How to Make Setting up Your Company as Effortless as Possible
Posted on: 30 April 2016 by Gael Milton
The process of setting up a company could be quite tedious. No matter how much experience you’ve gathered working for several organizations, building your own is a different ball game.
Often times, you’ll wonder how top business brands and multinational companies managed to get where they are today. You’ll marvel at how they can keep a large army of staff and make their employees happy. But there you are; your business idea remains a dream because you’ve not mustered enough courage to start.
If you’re the sole business idea owner, you’d probably procrastinate for some time, and eventually cite excuses such as lack of time to carry out research and do the paperwork required. Eventually, you’d banish the idea into your archive for some time until you find some sort of motivation to give it a shot again.
However, there are certain things you could do to avoid being overwhelmed in the process of trying to set up your company.
Here are few tips to help you through.
1. Start early
Starting early is one of the best strategies you can use to easily get a business started. This gives you enough time to perform every task required to hit the ground running. It also allows you to meet up with the various deadlines you’ve set for yourself.
You could start with implementing some marketing strategies and creating awareness for your business. This can be done simultaneously with choosing a business name, writing a business plan, establishing a budget, identifying your market, securing permits and licences and keeping track of national rules, city ordinances, and a host of other regulations.
2. Register Your Company
Company registration has become so seamless that you don’t need to lose a sweat to complete it.The easiest way to go about this is to identify a good online company formation agent who can help to register a company. This option appears cheap and less stressful.
They’ll help to take care of necessary things like address services, privacy protection, VAT registration, domain name for your website, and all the required printed documents. Some of the benefits of company formation include helping to protect your brand, and adding more authenticity to the products and services that you offer.
3. Hire Freelancers
Employing few staff for your new company at the initial stage could be quite challenging, considering the financial implication involved. However, hiring freelancers is a good alternative.
There are a number of online platforms where you can announce different jobs. Once a job is announced, you’ll start getting bids from qualified and interested resources at a relatively affordable price. With this option, you can always get experienced hands to work with whether you want to design a company logo, or write you website content, or create a mobile app, or carry out an audit.
The advantage is that it eliminates the cost of Human Resource Management such as recruiting expenses, basic salary, employment taxes and health benefits.
4. Work from home
If you’re looking to eliminate the stress of renting an office space, moving your equipment there, or incurring overhead on rented property, then you should consider working from home at first. You could clear a space in your apartment and setup your office there or install an office pod on an open area in your backyard.
Working from home eliminates the morning hassles of commuting to work, provides a serene work atmosphere and is cost effective since it allows you to use your personal tools and equipment.
Lastly, it goes without saying that these tips are effective and have worked for many new small business owners. Applying them to your new business will protect you from getting overwhelmed, and set you up for a productive start.