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When you start a new business you don’t picture yourself spending the majority of your time worrying about paperwork. Unfortunately, for many business owners, the reality is that you do have to spend an incredible amount of time doing things that are less about making your business better and more about keeping your business functioning. Naturally many people would like to be able to spend most of their time working solely on business improvements. This article aims to give you a few tips on how to stop worrying about paperwork and focus on your business more.
Get Someone Else To Do It
The simplest solution to your paperwork problems is to outsource everything to another company. A similar thing to do would be to hire an assistant or secretary but that would probably still lead to you having to spend quite a bit of time thinking about it, signing documents, and approving things. It could potentially be much more helpful to allow a specialized company to take over all of the administration and let you focus on the important stuff. As mentioned on this website, there are several different things that you can get an outsourced company to do. There are also a few requirements that your business needs to be able to outsource your administration. Below are a few key points.
1. What Do You Need
To be able to outsource the paperwork and administration of your business, you need a few things in place. Firstly your business needs to have some capital for any outsourcing company to be able to know that you are serious. You will also need to have at least one shareholder, other than yourself. So that there is someone to liaise with the outsourcing company to double-check that everything they are doing is as you want it, you will need a secretary. A secretary is invaluable and although you may not feel your business is big enough to warrant it if you want to be able to not do as much paperwork having a secretary is a must. You will also need a business address in whichever country you are operating in. These are the main requirements that most companies will ask of you if they are to take over your administrative duties.Naturally many people would like to be able to spend most of their time working solely on business improvements. This article aims to give you a few tips on how to stop worrying about paperwork and focus on your business more.Click To Tweet
2. How Do You Benefit?
Although the main benefit is obvious in that you will not have to worry about paperwork anymore, there are other ways that you will gain from outsourcing. If you are setting up a company in a different country, you will not have to fly there as the outsourcing company will be able to take care of any ‘in person’ requirements there may be. All your documents will be digitized, making your files easily accessible and most importantly very well organized. With this digitization, you can employ digital signatures which means you won’t have to wait for couriers or mail services. These outsourcing companies have such a wealth of experience that the setup is streamlined so much that it will be so much quicker to get you off the ground. Many larger companies will also offer you access to perks and discounts from other businesses that they help out, bringing your business into a wider ecosystem of helpful entrepreneurs. There are many benefits to outsourcing your administrative duties, aside from no longer having to do paperwork.
3. How Much Does It Cost?
This might all sound great but you are probably thinking, ‘How much does this cost?’. Well, despite it not being free, and obviously more expensive than doing it yourself, the prices are very reasonable. Depending on what kind of service you require it could be as little as 35$ for an initial company set up to a few hundred dollars a year for ongoing support and maintenance. If you think about the number of hours you will be saving from not having to do this work yourself, these costs are minuscule. Prices will vary from region to region but in general outsourcing, your paperwork is not a very expensive thing to do.
Be More Organised
If for whatever reason, you cannot outsource your paperwork there are other ways that you can focus more on your business. These methods will require additional organization from yourself and probably take quite a bit of work to get started but they will help you out in the long run.
1. Set A Strict Schedule
Although it can be difficult to stick to a set plan as unexpected things can come up all the time, try to set yourself a daily and weekly schedule. By setting up specific time slots for which you have to get certain things done, you should find it easier to stay on track. You can treat these like mini-deadlines that help keep a reasonable pressure on your work admin. Remember to set aside some buffer time for each day and reasonable breaks too. By scheduling all of your time and knowing how long you need to do each thing should allow you to focus on your business more and not get caught up doing paperwork all the time.
2. Know When To Say No
If you are a new business and are a small company, you need to know when to say no to work offers. It can be hard to decline work, especially when you are starting out but if you try to take on too much you will end up overstretched and not do a good job for anyone. This will also inevitably mean that all the paperwork for each job will pile up. Keep within your limits and know when enough is enough.
As much as running your own business allows you to be in control of what you do, many administrative tasks also need to get done. These tasks can be sometimes lengthy and mean you have less time to focus on your business. By either outsourcing this work or keeping yourself incredibly organized, you should be able to redress the balance. There is a way out and you just need to decide what will work best for your business.