The 6 numbers every small business owner should have on speed dial
As a small business owner, it’s easy to feel like you’re on your own island. But if you ever find yourself stuck in this mentality for too long, it’s probably because you’re unintentionally isolating yourself. What you need is a deep network of business services, partners, and contacts to help you succeed.
Regardless of what business you’re in, what your budget looks like, or the professional skills you have, it’s smart to develop business contacts with as many people as possible. Here are a few contacts you should always have at your fingertips:
Most small business owners think, “I can’t afford a lawyer!” But the truth is that you can’t afford to not have a lawyer. You don’t need an attorney in-house – or even need to keep one on retainer – but it’s wise to be on a first name basis with a business attorney whom you can call when you have a question or issue.
Not only will this save your rear end, but it’ll also significantly lower your stress level.
If you’re currently doing all of your month-to-month financial statements, expense filing, taxes, and financial planning, you’re not operating at your peak potential. Accounting is important, but it’s not something you should do yourself.
By hiring a CPA – whether through an outsourced accounting firm or as a full-time member of your team – you can keep your financials in order and free up your schedule to focus on the tasks that really matter.
You may or may not need documents notarized on a regular basis, but every business owner will encounter the occasional situation where a quick notary is necessary in order to push a project forward. It’s best if you have an in-house notary.
It’s not very difficult to become an official notary, so you can always encourage one of your administrative assistants to embrace the role.
4. Printing Service
Access to affordable, 24/7 printing services is a must. This enhances your flexibility and gives you the opportunity to quickly produce things like booklets, catalogs, brochures, calendars, and other promotional items.
An online service like PrintingCenterUSA is the most convenient option.
Having a reliable banker is good for a couple of reasons. First off, it gives you access to the right banking plan or package that fits your needs. (This cuts down on costs and ensures proper access to your liquid assets.) Secondly, it helps you with loans, lines of credit, and other financing services that are important to growing and scaling your business operations.
6. Insurance agent
Insurance isn’t something anyone enjoys talking about, but it’s one of the more integral pieces of maintaining and growing a successful business. Without the right insurance policies, you face higher risk and lower certainty.
By aligning with an insurance professional – preferably a broker who isn’t associated with one company – you instantly gain access to all of the best products that are available in the marketplace.
Most importantly, never stop networking.
People often think about business networking in terms of finding new clients and customers. However, it’s equally important to network for the purposes of establishing mutually beneficial partnerships and relationships.
Not sure where to cultivate genuine business connections? The answer is everywhere. From structured environments like small business conferences and trade shows to impromptu encounters at the supermarket or in your neighborhood, you’re surrounded by opportunities.
If the thought of putting yourself out there and networking with total strangers makes you nervous, preparation is the greatest remedy.
As entrepreneur Alyssa Gregory explains, “One of the best ways to ease any anxiety you may have as you prepare for a business networking situation is by developing an elevator pitch. An elevator pitch is a short description of what you do, who you work with and the value you offer to your customers or clients. The goal is to be able to deliver this ‘pitch’ in 60 seconds or less, in a conversational way.”
“Conversational” is an important word in the larger context of networking. Whether you’re building a relationship with an accountant or an investor, you don’t want the interaction to feel forced and scripted. Being genuine and relatable is the best approach.