Making your Business More Manageable in 5 Steps
As anyone who has ever started a business from scratch understands, it can be all consuming as you push to get it up and running. Whilst this is almost completely unavoidable at the outset when cash flow is low from investment, the workload can be easily reduced once you have started the ball rolling. This concise article will provide you with tips on making your business more manageable in 5 simple steps.
Dealing with accounts each year often leads to several weeks without time to pause and think. The best way to cope with this is to organise your finances efficiently from the start of the year and submit them to your accountant on a monthly basis. This way the accountants will always be on top of your taxes and if there is a problem as he goes through them, they will be able to ask you for information whilst it is still plausible that you remember where that petrol receipt may be. Hiring an accountant will ease the pressure on your role dramatically.
2. Administrative staff
Once you have a business up and running it is worth investing in a member of administrative staff. This does not have to be a full-time position and could be held by a university business student. This would provide you some level of knowledge and skill, ensuring that they could handle the job. Allowing someone to take stock orders and invoicing out of your hands will allow you the time to really consider your business strategically and realise how you can improve it.
Outsourcing is one of the easiest ways to reduce the load on your business. If you are carrying out any elements within your business that you are not completely comfortable with then it is probably wise to outsource. When outsourcing, you can effectively seek trained professionals to do a job which would otherwise have been carried out by an untrained member of staff within the company. For example, outsourced IT support is of great benefit to companies because staff generally do not have the expertise to maintain systems correctly. In any situation where you do not have specialised business IT support and something goes wrong, members of staff will have to stop working and try to fix something without understanding how.
4. Duty managers
In any business which you hope to expand it is worth employing people with a view to potentially making them a manager. Taking a full or part-time member of staff and training them into a potential store manager will give you the ability to ensure they run things exactly how you wish them to be run. This staff member will be more committed because you have given them an opportunity to progress and the process will also enable you to ease your workload. At times, when training staff to be managers, it is important to leave them in charge of the store. At first remain within a close distance of the store but give yourself a break and do some work in a café so you are out of sight and out of mind.
5. Internal promotion
Promoting your company can be hard and tedious work but this need not always be the case. By branding intelligently and by making it clear who you are and what you do, you will be able to attract business easily. Promote through your work by using branded bags and receipts. Every letter you send should be on company headed paper and every email should be signed with the company logo and name. This way you will be able to spread the word through automatic systems which you do not even need to think about.
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