It’s all well and good getting a business off the ground when starting it from a dorm room or your bedroom and this has been the foundation of many companies including Facebook, Reddit, and Yahoo!. These companies have now become some of the largest and most powerful in the history of the world, able to influence billions of people.
But they wouldn’t be where they are today without some important factors and events that happened along the way and while you may not be thinking of becoming the next Mark Zuckerberg, you will certainly need to at least consider some of the following:
- Managed IT Services
- Investors
- Like-Minded Staff
As your company grows beyond one room it becomes necessary to invest in office space and with that, a managed IT service can be of great benefit while there comes a point in every company’s life where it needs outside investment and a dedicated team that shares the same vision is vital for a successful business.
Managed IT Services
Renting office space will probably be your first move when one room just isn’t enough to support your business. A modern office requires all the necessary equipment for management including computers, printers, and a telephone system at the very least but all of this can be expensive, timely, and complicated.
Most hacking attacks are inflicted on small to medium-sized businesses of which around 70% are maliciously attacked or breached each year. An IT Services Company, of which there are many, can provide everything from the peripherals mentioned via Hardware as a Service to software licenses for specialized packages as well as network installation and management, cybersecurity, and data backup and recovery.
Investors
There comes a point in most businesses’ lives when time, money, and resources will eventually run dry, even with the best business ideas. It’s just a fact of modern business that you cannot do it on your own and you will eventually need some outside capital in order to continue and that comes in the form of investors.
There are many amazing investors out there that are all too happy to give money to a young business with great potential and many will provide not only money but their time, experience, and an army of professionals who are trained in launching new businesses with the kind of experience that no amount of money can buy.
Like-Minded Staff
One of the most vital components of the modern day business is a shared goal, idea, and passion. Without these, it is unlikely that a business will succeed and a common ideal is not only essential for the employees but the investors and consumers alike. In 2000, Netflix had a vision for the future, shared by all the core employees and the founders and when they approached Blockbuster with a $50 million partnership buyout deal they were turned down. Where is Blockbuster now?
Reed Hastings and Marc Randolph didn’t go away with their tails between their legs. They persisted and went on to turn a fledgling internet movie rental site into one of the most profitable and recognized companies in the world. Their vision to become the “best global entertainment distribution service” paid off and today the company is worth $125 billion.
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