by Haris Quintana
Starting a business can be risky, especially in the early stages. There is a high chance that the company may fail. One in every five small businesses doesn’t last longer than the first year of trading. Then thirty percent fall in their second year and fifty percent fail after five, and then seventy percent in their tenth year.
Photo by Startup Stock Photos from Pexels
Small businesses require specialist advice. Why? Because they are much more likely to succeed and get past the problematic ten-year mark. They may have a breadth of skills in order to keep things running, however, they may lack the skills that are needed to overcome more significant hurdles.
Let’s look at some of the people you can ask for help when running a small business:
Your Staff
One of the most economical, practical, and fastest resources you have available in your staff. You may employed them for a particular role, however, their skill may extend much further than this role. They will have often help various different parts in a range of sized businesses across other sectors. For example, just because you hired them for accounting doesn’t mean they don’t know how to resolve an IT issue. Bring your teams together and have a brainstorming session before you look to outsource elsewhere.
Speak To A Legal Professional
This is often something you need to do if dealing with troublesome clients, customers, or staff. It’s not likely that may employees will have hidden legal advice up their sleeve. Well, non that you can 100% rely on to be accurate and not land you in more trouble. If you come across any legal problems and don’t have someone who is legally trained in this area, it is best for you to contact someone like Fleeson Gooing for solid and sound advice.
Ask Your Connections
Every small business will have a network. Or The manager of the industry certainly will. Whether it’s a school or university friend, family, or trade contact, you’ve connected throughout the years. Anyone of them may have a solution to your problems. Go through your LinkedIn account and send a few messages. Using LinkedIn still gives you the professional focus that you need when reaching out for business challenges. You already know these people and are able to view all their skills and experience on their LinkedIn profile. People are much more likely to help out someone they know, meaning it could mean cheaper ways to solve your business issues. If they can’t help, they may also be able to recommend someone who can. On the downside, asking someone you know doesn’t allow you much room to be firm or strict with your requirements.
As a small business owner, having access to good advice at a reasonable price, just when you need it is invaluable. Following the steps above, you should overcome any challenge that comes your way without paying a hefty price. Are there any resources that you use as a small business to access great advice?