When your business is just starting out it can grow fast in different ways. If you are used to working for a company some things might catch you out. There are some great books about this, including The E-Myth, but there are also:
Some simple steps you can take to reduce your growing pains
- Employ staff as casual before you make them full time (make them full time when you can and should)
- Use Upwork
- Don’t rush into complex technology that locks you in
- Outsource your payroll so it’s a variable cost – then your bookkeeping is super simple with Xero
- Link your funding to your sales with someone like Waddle (owned by Xero)
- Don’t lock in an office
- Charge recurring revenue so that you can confidently commit to costs
- Spend your time on selling and supporting clients, not admin
Photo by Rayyu Maldives photographer on Unsplash