People start up new businesses everyday. They can be on a small-scale, like being a blogger which is what I do, or starting up a new venture complete with premises, staff and the bills to pay. I’m writing this post to make sure you are aware of the hidden costs that you need to plan for to stop your business from becoming a failure from the very start. Planning is key to get your business on the way up from the beginning.
These are the top 3 hidden costs you need to be aware of:
Bills such as electricity and gas can creep upon you if you don’t keep an eye on the usage. Did you know that a micro business based in the UK will use on average 7,500 kWh of electricity per year and face a total bill of £1,062 as a result? According to data from BusinessEnergy. The bill rises to £2,038 for a small business, £3,146 bill for a medium-sized business and a £7,346 bill for an industrial business.
All of this doesn’t include your gas bill costs.
So as you are setting up your business shop around and find the best offers for your needs. Flogas, for instance, offer a competitively priced and reliable gas supply and can help save up to 45 per cent on your gas alone.
There’s no way that anyone could deny that we now live in the digital age. From the internet to smartphones, digital technology has now taken over just about every single aspect of most people’s everyday lives. Of course, as the world changes, businesses inevitably change with it. One of the biggest mistakes that many businesses make in the modern age is that they assume that they don’t need to move with the times.
A lot of business owners seem to be under the impression that, as long as they stick with the things that have always worked in the past, their business will continue to flourish. Sadly that is not the case, and many business owners find that their business is left behind by the competition and, in some cases, fails entirely. If you want your business to stay competitive in the digital age, then you’re going to need to embrace it.
Here are a few benefits to going digital with your business.
Increasing your business’s presence
Picture Taken From Pexels
Ever since I started blogging “properly” at the beginning of the year I have been toying with the idea of getting my own business card designed.
It just makes you feel more business like and important doesn’t it?
I’m not totally sure where I will give them out yet, but I’m sure I will think of something.
Anyway I was offered the chance of getting some business cards printed up by Colour Graphics in exchange for a review. I chose the 50 un-laminated double sided business card.