Sacrificing a few years in order to achieve and live your dream
This is the moto that most entrepreneurs and small business owners believe and live through. The initial few years of any business is rocky, so it’s not surprising that many entrepreneurs cut down on the facilities (especially for themselves) and focus on the necessities first.
But if they hold on tight, if they bear through that initial hardship; they are sure to see results
If you’re one of these businessmen who’d had to start up a business from the seats of your pants, the kind of small business that had just enough money to afford only the most vital facilities; and if you’re finally seeing results, then no doubt you’re planning on buying all those “luxuries” that you couldn’t afford to before.
Here are a few of our suggestions on where to spend your business money, to make the maximum use of it.
New business premises
When starting a business from scratch, most businesses and businessmen don’t have the luxury of getting to choose the perfect building or location to house their business. With the growth of your business, now you have that chance. Do a careful selection this time; take your time. A place in the commercial area of your town will be good, yet it shouldn’t be in the busiest area. Of course, this depends on the kind of business you run. Car park space is also important, as it makes it convenient for your customers. Try to find a building that has an attached car park for additional ease.
Provide your own transportation for the goods
Again, this depends on the kind of business you run. If your business has needs for vehicles, but if you’ve had to manage with commercial vehicle hire so far, then perhaps it’s time to find a way to buy your own business vehicle.
Do your research well about the vehicle you want to buy, and again, take your time when deciding. Ask a few professionals (even the owner of the commercial vehicle hire place if you’re friends with them) for their suggestions and tips, if this is the first time you plan on buying a commercial vehicle as it’s a little different from when you buy your own car. Courtesycars Australia provides car hire services for various purposes at affordable rates.
More permanent staff
Having minimum staff and employees during the difficult times are understandable. No doubt, you play so many roles, besides that of an owner, just to make sure that the work is happening well, despite the lack of help. This, in return ensures that you have hardly enough sleep, have no personal life, and that you probably can’t even remember the last time you let loose and had fun. Time to change that now.
An accountant and a business lawyer are very important for any growing business; and you should consider hiring one of each in the least. A secretary and a person to man the reception aren’t bad options either.
Think it through, and spend your money wisely; you worked too hard to waste it!