Startup Opinions

Menu
  • Business
  • Startup Stories
    • Entrepreneur
  • Finance
    • Investment
  • Trending News
    • Infographics
    • Videos
  • Tech
    • Crypto & Trading

4 Main Pillars for Startup

Startupopinions March 12, 2016

The image of a business entrepreneur striking out all alone in the world might seem highly romantic, but try to do that in real life, and you will rapidly find yourself on the road to disaster.

A successful startup needs all sorts of skills, and anyone who claims they can do it all is either lying or deluded. Making smart use of business consultants doesn’t just bring in expertise, it also provides a second pair of eyes to see things from another perspective. Having consultants to call upon in the following areas will help your business get off to the best possible start.

Table of Contents

  • IT Advice
  • Financial support
  • HR Advice
  • Legal support

IT Advice

Every business relies heavily on its IT, and these days, this is a function that is often outsourced to a third party provider or consultant. Get your IT support on team as early as possible, as he or she will be able to help craft your hardware and software infrastructure from the outset. This is also a good person to have with you when you are selecting your office. Choosing the perfect location is a more complex decision than you might think – click here to read an in depth discussion on the topic – and an IT consultant will be able to offer guidance on just how much work is going to be involved in getting the tech installed and operational.

Financial support

Getting the numbers right, from those early business plan projections to guiding the company through its first months of operation is fundamental for survival. How strange, then, that many entrepreneurs claim not to have the time or interest for properly managing finances. For a small start up, the ideal solution is to appoint a local accountant who has experience in your sector and in working with small businesses. It is one of the most important partnerships you will strike up, so choose wisely.

HR Advice

People management is a specialist subject in itself. Consider making at least temporary use of a business consultant to prepare and help the company to establish its workforce and operating practices, as well as to work with your IT provider to prepare and implement the necessary software solutions. There are plenty or companies out there who are prepared to take full responsibility for personnel management, and if yours is a labour-intensive business, that is something well worth considering.

Legal support

From creating terms and conditions of business to assessing contractual risk, any business will face legal questions and challenges from time to time. The larger corporates might have an in-house counsel, but here in the real world, one of the new business entrepreneur’s best friends needs to be his local lawyer. This is an area where personalities matter. In the event of running into legal problems, you will be sharing your deepest, darkest secrets with your lawyer, so he or she needs to be someone you trust, respect and can get along with.

Share
Tweet
Email
Prev Article
Next Article

Related Articles

Groove Book
A great idea named groovebook which lets you make a …

GrooveBook Update: What Happened After Shark Tank

golf set
When sports fans and bettors tend to think of golf, …

Golf Pros Using Start-Up Investment Models to Fund Careers

About The Author

Startupopinions

Our content is delivered by a team of authors and contributors from multidisciplinary backgrounds, experiences, and various expertise. Together we deliver content which adds value to your life and we serve our readers only with authentic content.

Related Posts

  • Telling Your Company’s Story Through Photo Books
  • What is the minimum investment to start …
  • Great Elements for Choosing an Office Space
  • How to Stem Startup Stress
  • Born 2 is Teaching the Art of …




Startup Opinions

Startup stories and startup information

ABOUT US

Startupopinions is a leading blog platform profiling startups, reviewing new Internet products, and breaking tech news.

Contact us: [email protected]

USEFUL LINK

  • About Us
  • Contact us
  • Founder of Startup Opinions
  • Infographics Submission
  • Privacy Policy
  • Terms and Conditions
  • Write for Us

ALSO FROM THE TEAM STARTUPOPINIONS

  • Burptech
  • Skytechosting
  • Lets do startup
  • Free business ideas

DMCA.com Protection Status

Copyright © 2023 Startup Opinions