With the important role technology plays in today’s society, information technology businesses are a smart business choice. Though many use technology, few truly understand the specifics. When it comes to integrating technology into all businesses, many are in need of an IT specialist to take care of the technological issues.
Though IT businesses are in demand, starting any business can be challenging, especially if it a solo venture. Thus, here are 12 tips to help you build an IT business from the ground up:
- Don’t Quit Your Day Job…Yet
While you are actively working to build your client list, look into other ways to supplement your income. If possible, it might be a wise idea to stay at your current position until your IT business is in a position to expand into a full-time business.
- Part-Time Work
Though IT consulting can be a hugely profitable industry, in order for you to turn a profit, you need clients. Building a solid clientele can take time, and in many cases, you may only be working part-time, if that, as a consultant until you build that list. If you are financially able to quit your current position, recognize that for a time, you may only be doing consulting part-time.
- Tech Companies
Or, consider working for a company that sells a specific I.T. product or service. Even if it is not necessarily in your niche, you will be exposed to another side of technology, which can help you learn more about running a business, different programs like cisco’s value incentive program, which is a great opportunity to partner with and sell Cisco technology products, and even marketing strategies.
Consider contracting with an existing company as an IT specialist. Not only are you getting experience in the field, you are also contracted, which, depending upon the details of your contract, usually means you get paid more than employees.
- Legal Obligations
Something to keep in mind is the legal obligations you may have to adhere to when it comes to starting your own business. If this is the first business you have started, you might not be aware of some of the legal ramifications you might be subject to, including insurance and safety in the workplace.
When starting a new company, it is important to be aware of what taxes you will owe come tax season. Check out the Small Business Administration in order to get more specifics.
One of the most important aspects to business is creating an organized business system, including invoices and customer tracking. Invoices are a good business practice, as they are proof of goods and services that have been bought and sold. For both tax and legal purposes, this is an important system to integrate into your business. It is for both the safety of your business and your customers.
- Customer Tracking
Moreover, invoices can help provide your business with valuable information on customer tracking. For businesses, it is important to gain customer loyalty. Having a record of who you have done business with can provide you with the means to reach out to customers at a later date in hopes of attracting their business once again, hopefully converting them into a loyal customer.
A key to expanding your business is through advertising. One of your best assets is word-of-mouth marketing, which comes from loyal customers. Without being demanding, ask customers if they would not mind sharing your business with their friends and co-workers.
However, there are other forms of marketing that can be beneficial to your business, such as networking. If you have done work with clients and businesses in the past, consider reaching out to them, offering your consultant work. Additionally, reach out to other companies you have not worked with in order to get your name and business into the field.
- Social Media
Moreover, use social media to your advantage. Using social media to promote your new business is an inexpensive way to share your services with others. Consider creating a website for your business, detailing your services, business experience, and business ethics.
Another way to get the word out about your business is to create content articles for your website. These articles can be about technology tips or technology news, etc. The reason this is so important is because it establishes you as an authority, which helps create trust with a client. Plus, you can share the articles on social media, generating additional interest in your business.
These 12 tips can help you begin your IT business, hopefully turning it into a full-time, profitable business.