Coming Soon
Subscription Marketplace - Buy and sell subscription products and services
948 views
in Articles by
When setting up a business, even the best prepared among us will struggle to do everything and remember everything. It is very unlikely that we will understand all of the financial and legal ramifications of a new business, especially when we need to concentrate on getting that elusive first sale or completing the first contract. It isn’t always feasible to employ an accountant and a solicitor as well as a secretary, a salesperson and any other workers needed in the daily running of the business. So, we need to be able to diversify when setting up a new business and the best piece of advice anyone can give you to help is to make the most of the widely available business tools on the market.

Financial Documents and Tools

An accountant is a very expensive commodity that many new businesses can afford full-time. It is down to us to undertake as much of the financial side of things as possible; a daunting task indeed. There is help at hand in the form of business tools.

Spreadsheets have become immensely powerful and can do much of the financial work that any business needs, even invoicing. The Internet is awash with free standard documents for almost any occasions; if you aren’t proficient at doing this yourself, you can find balance sheets, daily cash sheets and almost anything you could need.

The Legal Minefield

Mention legal documents to a new business owner and most will curse you. Again, paying for a lawyer to create all your contracts and other legal documents is a cost that new businesses may not be able to afford. Look at other contracts, get ideas off the internet and take a look at the standard contract and terms and conditions guidelines and when you’re ready, book a session with an affordable attorney and let them look over everything. This way you will only pay once and get all the information you need for an affordable price.

It is important that you get any legal documents checked at least once. A poorly written contract can cost you a lot more than the lawyer’s fees.

Human Resources

Human Resources, or personnel as it was once known, will become very important when you start to employ staff. There are a lot of rules and regulations to abide by as well as a lot of extra information to store that is both important and
confidential.

You can get time and attendance software, standard contracts, standard terms and conditions and software to look after your payroll details.

These are just a few tools available to new business owners. To do a job right requires the right tools. It is better to spend time researching your options first to find the right tools, than to get yourself into a real bind attempting to do the job with the wrong (or no) tools. You will find that the time it takes to get the right tools will pay off time and time again.

Please log in or register to reply to this topic.

Related topics

0 replies 1,547 views
0 replies 1,315 views
0 replies 1,079 views
posted in Articles by ShowDolphin
0 replies 563 views
posted in Articles by Amigod
0 replies 1,514 views
0 replies 2,271 views
0 replies 1,259 views
posted in Articles by BeautifulWolf
0 replies 1,068 views
posted in Articles by PositiveVoid
0 replies 8,596 views
posted in Articles by nicejone
0 replies 873 views
posted in Articles by AfternoonFay
0 replies 2,033 views
posted in Articles by Mosquiche
0 replies 1,006 views
posted in Articles by PerfumedNecromancer
0 replies 2,047 views
posted in Articles by GiftedWrecker
0 replies 1,405 views
posted in Articles by Butcherry
0 replies 856 views
posted in Articles by CharmingChamp
0 replies 1,119 views
posted in Articles by Camella
0 replies 930 views
posted in Articles by MammothMoth
0 replies 944 views
posted in Articles by TwinNut
0 replies 977 views
posted in Articles by Camella
0 replies 1,029 views
0 replies 1,267 views
posted in Articles by TwinNut
0 replies 926 views
posted in Articles by GreedyPig
0 replies 873 views
posted in Articles by DreamBaby
0 replies 1,659 views
0 replies 1,771 views
posted in Articles by nicejone
0 replies 837 views
posted in Articles by Octopixy
0 replies 1,757 views
posted in Articles by Scorpeon
0 replies 936 views
posted in Articles by Sassassin
0 replies 2,150 views
posted in Articles by OpinionOwl
0 replies 1,346 views
posted in Articles by VoyageHooper
0 replies 1,799 views
posted in Articles by BeautifulWolf
0 replies 2,812 views
posted in Articles by VirtualAssassin
0 replies 1,294 views
posted in Articles by VirtualAssassin
0 replies 1,315 views
0 replies 1,096 views
0 replies 1,021 views
posted in Articles by Conjursa
0 replies 1,022 views
posted in Articles by BouncyOracle
...