How to start an online business when you have a full time job
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It is not easy to start an online business if you need to work for a living. However, there are ways to get past that problem and still be able to create your own online business without much hassle. What do I mean?
The solution is simply outsourcing your tasks and letting other people do the jobs that you don’t have time for or don’t want to do.
Websites like fiverr.com and freelancer.com are great places to look for freelancers that you can hire and let do the boring work, while your attention is directed alternatively at getting your business up and running. Freelancer.com also has some good tips in their blog section if you have a look around it!
Outscource accountancy
One of those things that many people will outsource is accounting because they generally find it boring or just really hate doing it. Most online businesses require quite a bit of bookkeeping as well as tax filings at the end of each year so starting an online business when you have a full time job can prove challenging in this aspect. How can you ensure that your tax reports are filed on time and accurately?
However, our team of Chartered Accountants in Coventry has been providing accounting services to sole traders and small businesses for many years. We can support you with your online business from start to finish by taking care of all your bookkeeping, tax reporting and auditing needs. Our Chartered Accountants Coventry will ensure that your accounts comply with current legislation so you don’t have to worry about being penalised for not doing things properly. The Coventry team of chartered accountants will also produce a report at year end allowing you to see how your business has performed throughout its first year or more in operation.
This way you can focus on what really matters when it comes to running an online business – creating products, marketing them and making sales. Chartered Accountants in Coventry are here to make sure that you have less to worry about in your day-to-day operations so you can concentrate on doing what you do best – running your online business from the comfort of your own home.
But starting a business isn’t just about accountancy, you need to have a firm grasp of the technical side of things as well. Finding business professionals who can also provide assistance in this area and will provide guidance on how to set up your website for maximum exposure as well as how to market it online via social media and search engine optimisation techniques. A great way of finding help in this area is by asking for recommendations from other business owners, especially those in the same niche as you.
What shouldn’t i outsource?
Although you might think that everything can be outsourced, there are some aspects of running your online business that you will need to keep in house. The following tasks should not be sub-contracted:
1) Creation and design of your products
2) Business plan and growth strategy
3) Customer support if any issues arise during the life cycle of a product sale.
These three points above have to be handled by you as they require an intimate knowledge of how each area works within your business – only then can you optimise them for maximum exposure and revenue opportunities. Also, don’t forget that customer service is extremely important if one day a dispute arises or there is a problem with a product. Do these activities in house if you can. You, or your own team will care much more about your product than sub-contracted or outsourced staff.
If you want to start your own online business, but have a full-time job being smart with your time is key. Our team of Chartered Accountants in Coventry will be able to assist you in this process by taking care of the boring stuff and allowing you more time to concentrate on building your business. Are you ready to take the plunge?
