Are you getting ready to open the doors of your new business? If so, you probably have hundreds of issues on your mind. Chief among them should be getting the right legal advice about forming the organization, filing required paperwork and adhering to local and national laws for business entities. If you’ll be operating in the transport industry, it’s essential to leverage the power of fleet management software to stay in compliance with dozens of rules, laws, and ethical guidelines. Likewise, it’s imperative to have a specific plan to acquire customers. This step should be part of your initial long-range planning session.
Finally, make an effort to develop several techniques for minimizing office expenses and deciding what tasks to outsource. If your business is a one-person operation, you can work from home and hire others to do chores like marketing, webpage design, accounting, and advertising. The goal for new company owners is to spend little and focus on whatever their special skills are. Here are more details about implementing five effective hacks for starting your own business.
Get Relevant Legal Advice
Without the proper legal guidance, you’ll be getting started on the wrong foot, no matter how noble your intentions. Depending on your business line, contact a local legal expert who specializes in what you do. Make an effort to find an experienced team that works with startups and offers a transparent fee structure. Many firms who do so charge a flat rate to file necessary forms and take care of all the red tape of making organizations legally legitimate.
Whatever you can’t do yourself should be outsourced. At least for the first year, consider hiring others to do your accounting and tax filings, legal work, web page design, and promotion. This can help boost your daily productivity by allowing you to dedicate your time and energy towards the business elements that most deserve it instead of draining yourself on more trivial tasks. Try to devote the most time to what you do best, and let others take care of the rest.
Use Fleet Management Software
Transport managers and owners who want to lower compliance costs in one of the most heavily regulated business sectors turn to technology. Typically, that means using electronic logging devices (ELDs) to avoid the many legal problems resulting from hours-of-service violations. But fleet software systems do much more. ELDs are a core component of fleet software. Other features include:
- GPS tracking of cargo and vehicles.
- Real-time monitoring of road conditions.
- Creating efficient routes in any geographic location.
- Keeping track of maintenance records for every vehicle in operation.
Have a Customer Acquisition Plan
Part of your day-one business plan should be a detailed list of steps for finding new customers. It doesn’t matter whether you’ll be doing the work yourself or outsourcing it. The aim here is to have a written set of guidelines for attracting new clients to your business. Later on, you can outsource some or all of this chore, but the original business plan should include a customer acquisition policy.
Minimize Office Expenses
Strive to work from home during the first several months of operations, even if you have employees. When you rent office space, find the smallest area that serves your purposes and the shortest lease possible. Avoid the temptation to sign a longish lease to get a few months of rent at a discounted rate.