Smart Investments For Small Business
If you have recently started making some reasonable income from your side hustle, freelancing or your small business, then firstly, congratulations! And secondly – it’s time to use it wisely.
Think about what takes you the most time to do. While you will save money by learning to do it quicker, you will perhaps lose more by spending so many hours tackling it. Every minute that you don’t get to spend working IN your business is time that you have lost creating new content, products and services. So a great place to put your money into something that makes your every process quicker. A virtual assistant might just be the perfect place to put some cash. They aren’t super expensive and are very streamlined in what they do. So if you find you are spending a lot of time mopping up emails arranging appointments or even research and data mining – hand it over.
In general, you are going to be better off keeping on top of your money from day one. Using digital VAT software – and keeping it all updated weekly. Keep all of your mileage – you can find an app to do this if your software doesn’t. Take photos of all of your receipts and upload them to a file on your computer – as well as keeping the paper version.
This is a time investment – but if you stay on top of it, you won’t be spending days and days sorting through your earnings. Instead, you will simply need to check a total.
The same goes for the files on your computer. Keep them named and dated. So you no longer need to spend hours trying to find a logo you made for a brand in May 2 years ago – instead, you can be sure that you can get it in minutes.
Social Media Automation
While there is a lot to be said for a conversation that is currently happening, it’s interesting and gives you a more profound sense of your audience – but you really need to consider having your social media automated.
You can set up months of content, pertaining to your business – because of course through your organization skills, you know what you have coming up and launch dates too.
Some have brilliant free options so you can try them out before you decide to commit to any. The point is you can save a lot of time by having your usual campaign social media lined up and auto-posting. Giving you time to talk in real time and share on-trend content.
Take More Work
Then commission it out. For example, a writer might take on 25 pieces due in a week. The probably aren’t going to be able to do all of that alone. So they hire another freelancer and cream off the top of the initial payment. The work is done, you have made a profit – and you have given employment to another freelancer. Just make sure you declare it all properly.