can be challenging to overcome.
1. You can become your own hurdle
When you run your own business, you become your business. This can have a massive impact on your time as you find yourself juggling endless tasks, focusing on client deadlines, payments, invoicing, processing of documents… the list goes on. Time management is crucial for all businesses and making efficient use of your working time is the most important tool you will use.
2. Data can be time-consuming
All businesses, no matter their size will use a Customer Relationship Management (CRM) system in some way, shape or form. Setting these systems up can be tedious and time-consuming, again taking you away from the importance of growing and selling your business so be sure to look at the most efficient way to store your data or look into some administrational support.
3. Hiring and recruitment can be costly
Hiring can be costly – not only financially, but costly on your time also. One man/women band and looking to hire your first employee? Be sure to know who you are looking for, don’t just take on the first person who applies to get it “over and done with”. Take your time, dive into CV’s, look at skills but also interview!
4. It is easy to overpay
Don’t just jump into things! With a little research and know-how, you could save your business a lot of money.
5. Set up a Customer Relationship Management system sooner rather than later
For small businesses, taking the leap to a project management system can be daunting. However, once you’re up and running with this, you will experience a wealth of benefits including; easier collaboration, better scheduling, better communication with clients, budget management – the list goes on. You don’t want to look back in a few months’ time and wish you had set up or kept a list of
customer or potential customer email addresses!
6. Web developers are expensive
Having your own website is crucial when you are launching your business and it can be easy to get caught in the trap of hiring expensive web developers. A common problem for many are the fees they receive when making changes to the website. Have a look into WordPress before you engage with a web developer. WordPress is an easy site to use and navigate around and it’s easy to learn if you are a newbie!