Six Ways to Cure Business Growth Pains Last Updated on April 19, 2019
It’s great when your business is growing, but sudden growth can lead to serious internal complications if you aren’t prepared to handle it. Wondering what to do and how to simplify company efforts to make things flow easier during times of business growth?
6 Services That Eliminate Business Growth Pains
- Automated Bookkeeping Services
Did you know that you could save 85% of the money used to run a bookkeeping team by switching to an automated bookkeeping software? Save time and energy spent on traditional bookkeeping by optimizing your current efforts with new technology.
Intelligent cloud-based bookkeeping services enable you to organize and monitor all company transactions in one safe place. They also have the ability to produce in-depth reports to let you know exactly where your money is coming and going.
The software may be a temporary adjustment but it’s very easy to use, so team members of any age and level of technology experience will be able to adapt in no time.
- Automated Payroll Software Plans
In addition to automated bookkeeping, save up to another 50% of processor fees by automating company payroll.
The human resources industry is constantly evolving and changing. When your business is rapidly expanding, your HR team should be focused on adapting to those necessary changes rather than stressing about whether or not your employees are getting paid properly.
Take the burden of current employee payroll off of HR’s plate and let them search for new employees to help you handle the incoming workload instead. Most automated software plans also provide users with a convenient online portal for easy, anytime access and schedule monitoring.
- Legal Services
93% of people believe lawyers are too expensive to hire. However, what most people don’t know is that legal services don’t have to break the bank.
Don’t avoid your legal obligations due to fear or a lack of finances. When your business starts growing, you need to make sure that you have the right coverage ahead of time. Whether you’re looking to protect your business, property, identity, or family, affordable legal services are available that can help you achieve your goals.
All of your contracts and documents should be reviewed and approved. Your business should be protected in case of emergency or damages. You should also seek to receive the debt that’s currently owed to you.
- Business Incorporation Services
Are you worried about running into legal issues that might pop up as a result from major growth? Reduce risk and protect yourself by incorporating your small business as soon as possible.
Depending on the registration location, nature of your business, and type of company structure you choose, turning your small business into a corporation offers various benefits. Some of these advantages include personal asset protection, increased credibility, and easier access to finding and securing capital.
The incorporation process usually takes anywhere from one to six weeks. If you utilize the help of expert advisors, the application can be completed and submitted within as little as 48 hours. No matter which way you choose to handle it, you’ll want to incorporate your company before you potentially run into any trouble associated with an influx of new customers and sales.
- Phone Answering Services
Don’t worry about incoming calls when your hands are tied with everything else. 24/7 answering services will accept phone calls while you’re in the office or away for the weekend. Phone answering services can communicate with sales leads and current clients, schedule appointments, take messages, dispatch emergency calls, and more.
You can either designate certain hours that the answering service will accept calls if you’d rather take them while in-house, or you can outsource it completely to spend your time focusing on other important tasks.
- Credit Card Processing: The last thing you want to worry about when your business is booming is whether or not sales are processing, and it can be hard to keep track of company operations during times of major expansion. Here’s three ways credit processing services can help:
- Using a reliable credit card processing service enables your business to earn 20% more sales, accept more payments, and save time while doing it.
- Credit card processors will ensure that all customer payments are successfully going through so you can rest assured that your money is exactly where it should be.
- When you need to deposit or access your money, funds can be available at the bank of your choice within 24 hours.
Keep Growing Your Business Without The Growing Pains!
Prepare for future business growth ahead of time to avoid any internal disruptions. Save time and reduce stress by optimizing your company operations sooner than later.
Lower costs, improve sales, streamline operations, and reduce risk with National’s variety of business services. Call (877) 482-3008 or complete our 1-minute application to speak with one of our business growth advisors today.
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