Having a business is indeed a good source of income. However, starting your own business is not as easy and simple one would think. Of course, there are many hardships to go through. If you have limited resources especially in the financial side, then starting with a small group of people is the most practical way. Some business even starts with just one person and then the number just grows as the business grows. In this article, we will share some tips on how to start a small business with a small group of people.
1. Find the right people for the most crucial positions
You do not need to hire a lot of people, instead, you just need to choose the right people for the most crucial positions. You should assess what your business needs. For example, you need a marketing person to do marketing stuff and bring in sales. You also need a customer relations manager to handle daily operations. If a person is able to wear many hats, then the better.
2. Master the art of multitasking
It is important to master the art of multitasking. You should learn to do everything so you do not need to depend on other people. For example, you should learn how the entire business works so you can also handle customer support while handling the finances. Since you are just a small team, it is important to know the business.
3. Make use of technology
We are living in a modern world and new technology can indeed be of great help. For example, instead of having an entire IT department, why not invest in hosting cloud for your important files and data. With your files in cloud, you can also easily collaborate with other team members without having to email and attach big files every day.
You can just share the links and then the team can make necessary changes or updates. It is also easy to access these files even if you are outside and away from the work computer. It saves you a lot of time and resources.
4. You can also consider outsourcing some works
For some works like designing a website or creating a logo and marketing materials, you can outsource these works for cheaper price instead of hiring regular employees. You can check out freelance set-ups and just order what you need. You will be able to save a lot from this most especially if you do not need the work on a regular basis.
5. Establish a good working relationship and teamwork
Lastly, it is important to establish a good working relationship with one another most especially that you are just a small group. You should be tight and work well together so you can easily work on your goals. You should forget about office drama and focus on achieving success for your business.
However, keep in mind that you’ll need to protect yourself as you grow bigger. There’s a lot of ways to do this, but the quickest and easiest is to officially register your company to set up a corporate veil between yourself and the venture. While that may sound intimidating to do, there are plenty of services that can set it up on your behalf.