I’m just starting out in my new business. Money is limited, but I still want to invest in the right things. Where to begin?
When starting a business your budget may be at the front of your mind, but that shouldn’t be the only priority. Your organizational style deserves significant attention, too. The way you manage files, documents, inventory, and more will impact your ability to deliver your product or service. Taking time up front to make wise organizational investments will support your bottom line going forward. So what investments should you make? Here are some tips to consider.
Charters, tax documents, deeds, articles of incorporation, and other important documents should be protected from loss or damage. Don’t just toss these documents into a drawer to get lost or bent. Instead, consider using an archival binder with sheet protectors. Invest in binders to help you do everything from organize documents, outline plans, and track targets or to show off your work.
Build good relationships with all parties with accurate billing and timely payments. Choose a system for accounts payable and receivable that complements the way you work and the volume of work you anticipate. Good options include:
Don’t let offsite meetings disrupt your organizational style. Invest in quick file folders, briefcases, and binder caddies to keep what you need in order on the go. Easily maneuverable wheels take the hassle out of travel so getting to court, a conference, or through the airport concourse is a breeze. Use color-coded files to find what you need inside your briefcase without fumbling.
Preparedness is critical to success. Choose the organizational tools that are right for your new business, so you can focus on what matters—a successful launch and your future growth strategy. You can do business better when you choose a system that supports the way you work.