When you first start a business you will not need much support and you will be able to do pretty much many of the duties by yourself. But with time as your business grows, it will become increasingly difficult for you to handle everything just by yourself. This would be the ideal time for you to start expanding your workforce. However, because you are a new business you cannot hope to hire as you like because that would lead to a lot of expenses. Therefore, knowing who you need to hire first will help you a great deal. Here is a brief insight into some of the positions that you should fill in before others.
Accounting Assistance
One thing that a growing business needs are help with handling its money correctly. You need to keep a tab of everything that is taking the money out of the company and you also need to know how much revenue is being generated. Next, you need to keep really tight tabs on the tax payments that have to be made and any other payments that are due like the utilities. If you have other employees, any taxes that need to be deducted from their salaries and the payment of their salaries need to happen on a timely basis. This is why you will need to hire an accountant for many other positions. Also, you will need to get a brief analysis of the cash inflow and outflow in your business. If you do not have an accountant you can get a reputed body to do this for you such as pillar financial reviews. Nevertheless, an accountant position is one that you need to fill carefully.
Administrative Assistance
Another area that can take up a lot of time, if you are handling it all by yourself is the area of administration. All that filing and keeping things in order will need somebody who can dedicatedly work towards it. An admin person will not simply be handling the duties of keeping things in order, handling the filing and purchases and the likes they will also be in charge of getting quotations for pretty much anything and coordinating in the case of any event with external parties. Having a professionally qualified individual handle the administrative side of the business will save you a lot of time.
Business Development
Revenue is key to a business that is able to sustain itself. If a business is unable to generate enough leads and find enough clients it will not be able to sustain itself and there will be difficulties. While you can work on bringing in the money all by yourself sometimes, you will also need assistance and that is why you will also need to think about hiring somebody for business development. They should be helping you with the sales and the marketing and to also generate new client leads and gain more revenue. It is important that you hire experienced personnel for all of these positions so that you can have the best results.
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