6 problems every business encounters
The road may be challenging in business, but Anytime is here to help
There are numerous benefits to be gained from working for yourself. You have the freedom to work whenever and wherever you want (within reason!). With this, you acquire more income potential.
However, running a business brings challenges of its own. In order to be successful, being adept in what you do is not sufficient. You also need to be ready to deal with the toughest problems faced by every contractor.
- Starting up
Every beginning is the hardest one. Before starting out and seeking potential projects, you need to
- define your goals
- identify your target clients
- come up with strategies for your services
- discover how to reach your target market
There will always be unexpected hiccups, so get advice from consultants with experience and knowledge regarding the subjects you are concerned about.
- Irregular income
Managing income for new, as well as established businesses, can be quite tricky. There will be times when cash flow will be at a peak and other days when you could find yourself short of funds. During the latter, your patience and determination may be tested; however it is important to ensure that you keep yourself motivated. Save up for the rainy days to keep you up and moving until you get back on the income peak once again. As specialist accountants, Anytime will help you manage your affairs and finances and give you the tools to help yourself.
- Clients pay late
Most businesses have encountered clients and customers who have delayed payment. Reminding a client about payment that is overdue is often uncomfortable and at times, frustrating. However, it is an unwelcome but essential part of working as a contractor. Most times, being open and up front with your clients and explaining how their payment delays affect your business is the best way to go. Don’t be slow to send a gentle nudge via email.
- Overwhelming workload
Running a business is no easy feat. Along with this, there are also statutory requirements such as tax deadlines. For some business owners, accountancy may not be their field of expertise. Others hire their very own accountants to help them. You can too!
Most businesses in the know invest in online accounting services such as Anytime which offers a comprehensive solution including a support package to cover all your company’s statutory obligations.
- Hitting deadlines
In business, you may have many customers to deal with at the same time and each of these clients will expect that their project is on top of your list. There will also be times that the clients will get demanding.
To deal with this, proper time management for each of your projects is essential in getting things done efficiently
- Staying inspired
When running your business, there will be times that you will have a creativity gap. Do not panic. This is usually just a result of being overworked. It just simply means your brain is in need of refuelling and rest!
Take a step back, do things that you enjoy to help boost your creativity, and begin again with a refreshed mind.
For further advice existing clients email us at support@anytime.uk.com or call 03333 110 230
For new enquiries contact us now
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