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.
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.
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.
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.
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.