Post written by guest blogger Derek Goodman
It’s common for entrepreneurs to struggle with the day-to-day management of a business. From keeping track of expenses to invoicing clients, there’s a lot to get done every day! Many days, you’ll feel like you’re just barely treading water handling daily management tasks. How are you ever supposed to find the time for big-picture projects? Here are some tips from Zeno Effect Media to help you get a better handle on things.
Form an LLC
If you’re currently operating your business as a sole proprietorship, forming an LLC can offer some invaluable peace of mind and make it easier for you to focus on your day-to-day business tasks. LLCs protect their owners from financial and legal issues. As a result, you will never be personally liable for debts and liabilities incurred by your business. You can form an LLC easily by filing your formation paperwork online.
Leverage Invoicing Software
If you’ve been in business for a while, you know that some clients can take a long time to pay their bills. Instapage explains that 62% of invoices take at least 60 days to be paid. That’s a long time to wait! And if you’re struggling to get your invoices out in the first place, it can take even longer for the cash to start flowing back in.
Use an online invoice generator to automate your invoicing process and encourage clients to pay faster. This free tool is simple to use and is designed with customization in mind. By adding your company logo and other graphics, you instantly brand the document that’s recognized every time your clients or customers receive an invoice. Easily complete an invoice and download it as a PDF for either printing or emailing, and you can return to it anytime you need for further editing and updating.
Invest in Accounting Tools
Invoicing is just one small part of accounting. If you want to save even more time and eliminate the risk of routine errors, invest in accounting software designed for small businesses. Accounting software will monitor your sales and expenses in real-time, without the need for regular updating. Choosing accounting software that integrates with your invoicing and inventory tracking tools will streamline your entire financial management system and save you countless hours every week.
Outsource Customer Service
If you’re struggling to handle your daily volume of customer service inquiries, outsourcing customer service is a great way to free up your time without onboarding a lot of new team members. Partnering with a professional customer service provider will enable your customer support to sail through seasonal cycles in demand and scale with the growth of your company. Research and compare customer service providers to find a company that offers the kind of support you’re looking for.
Hire a Virtual Assistant
Delegating other time-consuming tasks, like data entry and client scheduling, to a virtual assistant is another great way to streamline your daily to-do list. According to Thinkific.com, hiring a virtual assistant is an affordable alternative to hiring regular employees. And when you look for candidates remotely, you can hire the best of the best instead of being limited to local talent.
Establish an Order Fulfillment Strategy
If you run an e-commerce business, there’s a good chance that order fulfillment is one of your daily struggles. Whether you’re dealing with slow shipping speeds, location constraints, complicated order fulfillment software, or inefficient returns, there’s a solution out there for you. Now’s the time to revisit your order fulfillment strategy and create a system that works better for you and your business! This might mean choosing a new fulfillment provider that offers more comprehensive support and easy-to-use software.
Nothing about running a business is easy. Even seasoned entrepreneurs can struggle with the day-to-day management tasks involved in keeping a business operating. If you want your business to run a little more seamlessly, take advantage of all the tools and resources that are available to you!
Zeno Effect Media helps small businesses (including solopreneurs, artists, and freelancers) level-up their messaging so that they can achieve their goals for growth and success.
Schedule a free consultation or call 805-394-8440 today!
About Our Guest Blogger
Derek Goodman is an entrepreneur. He’d always wanted to make his own future, and he knew growing his own business was the only way to do that. He created his site Inbizability to offer you tips, tricks, and resources so that you realize your business ability and potential now, not later.
Zeno Effect Media 