B2BThrive - Helping Your Business Grow!
When you open your business, you should always focus 80% of your efforts on the activities that make you money – usually, that would be whatever your business specializes in. Some people when they are just starting out wear so many hats that they lose focus on what makes them money. So how do you combat this waste of time? By finding a team. Building the right team takes time, so you don’t have to rush through this, but over time, you should look to take off some of those hats in order for your business to reach the next level. Who should be on this team, you ask? See the 4 people you should have on your team:
- Attorney. Although it’s wise to keep up with the laws of your industry, many local, state and federal laws change and you may not always be aware of them. You may also have questions that come up regarding contracts, clients, disputes, etc. that an attorney can best answer for you.
- Accountant/Bookkeeper. Nowadays everyone thinks they are a QuickBooks expert. But having someone over see your books and file your taxes properly can save you from a world of hurt later down the line, as well as save you hours of data entry time that can be best placed looking for new clients or servicing the ones you have.
- Banker. Having someone you can call on to answer banking questions or help you secure financing is paramount. Your banker should be able to let you know what you qualify for, programs the bank has for small businesses, and things you can do to make your organization attractive to the bank.
- Insurance Agent. Insurance is one of those necessary evils. We all hate paying premiums, but in many cases, having insurance is a requirement of running a business. Building a good relationship here is good to help you keep your premiums as low as possible.
~JMJ