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Why My Startup Nearly Failed in Its First Year, And How I Turned It Around

How one decision helped me save my business and my sanity.

By Thomas EdwardPublished 6 months ago 3 min read

When I started my tech startup, I thought the hardest part would be getting customers. I imagined endless pitching to investors, long nights writing code, and maybe a few sleepless weeks before launch. I thought if I could just get the product right, everything else would fall into place.

I couldn’t have been more wrong.

The product was good. The customers came. But the business behind the business, the part no one warns you about, nearly destroyed everything I had built.

I was handling it all. Hiring. Payroll. Invoicing. Marketing. Product development. Customer service. My calendar was a jigsaw puzzle of meetings, deadlines, and urgent emails. Every time I thought I had a handle on things, something else would blow up.

The moment it all came to a head was the day I realised I’d accidentally underpaid one of my employees for three months in a row. It wasn’t intentional, I had simply miscalculated deductions while trying to manage payroll on my own. She was kind about it, but I knew it had shaken her trust in me.

That night, I sat in my small office, staring at the whiteboard full of product roadmaps, and felt utterly defeated. I wasn’t just a founder anymore, I was also an amateur accountant, HR manager, and legal advisor. And I was failing in all of those roles.

The next day, over coffee with a mentor, I admitted I was drowning. He nodded knowingly and told me something that stuck: “If you try to do everything, you’ll eventually do nothing well.”

He recommended a financial services firm that specialised in Payroll Services in Birmingham, and although I hesitated at the cost, I agreed to a consultation. Within 30 minutes, I could see the value. They understood the complexity of startup payroll, from tax compliance to pension contributions, and they could handle it all without me lifting a finger.

Handing over that responsibility felt strange at first. I had spent so long clinging to every task, convinced no one could care as much as I did. But once I let go, the change was immediate.

My team was paid accurately and on time. I stopped worrying about missing a deadline with HMRC. I had weekly reports that showed me exactly where we stood financially. Suddenly, I could make decisions based on clear numbers instead of gut feelings.

And perhaps most importantly, I had time again, time to focus on the vision I had for the company in the first place. I could spend my days improving the product, building relationships with customers, and brainstorming our next big launch. The difference in my stress levels was almost unreal.

Looking back, I realise I had fallen into a common trap. Many founders believe that being involved in every part of the business is a sign of commitment. But in reality, it’s often a sign of fear, fear of losing control, fear of trusting someone else, fear of spending money before you think you’re ready.

The truth? You can’t grow without help. And the right help pays for itself.

If you’re running a business right now and feel like you’re just barely keeping it together, take it from me: you need to delegate before the cracks start to show. Whether it’s payroll, marketing, or customer support, find someone who knows what they’re doing and let them do it.

Your business will be stronger for it. Your team will thank you for it. And you’ll finally remember why you started this journey in the first place.

Because building something from the ground up is hard enough, you shouldn’t have to do it alone.

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