Tag Archive | accountants

3 Types of Employees Every Business Needs!

If there’s one thing that every business owner can agree on, it’s the importance of your employees. The right employees can make all the difference between a business that succeeds and one that falls apart. Even if your business had the best product or service in the world if you don’t have a team that’s going to turn your vision into a reality, then it’s not going to be worth anything.

Of course, not all of your employees are the same, nor should they be expected to do the same things. There are always going to be specific tasks that you need specific people to take care of. With that in mind, here are three employees that no business should ever be without.

Accounting

The finances of your business are so important that it’s bizarre just how many business owners tend to neglect them. By ignoring your accounts, your business can get into some serious legal and finances hot water. accounting

While it might be tempting to handle your accounts yourself or to outsource their management, it’s far more valuable to have someone on your staff who can take care of them for you. That way you can guarantee that there is always someone paying close attention to the finances of your business.

Payroll

If there’s one thing that you can be sure of, even the most dedicated employee is not going to be interested in working for free. It’s crucial that you make sure that payroll isn’t something that’s being pushed to the side.

Because of this, it’s incredibly important that you have payroll staff who are dedicated to that specific task. Finding the right candidate for a role like this can be challenging since it requires a rather specific and dedicated set of skills, it’s a good idea to check out payroll recruitment from Portfolio Payroll when you’re trying to fill this particular vacancy in your business.

Having a dedicated member of staff to deal with payroll means that you never have to worry that your employees are going without their salaries under any circumstances.

Management

You might be in charge, but you can’t guarantee that you’re always going to be able to deal with every task taken on by every employee. That’s where management staff comes in. Rather than trying to handle everything yourself, hire someone who you can rely on to manage employees and get the best out of them.

You need someone who’s capable of bringing people together and helping everyone work together towards a common goal. A great manager is worth their weight in gold, so it’s important that you choose your candidates incredibly carefully.

By having someone dedicated to the specific tasks of your business you’re able to rest easy knowing that they are being handled by the most qualified and dedicated people possible. Where outsourcing to freelancers can sometimes come with a hefty amount of risk, dedicated employees are far more likely to give their all to make sure that your business is as successful as possible.

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The Most Worthwhile Investments for Your Growing Startup

 

start-upWhen does a startup become a fully-fledged business? If you’re like many entrepreneurs around the world, then that occurs when you have to make an all-important decision: how do you expand? It doesn’t matter if you’re selling fresh doughnuts from the back of a van or designing logos and banners for high-profile clients, you graduate from being a startup when you’re presented with a choice on how to grow your brand.

But there are many paths that your business can take. Do you take production into your own hands and start a factory? Do you expand into the global market? Do you take on more competition by encroaching on another company’s territory? While these are all very expensive and challenging goals, some of them are more productive and beneficial to your company than others. Here are a few examples of the most worthwhile investments for your growing startup.

Accounts and Lawyers

Maybe you’re completely capable of doing the finances on your own, but is it really worth your time and effort? Accountants will negate all the tough work involved in sorting out taxes and managing your budget. They’ll be your advisors, offering you expert advice on how to efficiently operate your business.

Lawyers are also mandatory when your business starts to grow. As you gain more attention, more imitators will pop up trying to seize and opportunity in stealing your customers, and the only way to swat them away is to hire lawyers that are capable of shutting down copycats.

Customer Service

Customers are the lifeblood of your business. Without them, you have no audience to buy your products or services. The goal is to make sure your customers feel valued. Send them emails celebrating their purchase, give them messages on their birthdate, send them exclusive deals and provide the best customer service that the world has ever seen.

Don’t outsource your customer service to a cheap third-party company that doesn’t understand your product or your customers. Invest in proper in-house customer service where you customers can speak to real, knowledgeable people that can help them with their issues and queries.

Production

Production doesn’t have to mean an entire factory or production line. While it’s a good investment if you’re doing particularly well in your industry, it’s simply far too expensive for a budding startup to think about.

However, there are times when a couple of specialized machines can save you money in the final production process. Let’s take 3D printing for example. There’s no getting around the cost of having your products made, but do you also need to request for them to be painted and finished as well? Absolutely not.

The raw product can be sent to you and you can invest in something like powder spraying areas to add color and the final touches to a product before it’s packaged and sold.

Cloud Technology

The cloud is ripe with cheap solutions to your problems. Are you suffering from failing storage hardware that needs to be replaced? Then look to the cloud for an alternate method of storage that can be accessed from anywhere. Not only is it cheaper, but it’s also safer.

Cloud storage is extremely secure and doesn’t suffer from physical damage like your current storage mediums. You can expand the security services and accessibility by investing more money, and it’s certainly more cost effective and productive than buying physical hardware replacements and hiring an engineer to fix it.