As a passionate and motivated entrepreneur, you may already be aware that 20% of small businesses fail within the first year, and you are determined not to be part of this statistic. Yet, this is easier said than done. There is no telling what could happen to derail your small business and send you back to the drawing board, which is why it’s crucial to find out the best resources for assistance and support. As much as you think you can do it all by yourself, you should always accept a helping hand, and here are four essential resources to consider.
The most obvious type of assistance for entrepreneurs is small business grants through government funding. These grants often come entirely for free as the government looks to promote and encourage entrepreneurship throughout the country.
This type of funding is generally available to all businesses, so it doesn’t matter what industry you work in. however, some industries may be more in demand than others, so if you are working in green energy or tech, you could find significant investment to help your company thrive.
If you are happy to do everything yourself, you may not have considered how beneficial an outsourcing firm can be for your business. There are simply not enough hours in the day for you to get everything done, at least not well, anyway, and this is where outsourcing firms come in handy.
There are a plethora of outsourcing options available, including marketing, content creation, and even accounting or finance. They do not cost as much as a dedicated in-house team would, and you can use them as and when you require them. However, you should make sure you avoid these common outsourcing mistakes before you get in touch with a firm.
Every business needs a website, and (thankfully) this is easier than ever. However, much like content creation or marketing, building and maintaining a website can take time, and it may be a significant commitment that you’re unable to keep up with, at least during the first few months of your company.
You can work with a website builder to design and maintain your website, which will help establish your business in your industry. There are also specialist design firms, so a real estate entrepreneur can look for real estate agent website design, while retail entrepreneurs can find designers with experience designing retail sites.
Sometimes, the best support is those closest to you. If you are trying to establish your business in the community, local collaboration with popular small businesses can help raise brand awareness and introduce your company to people in the area.
These collaborations can be mutually beneficial as it raises your profile and gives the existing businesses positive press for looking to help new companies. You can work on events together or establish discount programs to entice customers.
Too many entrepreneurs believe that they can do it all by themselves, but ignoring the wealth of assistance opportunities available will only set you up for failure. As these resources are readily available, you owe it to yourself and your business to consider which would benefit your business the most.