Expanding Your Business? Seven Supporting Services You Will Probably Need

In case you have just embarked on a journey of expansion, chances are that you will be too preoccupied with planning change and strategy and need some professional services to look after your customers, your employees, and your back office.

You don’t want to burn out or spread yourself too thin when trying to improve your profits, expand to new markets, and develop new products.

You should consider outsourcing some of the specialized tasks, so you have less to worry about.

Below you will find a list of seven services you’ll probably need:

Bookkeeping

You will have to make sure that you are not getting tied up doing your accounts. When you have to focus on too many things at the same time, chances are that you will be making mistakes. You can’t afford to miss something and get a penalty when you are trying to grow your business. You might need to find the best accounting company in your region, so you can trust them with managing your taxation and submitting your accounts to the local and government agencies on time. The last thing you want to happen is missing deadlines and losing your operating license.

Online Marketing

Of course, you will have little or no time to look after your branding and online image while trying to grow and restructure your business. You should find a local marketing expert who will listen to what you would like to achieve and tailor the promotions to your industry and your location. You should not opt for cookie-cutter marketing packages; go for a service that is built around you, so you can get the best results. No two businesses are created equal, and you will have to make sure that your campaign serves your business interest.

Strategy Development

It might be time to ask an outsider to help you see clearer about your change project. No matter if you have project management experience or not, you will be able to benefit from another pair of fresh eyes. From resourcing to designing your sales funnels and supply chains, there will be so many things to put in place in so little time. Asking for help is not a sign of weakness; it has more to do with accepting and acknowledging your limitations.

Financial Planning

It is also important that you have the funds available for your market expansion and growth when you need them. Creating a budget can be challenging, even for experienced financial advisors. If you are seeking funding or would like to attract angel investors, chances are that you will need to come up with a solid financial plan that shows how much time it will take you to turn a profit and break even. Your investors will be interested in the numbers more than anything. Make sure that they look as good as possible.

Market Research

Before entering a new market or creating a new product or service, you will have to do your research. If you set out to do the job alone, chances are that you will be tied up for a couple of weeks at least. However, if you outsource this job to a professional, you will get the full picture much faster, and the data that matters for your decisions will be clearly highlighted. It is always good to work with someone who knows your industry, your customers, and the latest trends, to avoid disappointments.

People Operations and Payroll

Once you have moved into your shiny new office and have new people on board, you will have to do everything to keep your employees happy. Outsourcing your human resources and your payroll will take the burden off your shoulders and help you develop policies that will set the standards of customer service, internal communication, and general behavior. You will get help with developing your health and safety procedures, the risk assessment, and the hierarchy in the new organization.

Cleaning and Maintenance

When you move office and have to keep employees, contractors, and customers happy, you will need to find a reliable property maintenance company to look after your safety and keep the office clean. You will be able to strike a deal with a local firm to clean the work area every night and check the electrical and gas safety regularly.

No matter which industry you are looking to expand your business in, you will not be able to avoid growing pains. Working too many hours is something you might be prepared for, but make sure that you get help with the specialist business areas so you can focus on the things that only you can do.

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