Busy Being Jennifer

What doesn't kill you make you blonder

  • Home
  • Blog
  • Shop
  • Contact
  • Recipes
  • DIY Projects
  • Crafts
  • Essential Oils
  • Every Day Boss

September 23, 2021 by JenniferJane

External Support You Need for a Booming Business

This post may contain affiliate or brand partner links. Read our full disclosure here.

Many people start a business and then think that they can do everything themselves. After 12 years in business I can honestly say that’s not the case. External support is quite essential! There are many things that you need to take care of the outside of your company, such as accounting services. 

123 Let's Go Imaginary Text
Image credit

It is essential to have an accountant who will help with taxes, financial statements, and more so you can focus on running your company instead of trying to figure out how to file paperwork. In addition, with the listed external support below, you will have a better idea of being more efficient and productive. 

Data (Existing and Predictions)

The first step to understanding the external support you need for a booming business is data. You will probably have some existing data from your current sales and marketing efforts and any research you did on competitors or markets in general. 

For example, if you’re selling online, there are likely already numbers available about email signups and sales. But you’ll need more data to make informed decisions about what’s going on in your market and with your product/service among competitors or other companies like yours. 

You also need to familiarize yourself with the IT part of your business. Currently, there is an emphasis on technology; thus, every industry associates itself with new software or apps. For example, with the nutrition api in the nutrition industry, developers can make more useful and custom-made apps from the users. 

Investors

Investors provide the external support you need for a booming business. With the capital, knowledge, and experience they bring to your company, investors can turn an idea into millions of dollars in revenue with little risk to themselves.

Investors see something unique about your start-up. Otherwise, they wouldn’t be interested in investing their money or time. They understand that you have a strong vision and the drive to make it happen. The best part about investors is that they are putting money into your business and their expertise. They want to see you succeed and will offer advice along the way.

Outsourcing Companies

There are many benefits to using outsourcing companies. You can focus on your core strengths while they work on the menial tasks that you need to do but don’t want to waste time doing yourself – or even have a chance of screwing up, for that matter. It’s a win-win situation. 

 Don’t expect the company to do your entire job for you. Instead, ask what they can help with and how much it would cost. Keep in mind that outsourcing companies are people too. Be nice when communicating with them- you want a relationship out of this, not just an employee at half the price.

Government Subsidies

There are several government subsidies available to businesses. These grants and loans may be for capital projects such as machinery, equipment, or property. They might also go towards infrastructure costs like building construction or training staff. Some schemes will give financial support in direct cash payments, while others will provide tax breaks on certain business expenses (like payroll taxes).

There are many different types of external support available for businesses. Depending on your business, you might find some options more valuable than others. 

If you find that you need professional support to take your business to the next level, then consider investing in an outside marketing agency or hiring a consultant (like me!) with experience in improving company performance and streamlining processes. Other options you should consider are taking a class, learning from other entrepreneurs, or hiring a mentor.

Filed Under: Every Day Boss, Feature Tagged With: Every Day Boss, Self Employed

❮❮ Previous Post
Next Post ❯ ❯

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Me
  • Facebook
  • Instagram
  • Pinterest
  • RSS
  • Twitter

Search

Categories

As an Amazon Associate I earn from qualifying purchases.

Places I Party...

[instagram-feed]

© 2022 · Busy Being Jennifer · Privacy Policy

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings.

Busy Being Jennifer
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Read our complete privacy policy here.

You can adjust all of your cookie settings by navigating the tabs on the left hand side.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.