3 Avenues that Add Extra Value to a Growing Business
Keywords – Adding Value to a Growing Business
You may have started your business as an individual or partnership.
However, you will soon realise that you require further additions to support your growth. This level of help requirement grows further as you develop your business and learn more about yourself and the associated needs. For this grabbing of help to occur, you need to be aware of what is out there in the market and what should you expect.
In other words, when growing a business, entrepreneurs need to be aware of the kind of services that are available in the market and how to utilise them effectively.
To assist you in the process, here is our hierarchy of growing business needs.
We have not put accounting as the need number one just because we are accountants. (That will be quite self-fulfilling and selfish).
In fact, understanding the impact of your business numbers and making careful assertions out of them will help you streamline your growth. This emphasis on understanding your numbers is inline with most things in life.
Before you can go and change something, you need to truly understand it.
From a growing-business perspective, the initial thorough understanding needs to be of your business numbers. To a careful eye, like your accountant’s, the plain numbers speak louder and clearer. On the basis of these numbers then, your accountant is able to guide you and help you achieve your aim of business growth.
In addition, accountants are not just there to fill and crunch your numbers. The crunching of numbers can be done with endless amounts of tools, both online and offline. For most of these tools, all you need to do is feed the information and they will do their magic automatically. Here, the true skill is in deriving meaning and action from the numbers.
Further, accountants can also act as your networking point. In other words, a successful accountant is connected to multiple other businesses, at least a few who will be good networking points for you too. In other words, good accountants are able to open doors for you, helping you jump any hoops that would have hindered your potential growth. Saying this, check our chartered accounting services and get in touch to learn more.
This may sound all fashioned, but having an office, even in this day and age, benefits your business in more than one way.
Initially, working from home has its own benefits, e.g. convenience and lower costs. However, as you grow, and if you want to be taken seriously, extending to an office is your next logical move.
If you are still not sold by the idea, think of the kind of people you are trying to connect with. Then, ask yourself:
- Do they have offices?
- What do you think of your office?
- Will they take you seriously if they find out that you work from your living room?
You may be in a great situation where these questions do not matter. But, for most people, these questions are crucial. In fact, some people still think that you are not truly a business until you have your own office.
Even from a personal growth aspect, having an office creates a healthy separation between your personal and work life. This separation is truly crucial from a healthy lifestyle angle too, whether the health aspect is physical or mental.
In addition, having your office also allows you to start thinking of hiring individuals and growing a team. Take it beyond to building a culture and you have taken the needed steps to make the growing business dream a reality.
Our third suggestion is a bit more obvious, but requires some clarifications.
There is more to marketing than pulling followers and likes. In fact, if you are not able to create an engagement, a long list of followers can do more harm than good.
Likes, on the other hand, are now seen as the lowest form of engagement and do not add much to your branding either.
So, in order to truly benefit from marketing, you need to be at the right platforms for your business.
Whether it’s ranking your business on Google through search engine optimisation or using social media to get heard, you need the right material and direction to benefit from marketing. Check the services of our marketing partners, Marketing Voice, to learn more.
As you have seen in our general tone and direction, accounting is more than just number crunching.
So, if your accountant is just sticking to their job and not adding to your business growth as well as they can, you need to look elsewhere.
To help you decide, here are a few of our services that you can benefit from: