What support you need to run a successful business

What support you need to run a successful business

When you start your business, it can become overwhelming very quickly, when you realise everything you need to know about business. Just to ensure you are running your  business efficiently so that it continues to grow over time. I have put together my top suppliers/ people you need in order to support you in your business journey.

Number one- this may sound odd- but a business mentor. A business mentor is an objective opinion who can act as a sounding board for your ideas, your problems or if you are confused about which pathway to take, that will be the most conducive for your business. A business mentor/ coach is someone who also has a business similar to yours, but it could also be someone who is a family member, as long as they are able to be objective, supportive and helpful.

Number two- get yourself a really good accountant. Apart from ensuring you are meeting all of your tax obligations, they can also offer sound financial advice and support, helping you with a range of issues including, employees, investments and budgeting. Having a good accountant is peace of mind for you as they will also know a great bookkeeper that can keep your books up to date, and also other financial experts like financial advisers and brokers. Accountants are a wealth of knowledge in what they do every day, but also within the network they associate with.

Ensure you find an accountant that knows and understands your business type.

Number three- Lawyers. Yup love them or hate them- you need one. A specialised small business/ commercial lawyer, can draft contracts for employees/ leases/ create business plans and help you to chase money. They can also help you to register your business, ensure your intellectual property is protected and you have trade marked your logo. 

Number four- Recruiters/ HR. 

You may not need this specialist immediately- but you will eventually, as your business grows, you will need to start employing people. You want to ensure your employees have the correct contract in place, entitlements and that you are protected if your employees aren’t working as per their contract terms.

Number five- This may sound like it is a bit of a waste of time, however making an effort to network with like minded business owners can be highly beneficial for you. They are a wealth of knowledge and experience that you can lean on. Make connections, ask questions, ask opinions. Don’t be shy about getting yourself out there to show up for your business. Remember this is all about building a business that is conducive to you and your family. 

This is all about building a sustainable business, getting outside your comfort zone and starting to ask for help.

If you need further advice or you would like to know how I can help you as an accountant and as an adviser- give me a call for a free 15 minute chat!
- 0418 286 750

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