If you’re thinking of starting your own business, there are certain resources you’ll need to ensure that your company has the best chance of success. Below, we outline the top five resources you’ll need to get your business up and running.
Stationary is important to have for your business. It seems basic, but having pens, folders, paper, checks and a notebook (and even notepads) are those resources that will get you going. They’re the ones you’ll need to have on hand to keep you organised.
Be sure to invest in your stationary — buying in bulk can bring down the costs and you’ll be using it all eventually. You may even want to consider purchasing branded stationary with your logo to really take your business to the next level!
2. Computers, tech & software
These days, there are quite a lot of equipment that comes with running a business. Computers, printers, tech like smartphones and iPads are all things you might want to consider purchasing depending on the type of business you’re running. You’ll also need to invest in various bits of software whether that’s Microsoft Office, bookkeeping tools, HR tools and more.
Of course, the types of computers, tech and software you choose is dependent on your business’s needs so do a bit of research before you spend loads of money on it.
3. Office Space
While many businesses are operating remotely (or partially remotely) it can still be important to have office space. Depending on the size of your business your office space can be comprised of a more traditional office or could just be a coworking space that you base yourself from. Many working spaces have options that allow your business – and space – to grow over time and can be flexible with contracts.
There are loads of benefits to having an office space as it can help you meet more people and network, bring a team together but also gives you a separation between work and home life which is good for mental health.
You may be starting your business on your own but at some point, you may need to hire employees. This is because they might have a different skill set that you require, or you need additional help when things start to get busy. Employees are obviously a fantastic resource for any business to have as working as part of a team can not only make work more enjoyable, but you can be more successful as a result as you grow your business.
Managing employees can be a job on its own, so make sure you’re prepared to be responsible for a team — and another salary other than your own — when hiring new people. And get a strategy around HR in place to ensure you’re complying with any legal issues around having an employee.
Having a solid internet connection these days is one of the most important resources you can have as part of your business. So much is done online, from emails to sharing files, having meetings, invoicing and more. Spend some time researching companies in your area and which one will give you the best and most reliable broadband speed for your budget.
There’s nothing worse than being in an important meeting and having the video buffer, especially if you’re trying to bring on new clients to grow your business.