Small business owners want as much help running their businesses as they can get. A turnkey business solution makes that happen for them.
Acquiring funds to start a business is hard, but starting and running the enterprise is even harder. You can make things easier with a turnkey business solution, a service that easily helps start and run your business for you.
A turnkey solution enables you to reduce the amount of time that you spend developing a business model, filing legal documents, marketing your products, collecting debts, and more. Below, we’ll introduce you to the basics of the implementation and integration of a turnkey business solution.
Turnkey business services can help start and run your new company in numerous ways. Here's how:
Newcomers into any specific business normally face a steep learning curve, but with today’s tools, it doesn’t have to be that way.. A turnkey business solution helps new business owners with everything from market research and accounting to generating leads and building a customer base because these are included in the turnkey business solution.
Many new owners of businesses fail because they don't prepare their finances and resources. As a result, their initial capital runs out, leaving them without the funds they need. However, some business owners find that overhauling their current business processes in favor of the turnkey model helps them manage their finances with little effort.
When you can’t keep up with your finances and resources, you may lose inventory or customers. That could leave you with a failed business. Maybe even warehouses full of inventory that never found buyers.
On the other hand, a turnkey solution provides materials, well-planned finances, the necessary training and assistance from the first day to help you navigate the hurdles of running a business.
It also helps you with the required technology to run your new company, assist with price setting, and monitor your progress. The technical support that a turnkey business solution provides keeps the setup of your new company running smoothly.
Having a website is a must in the digital age. Consumers want the convenience of an online purchase and you'll miss out on a major aspect of the market if you only opt for brick and mortar.
A robust website will tell consumers what you do, offer an eCommerce channel when applicable, provide a seamless user experience, and adhere to SEO factors.
Hoist's turnkey business solution platform offers you a site builder that will allow you to create a website for your painting business in minutes. It is as simple as uploading your business information and inserting captions.
If you're in the B2B industry, clients will often want you to send estimates. That's why you want a turnkey solution platform that will offer you ready-made templates to customize with ease. These templates make it easier for you to calculate fees, estimates, and other financial specifications as you grow your business.
In addition to estimates, invoicing can take a considerable amount of effort, even for an established business. The turnkey model makes creating invoices more accessible than ever.
The majority of businesses expend needless effort creating and sending invoices to clients, only for them to be late with a payment. That's why payment portals will work in your favor, as they always make payment seem like a breeze.
A powerful turnkey solution platform offers your business all these benefits, as well as other tools and templates.
About one-third of the work you do in your business can be automated and made easier with productivity tools.
When automation takes care of repetitive tasks, you have more time to focus on other critical aspects of your business.
There are many ways to generate leads for your business, including social media ads, Google's PPC, SEO, email marking, cold calling, and content marketing.
However, these lead generation methods have their disadvantages. They can be overwhelming and off-putting, especially if you're not a marketer.
Fortunately, you can use tools to automate many of these functions. You’ll only have to monitor them or adjust the automation periodically.
Your business is growing, and you're getting more calls than you'd planned for. Your customer care representatives are overwhelmed with the new workload.
Hoist’s turnkey business solution platform offers a US-based call center to meet your business needs. We do SEO, too.
Search engine optimization (SEO) helps your website reach the top of search engine results pages, putting you in front of thousands of potential clients.
With proper SEO practices, your ROI can be as good as Google's PPC. The benefit of SEO over PPC is that you continue to reap the benefits past the investment period, leaving you with short-term and long-term profits.
Being a CEO is hard. Your decisions affect the lives of your employees and consumers. That's why you need expert coaching to improve your decision-making and to have someone to consult with a similar skillset to yours.
Effective coaches will not only give you their time, but they'll also travel to see you and your business, offering you a more hands-on experience.
When an outsider takes a keen look at your business, they're likely to see improvement areas you might have missed. Coaches will do this and help you come up with an improvement plan.
They will also help you become more confident, think critically, prioritize goals and tasks, become accountable, and get unstuck.
When you leave your 9-5 to pursue your passion in business, you're looking for some freedom. But running a company often takes more time than a regular job.
You may find yourself working odd hours in your business’s early stages before your systems are in place and before the business is big enough to hire others to help run it for you.
So, what do you do in the meantime?
A turnkey business solution platform helps you with your day-to-day activities. Virtual assistants will help nurture your leads from appointment to sale, and customer service representatives will help your consumers troubleshoot various issues.
The provider can help your business accomplish any tasks, either by their hand or that of their subcontractor.
Owning a franchise business is one way to reap the benefits of the turnkey model. However, franchises are relatively expensive to start, often costing hundreds of thousands of dollars. You might also have to pay a franchise fee alongside your purchase. In contrast, Hoist charges only $8,000.
While some turnkey solution providers only offer accounting and information technology functions, Hoist will provide you with everything you need, from training, marketing, and website building to coaching, SEO, and even a call center.
Something that helps Hoist businesses thrive is it’s supportive community of fellow business owners and experts. In addition to getting detailed advice from the Hoist team, businesses that use Hoist get to interact with other entrepreneurs and learn from them.
Don't reinvent the wheel. Instead, consult with those who've been where you are. You get to exchange ideas with other businesspeople and learn from their challenges.
About 20% of small businesses fail within their first year, and 42% fail because the market for their service or product doesn't exist.
Many of these businesses wouldn't have failed if they had done the proper market research with the right help. Knowing that there's demand for a product or service and creating the right marketing strategy on the onset is crucial to the success of a new business.
Failure can also be attributed to poor marketing. When businesses market aggressively and use the proper promotional channels, they often get positive feedback. This translates into sales or information that helps tweak the product to an acceptable design.
Moreover, businesses fail because of cash flow problems, cost and pricing issues, stiff competition, and more. But how can you handle all these challenges to ensure your business' survival if you're juggling between a dozen things?
Your time is limited, and, to get the most from it, it helps to focus on doing fewer things very well. That's why Hoist exists; to make this dream come true for you.
Visit Hoist today for more information on how we can get you operating quickly.
Sources
SEO vs. PPC: Differences, pros, cons & an integrated approach | Search Engine Land
How Small Business Coaching Can Help Your Business Grow | the balance
What Percentage of Small Businesses Fail? (And Other Need-to-Know Stats) | fundera
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