If you’re pursuing a health-based business, it’s probably because you’re passionate about wellness, fitness, and helping others live a more healthful lifestyle. Unfortunately, as an entrepreneur, you may have many administrative, legal, and financial responsibilities that demand your time and energy, taking you away from the activities and products that made you want to start your business in the first place. Knowing which tasks you should seek assistance with can help you grow your health-based business.
Outsource Tasks That Distract From Your Passion
Some of the tasks required to set up and run a business can be outsourced to professional services.
When you first start your business, you’ll have to determine its legal structure. A new small business owner could form a limited liability company to gain legal protection and tax benefits, whereas a business owner seeking outside investments or expecting rapid growth could establish a corporation instead. Either way, make sure your business is formed in your state correctly by hiring an attorney or working with a business formation service.
Once your business is up and running, marketing services can help you identify your target market and develop a strategy that attracts new clientele. Working with an outside service means your marketing materials are more likely to appear cohesive and reach the right people.
Adopt New Technology to Work Smarter
Using business software and other new technology can streamline your work so you can get more done with less time and effort.
If you own a product-based business like a health food store, consider using inventory management software to keep track of your items more easily and accurately. Whether you operate a retail store or an e-commerce site, accounting for your inventory allows you to better respond to changes in customer demand.
You have to be punctual and organized with your appointments if you provide a service like personal training or wellness coaching. Utilizing appointment scheduling software helps you stay organized so you can cultivate stronger relationships with existing customers and welcome new ones.
Look for ways to improve efficiency. For example, if you’re creating marketing materials or updating the employee handbook, you may need to make significant changes to PDFs which can be difficult. Fortunately, you can use an online tool to convert from PDF to Word so you can easily edit your documents and then resave them as PDFs.
Surround Yourself With the Right People
You should involve yourself in aspects of the business that result in new people being brought into your orbit. Seeking out loyal customers, reliable colleagues and engaged investors enables your business to succeed.
Your marketing strategy can help you attract clients or customers, but if you want to cultivate loyalty and keep them coming back, focus on improving retention by elevating the customer experience and providing excellent service. Studies show that over 50% of customers are likely to look for a different provider due to poor service. Loyal customers provide reliable income and may refer your products or services to others.
When hiring contractors or employees, check their references, verify any relevant claims, and perform a criminal background check. Do your research when outsourcing professional services and selecting product vendors, too. Take time to read unbiased reviews online and consult people in your network before entering any new business relationship.
Investors can help you get your business off to a running start, but make sure you’re working with people who share your vision. When vetting potential investors, ask questions about their values and workstyle to ensure a good fit. Also, look into previous companies they invested in and speak with the owners to get a more complete picture.