Updated: Aug 7, 2019
Hey business owners, it's July 31st, and if you're like us then you're celebrating Harry Potter's birthday! If not, that's okay, we've still got some magic tools for you to implement in your business.
There are three major reasons why businesses fail: lack of money, lack of knowledge, and lack of support. But not to worry, we're here to cast lumos and shed some light on different ways you can fight falling victim to these!
1. Business Plan
Developing a business plan can be a huge help towards your goal of starting a business and keeping it going strong. A business plan can also be a huge help when seeking funds for your business. Lenders and investors like to see that you have a direction for your business. A business plan can be as short or detailed as you like and will grow and change as your business ages.
I've written an entire post on what a business plan actually is and what it comprises of, check it out, here.
Consultants and business advisors are another magic tool to take advantage of when starting or growing your business. Advisors can come in a lot of different forms and can provide knowledge on a variety of different things.
3. Online Tools
These days there are so many tools for small business owners- from accounting to social media planners- the internet has got you covered! If you're looking for support, online tools can provide that for you and help your small business develop and grow.
And there you have it- now, relax and go enjoy your butterbeer!