5 Things You Shouldn’t Forget Before Opening Your Small Business
So you’ve spent months and months planning the opening of your new small business. There is no doubt that this is going to be a big deal, especially if you quit your regular full-time job to do this.
The couple of days before opening day are going to be a bit stressful, as you have so much to remember and check off your to-do list. To make it slightly easier for you, we’ve come up with five things you shouldn’t, under any circumstance, forget to do before opening day. Want to know more? Then read on!
Get Your Cash Flow Ready
You will need plenty of cash in the first few days of business. This is because there may be some small items to buy that has slipped your mind or other last-minute transactions to take care of. So your cash flow needs to be healthy.
Make sure you have enough petty cash in your office. Your company’s capital could end up locked in assets and high-interest bank accounts. In this case, you will have to use some of your personal money to get you through.
Protect Your Name
Your business name is super important, as it gives customers and clients a quick idea of the type of product or service you provide. Many small businesses spend a lot of time coming up with an excellent name.
One of the worst things that could happen to your name is someone else using it for their own project. It’s super easy preventing this. You just need to speak to Trademark Consultants, who can put a trademark on your company name. This makes it illegal for anyone else to use it without your permission.
Get People Excited
Things might get slightly embarrassing if no one turns up to your shop on your first day of trading. Or if you have an online store and no orders come in for the first few days. If this happens, it’s probably because you didn’t create a big enough buzz about the opening of your company. People need to know that you are about to enter the scene. So use social media to get them excited.
There is nothing worse than going to a restaurant or shop that hasn’t trained its staff correctly. The whole place will feel slightly chaotic! And it can be equally as bad calling an office who don’t know what they are doing.
So whatever type of company you own, make sure your staff is fully trained before opening day. You can expect some small hiccups in the first few days while they are getting used to their new jobs. But this shouldn’t last too long.
This point might seem obvious to most people, but so many still forget! If you are opening a shop or cafe and will be inviting members of the public in, remember to have a quick clean up before you open. If the place is a mess, it isn’t going to give off a great impression of your business!