Starting a business is a dream come true for many the world over. It sets us on the path to financial freedom, gives us independence, makes us go after our passions, and provides us with a degree of control over our lives. Business success stories are fairy tales in the adult world.
For many, it remains a dream, but some take the step forward and chase it. However, starting a company is not the hard part. 90% of businesses fail almost immediately they start. This means that out of every 10, 9 companies will not make it to success.
Among other important factors, creating the right positions in a small company is important. Here is a list to help you choose the right people to help you achieve your goals quickly:
- Product Manager
- HR Manager
- Sales Rep
- Customer Service Rep
1. Product Manager
Their role is to organize teams and coordinate personnel in the business to make the product successful. As a result, they have a more profound technical knowledge of the product than the average employee in the company.
They also often, but not always, have more experience in that particular field.
A marketer will identify and target potential customers for the company. They will have a way of communicating the product or service to the world outside the walls of the organization. Although all the employees help market the product in one way or another, an expert is responsible.
Accountants will help to keep track of important aspects of the business, such as sales and expenses. They will compute profits and losses to help generate forecasts and monitor trends. In addition, a small business accountant will advise on crucial pillars, such as the structure of the business and how to go about taxes.
They will manage cash flow to help grow the company.
4. Human Resource Manager
Their area of expertise is finding the right employee specific to the tasks. Employees are almost the backbone of every organization. Therefore, hiring the right person for the job is paramount.
Human resource managers also help to address employee grievances. Disgruntled employees cost companies in the united states up to $550 billion every year, pointing out the need for HR.
Although it is rare to find a startup with a human resource department, professionals have to come in at one point to help manage the growing number of employees.
5. Sales Representative
Without selling, a business does not exist. Hire a sales representative to save yourself the time and effort of convincing potential customers to buy from your company.
They are the driving force behind any business. In coordination with a well-constituted marketing team, a well-constituted sales team will propel any business success.
Sales representatives help to expand distribution channels, come up with the best prices for the products and support to come up with strategies for future planning purposes.
6. Customer Service
Without customer service, you’ll find retaining customers challenging. Today consumers expect 24/7 contact with a business, achievable with technology like AI ChatBots, Live chat, and outsourcing to a help desk provider. Your customer service rep will work out how to get premium service using technology and outsourcing so your customers want to return to your business.
Careful selection of the first hires for positions in a startup will ensure it has the foundation for coping with economic downturns and growth spurts. You may have realized we have not included executives. When your business reaches a few financial milestones, it will benefit from hiring executives who can take it to the next level of performance.
Feel accessible to contact us or check out our page for more insights and tips on starting up and growing your small business.