How To Apply Your Money Saving Sense To Your Business

Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Just as with your personal finances, you must also manage the finances of your business. In both instances, to be successful you must control your money management, costs and try to run as much of a surplus as you can. The following contributed post is therefore entitled, How To Apply Your Money Saving Sense To Your Business.

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You may have mastered the fine art of balancing your personal finances, but when it comes to starting up a business, it’s a whole different ball game. If you’ve launched a start-up it may well be your first time having to manage business finance, and although the opportunities are good, it can also be a tough, global marketplace to compete in. No matter how great your product or service, if you don’t get the money side right, your business doesn’t have a good chance at being successful and expanding. Many a promising venture has ended up on the rocks due to fiscal naivety or mismanagement. Your best bet is to apply the same money-saving sense to your business as you do your personal financial affairs.

Focus On Low Cost Advertising

Don’t make the mistake of thinking that your business can succeed without a marketing strategy. You do need to allocate some budget towards attracting customers to get those profits rolling in, but the good news is that there are plenty of very low cost digital options available. If your brand is a visual one, investing in polished, professional Instagram content is a great way to catch the eye. If your business is more technical, you could chose to focus on public relations work and positioning yourself as a source of industry expertise, through hosting Q&A sessions on Twitter, participating in LinkedIn groups and publishing white papers. There’s also a lot you can do with targeted AdWords campaigns without a huge budget. Search out the low-cost marketing activities that most align with your brand.

Find Great Suppliers

A lot of the costs you will be encountering as a start-up business come from your suppliers, so it’s basic sense to shop around for the best deals. Whether you’re looking for office supplies or something specialist like crane hire on a construction project, don’t be afraid to use your negotiation skills to improve on the first price you’re offered. Find ways to become a preferred customer – ordering in bulk, trading services or recommending to other customers. Depending on your industry and the growth potential of what you do, you may be able to set up exclusive trading relationships with some suppliers including a fixed unit price which will help to cushion your company from the effects of inflationary cost rises.

Head In The Clouds

Small business owners are almost always better off using cloud based systems solutions. Most of these work on a annual user basis and they free you from the need to constantly maintain and upgrade your own systems. They also extend productivity by allowing you to access data and work from anywhere with a Wi-Fi connection, plus they usually have hefty security methods like encryption and secure servers that you may otherwise be paying for separately. Your CRM and word processing systems are better off in the cloud, and some programmes, such as Trello project management software or Canva for graphic design, are even free up to a certain point, or offer special enterprise licences for small business.

What Do New Entrepreneurs Usually Forget About

Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. When starting businesses, there are often aspects that entrepreneurs overlook. Issues pertaining to these details can sometimes emerge later and be can be costly. The following contributed post is therefore entitled, What Do New Entrepreneurs Usually Forget About.

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There is certainly a lot that needs doing when you are in the process of setting up a new company. You will have to consider a lot of different decisions and choices to ensure that you get things up and running as smoothly as possible. However, as there is so much to do in the runup to the launch, there is no wonder that some entrepreneurs end up forgetting a few important tasks and responsibilities. Some of these won’t prevent them setting up the business, but they could make things a lot difficult to get going and it could, later down the line, result in the company being far less productive than what it should be.

So, if you are planning on becoming a business owner in the near future, make sure that you don’t forget any of the following.

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The Legal Side Of Setting Up A Business

Many new business owners get their company up and running without giving the legal side of running a business a second thought. However, it’s important that you think carefully about all the legalities of running your own company, otherwise you might end up in some big trouble. For example, you might end up trading illegally without even realizing it. If you get in touch with someone like Kelly Bagla, Esq. when you have decided to set up your own company, they will be able to take you through some very important steps to ensure that it is all legal and above board. Make sure that you don’t skip this before you start operating!

Asking For Help

Some entrepreneurs can be very proud, which puts them off ever asking anyone else for help. This is a bad move as there is no way you will be able to create a business from scratch without the help of others. For instance, if you have a family that you are trying to juggle alongside your new business, it could be worth asking friends and family if they can take the kids at times when you are super busy at work. You should also have some professional contacts who you can reach out to whenever you need any corporate help.

Attending Networking Events

At the start of a business’s lifespan, it can be difficult to find a spare hour or two to get out of the office. However, it’s important that you prioritize networking events and make time to attend these. These are the perfect places to meet potential new business investors and other professionals who you could add to your corporate network. The more people you meet and get to know, then the more people you can reach out to when you need help and support.

Taking A Break

Remember that it’s important to take plenty of breaks away from the office so that you don’t end up over-stressed. If your stress levels are regularly too high, they could end up making you ill.

Make sure that you don’t forget any of the above, or else your business could suffer as a result!

The Big R Word: Recovery

The first principle of my blog is Creating Ecosystems of Success, and two of its key focuses are Financial Literacy/Money and Business/Entrepreneurship. Most businesses initially fail, which can permanently break the will of my individuals. For those with stronger resolve, how does one recover? The following contributed post is entitled, The Big R Word: Recovery.

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Recovery comes from the Anglo-French 12th-century word, recoverie, which literally means return to health. Originally, recovering is the act of experiencing improvement through a path of health troubles. In other words, you have to get bad first before you can finally get better.
In the business world, while you can metaphorically talk about the health of the company, recovery focuses on the processes in place to deal with dramatic and destructive issues that affect the normal workflow. Where the medical environment offers dedicated cure and treatment to start the recovery process, businesses don’t have any magical pill that can erase costly mishaps. As a result, recovering from a business crisis is a painful process that needs to consider matters of liability, compensation, reconstruction strategy.

Recovery truck

When it’s your fault
One of the most dreaded situations for business owners is to handle faults that have been caused as a result of malpractice, inattention, or even lack of safety on their end. Nobody likes to make mistakes, mainly because the consequences can be heavy. A car accident caused by a faulty engine, for instance, can affect the brand, the revenues, and market penetration. It’s important to approach the situation as quickly as possible to provide the best response. Additionally, you want to find partners to help you avoid further issues; such as a fleet management company that can service your trucks, or an IT security agency that keep your data secure. Acknowledging the fault is the first step towards your recovery, then you need to introduce preventive measures.

When it’s somebody else’s fault
With cyber crimes on the rise, and especially hacking and other unauthorized data access, it would be unfair to constantly put the blame on the company for a data breach situation. Despite extensive preventive measures, businesses can still be targeted by experienced hackers. As a result, it’s important to understand that your customers are more likely to be understanding if the company has a strict IT security policy. Nevertheless, the recovery process is going to affect your brand image. You need to tackle data loss and network breaches as quickly and effectively as possible. Furthermore, running regular security audits – even with a security solution in place – can avoid expensive issues.

When it’s nobody’s fault
Business owners can only control so much. A disaster that takes the company by surprise requires a dedicated disaster recovery protocol. Indeed, market analysis and reports can highlight the most common crisis situation in your industry sector and your area, from business fires to flooding. Using the information, you can take preventive measures to protect your company, such as dedicated insurance cover for instance. Your DRP can kick into action as soon as the business starts the recovery process, ensuring that you have access to the expertise and funding you need.

At the core of the recovery process, your company needs to focus on maintaining a transparent and open line of communication with members of the staff and customers. Indeed, the crisis is likely to affect both employees and buyers; consequently, it’s crucial to keep them informed as you bring your business back to health.

Could You Face Hosting A Big Business Event?

Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. If you’re a business owner, at some point, you might want to host a ‘business event’. If you do it right, it could result in growth for your operations. The following contributed post is thus entitled, Could You Face Hosting A Big Business Event?

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Hosting a business event is taking your business to another level. It’s dipping your toes into the big side of the business world, but there’s really no reason why you shouldn’t be doing it. Hosting a business event gets you the exposure you need within the business world, and your niche that you might be struggling to dominate at the minute. But that’s not to say that it isn’t super hard to do, and that you’re not going to have your troubles along the way that might stop you from being able to host something like this. But if you do pull it off, you will have a wealth of custom coming your way, and a status in the business world that you didn’t have before. But there are a few things that you need to iron out first, which luckily we’re on hand to help you out with. Here’s how you can face hosting a business event, and the things you should be looking out for!

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The Fundamentals

There are some fundamentals that you really need to get right if you’re going to pull something like this off, and one of them is the location. A prime location would be in a business orientated city at a place known for hosting business events. The location alone can attract certain people that you need there. You then need to think about the vibe of the event. If you want it to be successful, you’re going to have to throw a business event that’s modern and innovative. You should have interactive stations all around, as well of course as the option for other businesses to have their own stand. Tickets and businesses wanting stands are the main ways that you’re going to make your money back from this. You also need to try and secure sponsors. Sponsors equal publicity and funding, so definitely something that you want on your list.

Little Things You Don’t Want To Forget

There are some finer details of a business event that we feel some hosts miss, yet could make all the difference to the view of the event. Things like having an ATM machine ready for the people attending to use, so that they don’t have to walk out of the event to find a cash point. You’ll often find ATM rentals for the day are not too expensive either! Good food sources and drinks is also essential. There’s nothing worse than a room full of people who are thirsty and hungry. Guest speaks are also essential. You need to have something informative and not based on selling, because there will be smaller companies attending the trade show who are just looking to gather as much information as possible.

Things You Need To Be Looking Out For

The main thing we think you need to be looking out for, is financial troubles. People put on business and trade events in the hope that they’re going to boost their finances in the end, and end up getting into debt to try and put on an event. You should always make sure you’re going to make a profit out of this, not a loss!

The Benefits Of Adding Manufacturing Elements to Your Business

Three of the key focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and Technology. When you start your business, you may not be ready early on to start a manufacturing component. Once it gets further along, the time may come to do it. It’s important to understand the manufacturing element. The following contributed post is therefore entitled, The Benefits Of Adding Manufacturing Elements to Your Business.

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Manufacturing is one element of your business that at first you may prefer to outsource. When you start out, you look to simplify processes, and manufacturing your own products may have just been a step too far. Not just with the initial set up costs, but the outlay of the production line etc. However, once your business becomes established, there could come a time when you could consider the added benefits of manufacturing in your business. Here are some of the things to think about.

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You have complete control

One of the major benefits of adding a manufacturing element to your business is that you have complete control. Not only in the process of actually making the products, but it is also a chance to have control when it comes to the quality aspect. You have to think about the fact that when this is outsourced, you have no control over what is produced and how it is produced. But doing it yourself means you can learn how to ensure that the processes are followed correctly.

Invest in technology

You may not realise what you have available to you when it comes to outsourcing the manufacturing side of things, so you might want to think about the fact that you can invest in different technology. Things such as RNA Automation and other advancements in different technology could help you increase the speed of the manufacturing process, or even increase the level in terms of logistics.

The chance to change things

If you are in control of the manufacturing side of things, you can then control the chance to make changes as and when you want to do. If you do decide to leave your manufacturing outside of your control, then changing things can take much longer to implement. Whereas if you do have the control, then you can make the changes as and when you want to. Sometimes as a business, you may want to make tweaks and changes, or even offer custom designs if your business can do that. So this ends up being a great asset to your business.

Reduction of costs in the long term

It may take some investment when it comes to costs. But in actual fact you may be able to reduce the costs overall in the future. Not just in terms of taking the control, but also the reduction of things such as logistics. You save on the transportation costs, from the dispatch between the factory and you for delivery, so making that saving could work in your favour in the future.

As a marketing tool

Finally, a big benefit to you as a business would be as a marketing tool. You can ensure that people realise that not only is the product good, and that the dispatch might be quick or timely,but it is also produced by you, in the country that you reside in. This can be a big marketing and advertising benefit as people tend to want to purchase things that are authentic to you as a brand. You can use this detail in your social media promotion, as well as in other advertising methods.

Let’s hope this has encouraged you to consider some of the benefits manufacturing could add to your business venture.

Protecting Your Employees

The first principle of my blog is Create Ecosystems of Success, and two of its key focuses are Financial Literacy/Money and Business/Entrepreneurship. When running any organization or business, it’s critical to protect your employees. Doing so will not only help assure their loyalty, but it will also help improve their productivity. The following contributed post is thus entitled, Protecting Your Employees.

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As an employer, whether of one person or a thousand, you have responsibilities. You are responsible for creating safe and trustworthy products. For taking care of your customers and providing a service. You’re often responsible for dealing with complaints, for coming up with new ideas and motivating your staff, on top of your everyday jobs and tasks. One of your key responsibilities is to your team. Looking after them, keeping them safe, ensuring that they are happy at work, and fairly treated.

Many employers neglect this particular responsibility. They are too worried about the growth of their company. They invest time in products and services and assume that their team will look after themselves, especially if there aren’t many of them. This is a mistake. Protecting your staff and looking after their interests isn’t just good for them; it can also help to boost your business. Well cared for staff are often loyal. They are hard working and creative. If you give your team your time, they’ll be more likely to go the extra mile and give their all. It can be great for business while reducing turnover and cutting recruitment and training costs.

How you protect your staff will, of course, depend on the nature of your business and their specific roles and needs. But, here are some more general tips to help you.

Take Care of Your Equipment

If your business is office based and doesn’t use any special equipment for machinery, this isn’t something that you need to worry about. But, if it does, these items can cause injury or even illness. The risks are increased if the equipment is damaged, dirty or otherwise unable to work at its best. Take the time to have any equipment or machinery regularly serviced and get any issues dealt with as quickly as possible. If you use hot ovens or kilns in your business, invest in a high temperature camera so that you can complete safety checks yourself. Sometimes this can mean not using something until it’s fixed, but it’s worth it if everyone is safe.

Risk Assessments

Image Source – https://pixabay.com/photos/posted-warning-wet-floor-caution-652115/

Even if you are office based, risk assessments are an essential part of keeping everyone safe and protected. Even an office with a few chairs, computers and shelves has risks. You just need to find them. Print off some risk assessment sheets and walk around your workplace, as well as any secondary work sites or vehicles, and identify risks. Even smaller ones like heavy lifting, trips and slips and reaching high shelves. Assess the risk and think of ways to minimise it. For smaller risks, it might merely be a case of using wet floor signs when cleaning and teaching team members how to lift correctly. Make sure you complete separate assessments for pregnant or injured employees who might face greater risks or need changes to their job.

Train Them

Staff training is the best way to keep your team safe. They should be thoroughly trained to do their jobs well, with detailed instruction on anything that could cause them harm. Many businesses make the mistake of training staff once and then leaving it. Offer regular refresher training, and extra team sessions when something changes.

Productivity Fails That Are Eating Your Business’s Profits

Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. When you start a business, it’s important to manage productivity as best you can so you can maximize profits. In order to do so, it’s important to think about where your productivity can be diminished. The following contributed post is thus entitled, Productivity Fails That Are Eating Your Business’s Profits.

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In the business world, time is money, and that means if your business is not spending your time in the right way, it ultimately impacts your overheads and so your profits. To that end, it is absolutely crucial that you avoid as many productivity fails as you possibly can. A topic you can read more about on the post below.

Emails

Emails are an excellent form of communication, in some cases. One of these cases is not between the employees that work in the same office or building. In fact, emails after a lousy way for people like that to communicate because they often cause more confusion and take up additional time in clarification that walking three desks over and actually asking the person would.

To that end, be sure to implement a no or minimum internal emails policy in your business. You may just be pleasantly surprised at the positive impact this can have on productivity.

IT fails

Few successful businesses work without IT these days, and in most cases, digital tech is integrated into every stage of a company’s process. This is fantastic for the most part because it speeds things up, allows users access to more information, and automates tasks, so they don’t have to be done by humans. Something that can actually improve productivity because it frees up staff to focus on critical responsibilities.

However, it also means that your entire business is dependent on your IT network being up and running effectively. Something that means when it does go down you can expect massive problems with productivity company-wide.

Happily, there is a way that you can prevent this from even becoming an issue, and it’s by ensuring that you proactively monitor your network.

In fact, network monitoring can pick up any issues before they become major ones and slow down your employee’s work. Something that can save you from having to deal with countless hours of downtime and increase your business productivity, and so your profits no end.

Workaholic culture

Believe it or not, working too hard and encouraging your employees to do the same is incredibly bad for productivity. This is because humans are only capable of focusing on a certain task for a short amount of time, and if you regularly encourage people to go beyond this, they will work slower and less productively.

To that end, encouraging regular breaks not only throughout the day but with vacations days as well is absolutely necessary.

Poor training and onboarding

When people don’t feel secure in their roles, they are unlikely to work most productively. What that means is that skimping on staff training and onboarding programs may seem financially viable in the short term, but over time you could actually be hurting your business’s profits.

In fact, staff training in both hard and soft skills doesn’t just affect productivity, but also customer service too. Something that makes it an essential aspect of running a business to get right, if you want to turn a decent profit.

How a Poor Name Can Lower the Value of your Brand

Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. When starting a business, one of the most important components is building and maintaining your ‘brand’. A key component of your brand is your name. Choosing the right name can be the difference between life and death in the business context. The following guest post comes courtesy of Squadhelp.com and is entitled, How a Poor Name Can Lower the Value of your Brand.

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When you are brainstorming a name for your brand-new startup, you might notice that certain people you run into will tell you not to worry about the name you select for your business. They will say to you that a startup name lacks any tangible value because they believe that names are just frills. They will tell you it is not worth investing your time and resources into, but they would be wrong. In actuality, research shows that easy, memorable names outperform non-captivating and lackluster names on the stock market by 33% or more.

A Poor Name Won’t Set a Solid Brand Foundation

In today’s fast-paced market, first impressions matter more than ever before. Generally, your brand name will be the first thing that a possible client or customer will learn about your brand. You brand encompasses many aspects of your business including your logo, beliefs, values and name.

The name is basically the foundation and the identity of your new company. If the name is too weak, it will not be able to support the weight of your brand and will hold your business back from growth. You ideally want to choose a name that sets the stage for your success.

Fail to Capture Audiences

Your target audience is very likely overwhelmed by the vast number of options available in today’s modern market. It’s very likely that your business offers special services or products, but without a great name that captures the attention of your audience, you might lose customers. If your name does not get their attention right away, they will move on to the next business without checking out the options your startup offers.

A name should create a strong connection between your business and your target market. Ideally, it should give them something to hold on to and remember about your brand.

Drive Audiences Away

Although making your brand name attractive is very important, you need double check that it does not drive any potential customers or clients away. Difficult, boring, or offensive names risk alienating a large segment of your customer base. Make sure that you don’t select a company name that is cringey or awkward, as something like that will likely drive customers away and send people the wrong message.

A great example of this would be a salon with the name Curl Up & Dye. Although this name is clearly descriptive and witty, but it could accidentally send the wrong message to any potential customers about the quality of services that the salon offers. The name heavily relies on the audience’s sense of humor, but you risk losing potential clients that do not find the funny brand amusing.

Audience testing is a quick and simple way to make sure that your startup name will do well with your chosen target audience.

A Forgettable Name = A Forgettable Brand

Even if a customer really wants to remember your brand name, if it is boring or too perplexing to pronounce and spell, they will likely not remember it. When your target demographic cannot remember your name even when they want to, it is a bad sign for your business.

A memorable name will ensure that your brand is something that your customers will never forget. Double check that your brand name does not fall by the wayside by brainstorming a catchy, memorable name that will capture your target audience’s attention. Peruse some of these winning company name suggestions to give yourself a better idea of what type of names catch your attention the most.

Lose Referrals

In the end, your brand name needs to be appealing and memorable enough that it establishes your brand and sets you up for success in the future. If you cannot create a solid foundation for your company with a great name, you will not only lose out on any potential clients but also the potential referrals you would have gotten from those clients.

Conclusion

Each and every tiny aspect of your brand adds up in the end, and if your name can help you get some extra of press coverage or a couple more chains of referrals from customers, it makes all the difference. A brand name really has the power to impact your business success.

When you are coming up with a business name, make sure you remember that a brand name is way more than just a word. It establishes the foundation for your business, and it can be a very useful tool making your business successful.

Grant Polachek is the Director of Marketing at Inc 500 company Squadhelp.com, the worlds #1 naming platform, with nearly 20,000 customers from the smallest startups across the globe to the largest corporations including Nestle, Philips, Hilton, Pepsi, and AutoNation. Get inspired by exploring these creative business names.

The Power Of The Personal Touch

Two of my blog’s key focuses are Financial Literacy/Money and Business/Entrepreneurship. Depending upon the type of business you’re running, a key to its success is its personal touch. The more customers connect with your business, the more they’ll support your operations and return. The following contributed post is therefore entitled, The Power Of The Personal Touch.

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It should come as no surprise that the personal touch matters in business. Providing a reliable point of contact for each customer can streamline the selling process. The employee in question can then get a feel for what your customers want, and sell as much as possible. On top of which, customers will come to feel at ease with that one person. As a result, they may trust your company more than they would otherwise. For proof of how important this personal aspect of business is, consider social media. Here, companies focus on building strong voices and personal connections for just this reason.

What you might not realize is that getting personal with products can also make a difference. In the same way, this personal touch can improve customer relations. Whether you make items to order or personalize as you go, it can also benefit your business in the following ways.

A chance to give customers what they want

Any company would like to cut customer complaints wherever possible. Disgruntled customers are never pleasant to deal with. Dissatisfaction can also stop people from coming back, and damage your reputation in the bigger picture. If you choose to make items to order, though, you could cut back on complaints in a significant way. That’s because each item will be tailor-made with a customer specifications in mind. That removes any real margin for error and makes sure customers can’t pin anything they aren’t 100% happy with on you. They told you what they wanted, after all. Before you know, operating in this order-by-order way can see satisfaction levels skyrocketing. Your reputation might just rise along with them. It may be more work on the outset, but you can bet it would be worth your while.

A way to add sentimental value

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Sentimental value is an invaluable product addition. In many ways, all business owners would love to achieve this with their ideas. The things already have enough sentimental value for you, after all. And, if you can accomplish the same for customers, they’re more liable to remember your company and tell others about it. So, how do you add sentimentality with products? Through things like engraving, of course. By investing in laser cutting equipment, you can include unforgettable personal messages. All you would need to do is read up on something like this boss laser cutter review to make sure you’re investing in machinery you can trust. Then, you could offer this service to anyone who comes through your doors, and enjoy the rewards.

An increased chance of loyalty

Any business owner knows that customer loyalty is one of the best ways to make money which keeps on coming. And, loyalty is exactly what you’ll get with personal products like these. At least, you will if you do things well. Before you know, meeting with every customer need can see people coming back to you time and again. And, when that happens, you can really start to consider your company a success.

Finding Your Team

Two of the key focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. One of the key aspects of building your business is building your team. You have to find the right people to put the team possible together. The following contributed post is thus entitled, Finding Your Team.

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Your business has become, let’s face, it something like your baby. You are extremely protective of its growth and well being and are determined to see it succeed. And it’s this protective attitude that makes it so hard for some entrepreneurs to let go and relinquish some control. This plays out, more often than not, when it comes to hiring extra members of your team particularly those first hires.

In this blog, we take look at how to go about hiring for the first time and why you should let go, just a little bit for even greater business success.

Plan For Success

Whether you manufacture physical goods such as safety railing systems or sell your creative skills and talents as a service, you will have planned for growth and been prepared to expand as your business goes from strength to strength. The hard part is admitting that you now need help but you know that if you want your business to carry on its present trajectory, you’re going to need to hire someone in.

The first thing you’re going to need to do is set aside some time to figure out exactly what role you’re going to want your new hire to play. Think as specific as possible. Avoid vague headings, such as ‘admin duties’ and instead pinpoint exactly what will be required. The more specific you are, the more likely you are to find someone with exactly the skills and experience you are looking for.

Alongside your job description, you’ll also need to create a person specification document. This moves away from just the role the person will take and centres more on the skills and personal qualities a candidate should bring. You’ll be focussing in on both their hard and soft skills.

The Interview

If you have limited experience in interviewing people, then this part of the process can be almost as daunting for you as it is for the interviewee. Stay calm, professional and friendly. You want to see that your candidate can perform well under the pressure of an interview but that doesn’t require a good cop/bad cop routine.

Keep an open mind, the role of an admin officer might be easily filled but when someone brings some soft skills outside the remit such as a proven record in negotiation techniques, you might want to use this to your business advantage further down the line. Candidates who perform well on paper may not do so in person and vice versa.

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Trust Your Gut

If you interview someone who seems like the perfect person but you just don’t seem able to connect with them, that feeling is perfectly valid and should not be ignored. If your business is small and you’re going to be spending quite a lot of time together then finding a candidate you click with is vital for operational success.

The same can be said for a candidate who may have only ticked the basics when it came to the job description but shows a strong ability to adapt and learn and who you can see fitting into the ethos of your business.

Build In Some Wriggle Room

Whoever you hire you want to be sure that they are fully on board with your vision for the company and share your overall goals and short-term objectives to reach that end point. With that in mind, it’s perfectly valid to build in a six month, or less, probation period agreed to by both parties. At the end of this period, either party can step away from the role for whatever reason with no recriminations.

If that does happen, then taking some time to learn what went wrong and why is a crucial part of the learning process and will help you to avoid making the same mistakes again.

When you’ve made the right hire once, the subsequent times will become easier and easier as you figure out how to make the recruitment process work for you and become more discerning at narrowing down the right candidates.

The benefits of building a strong team are tangible. Having people on your side who share your determination and drive will give you a real boost in productivity and should help to take some of the load off of your own shoulders. Being the boss might not be natural at first but when you’re all pulling in the right direction, you’ll be glad you made the decision to let go a little of the responsibility and allowed others to help take the strain.