Tag Archive | HR Professionals

For Startup Success, Keep These People On Speed Dial

Whether you’re a teeny tiny startup or a humongous multinational corporation, you’re going to need some support. When you’re still new to the whole thing, while you’re getting your company off the ground, that support is completely invaluable.

While you might be full of fantastic ideas, it’s impossible to know everything about everything, and there’s a lot to remember. Keeping trusted companies and individuals close by to guide you through the minefield means you’re far more likely to make it out the other side in one piece.company-finances

HR Manager

When you start hiring staff, you’re going to want to make sure your knowledge about human resources is comprehensive, or keep someone on hand who can help. Going through the processes of hiring staff legally, to cover both your back and ensure the safety and contentedness of your staff members, can be difficult, but it’s essential.

From hiring processes to employment contracts, having someone on hand who can help with the legal side of things will help to put your mind at ease.

Legal

Whether you’re taking over a new premise, creating a shareholders agreement, or absorbing another company, you’re going to want legal support. None of these things can be done without the help of a solicitor.

While different solicitors obviously specialize in different fields, choosing a company you know you can trust, with rates you’re comfortable with, ensures that whoever you work with within that company will have a good understanding of the wider picture of your business.

They’ll be able to lead you through the minefields of conveyancing and shares, and as long as you maintain your relationship with them, you’ll have their support for years to come.

Tech support

One thing which is often overlooked by new companies, but which is completely essential, is reliable IT support. You need to know that you’re covered when your servers go down, or your cloud system starts playing up. When businesses these days are so thoroughly reliant on technology, the risk is far too high not to have tech support on hand.

Financial

Getting your head around your company’s finances can be a real headache from day one, but as you start factoring in corporation tax, VAT, and any payroll charges, as well as your general incomings and outgoings, it becomes more like a migraine than a headache.

A reliable and approachable accountant is absolutely essential for any startup. They’ll be able to walk you through these legal processes, as well as demonstrate to you your basic bookkeeping, and you’ll definitely need them to file your end of your accounts. If you don’t have an accountant already, start looking today.

Keeping professionals around while you’re starting up your business is the only way to get unparalleled advice. They’ll happily nudge you in the right direction, they’ll keep you from falling into any potholes, and as long as you treat them right, they’ll be there for you whenever you need them.

If your startup doesn’t have any of the above, consider rectifying that today – they’re completely worth the extra cost.

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Business Advice: When And Where To Seek It

 

business-advice[Pic Credit]

There’s a common assumption that entrepreneurs know everything when it comes to business. This is simply not the case. Successful business people know when to enlist the help of others; whether it comes to seeking advice and consultation or hiring talented people.

Legal Advice

Unless you’re a lawyer, never take chances when it comes to the law. It’s not just about keeping to rules and regulations, it’s also about process. For example, the HR cases that are most frequently lost are when employers didn’t follow the processes. Don’t leave it to chance and cross your fingers with a template you downloaded online. Take advantage of one of the many places that offer legal advice for businesses.

Financial Advice

No matter how good at math and accounting you were at college, taking financial advice is likely to save you money. You may be able to submit your taxes accurately and efficiently like a pro. But a seasoned accountant can tell you how to reduce them. Let the experts take care of your business accounts, and you can get on with growing your business.

If your business involves making investments, it’s worth keeping ahead by reading around the topic. For example, being aware of 1031 exchanges will assist you to defer capital gains tax. And you should never get too comfortable and believe you know everything there is to know about investing. Always go through a process and ask questions before taking the plunge.

Hiring

In the early days of your business, it may have been necessary, in terms of costs, to deal with recruitment yourself. But that’s no longer the case. Regardless, many entrepreneurs retain this task to keep a close eye on who works in their business. This is understandable. As the person who built the enterprise from scratch, you want to ensure it is in good hands.

However, this may not be the best course of action. In every decision that is made, it is human nature to add personal thoughts and feelings into the process. It is hard not to do this. On occasion, it can get in the way of making the best decision.

An HR expert will approach this from a different angle. They will be less personally invested in the decision and so can make a more objective choice. You can still be involved but it’s worth enlisting professional help and advice to lead you through the process.

HR professionals will also guide you through the legalities, of which there are many. They will ensure that all documentation, from the initial ad and job description to the contract, is watertight. They will also oversee and manage processes in the correct way, adhering to legal regulations.

In Summary

Never be afraid to ask for help and advice. Just because you’re the boss, doesn’t mean you need to know everything. There’s a well-known saying in business, and that is that you can achieve anything at all if you don’t mind who takes the credit for it. Successful people know this and embrace it. They employ people smarter than themselves and with different skillsets. And they always know when to take advice.