When starting a business, it is important to know that there are things that you need to take care before opening day. Aside from hiring people to do the work, you need to make sure that everything is accounted for including having a license to operate your business in the area. Obtaining such license can be tedious so be prepared to when getting one.
Know where to get it
For every city and state, the place where to get a license or business permit varies. It also depends
on the type of business that you are trying to establish. If you know where to get your license, then you would know the operation hours as well so you won’t have to wait long when getting one.
Know the requirements
Before even attempting to get your business license or permit, check with people you knew or who applied before if they can provide you the list of the requirements. You can also call the office that gives it so you can prepare it in advance and avoid delays due to missing requirement.
Nothing beats an early bird and it applies on all aspect of life even when getting a business license. If there is a long line of people once you arrive because it is the middle of the day already, then expect your day to be longer.
Most first timers that owns a small time business said that they had trouble and headache before getting their license approved. I guess because they went there unarmed so don’t be like them and be armed with information!
When running a business, your people are the most important investment of your business. No matter how much you depend on technology for your business to run, there is always a need for human being to control things and make it work. It is important then to invest with your employees and here’s how.
Listen to them and their ideas
People’s idea are valuable investment for every group or company. You wouldn’t know when someone might have that single marketing idea that will make your service a hit to your consumer. Do not disregard their ideas no matter how awkward or nonsense they are. Listen to their points and consider it all the time.
Watch out for rare skills and talents
There are employees that are too shy to say they are great when it comes to doing Photoshop or adobe or Cisco programming. No employee will say they are great in writing and they can do a blog for your Company to market your product. Watch out for this skills and take advantage of it by sending them to trainings to hone their skills and be better with it.
Watch out for leaders
By observing your employees, you would know which one is a born leader and which ones are born to follow. Once you figure out which one is which, invest in them by giving them those trainings to that can help them become better leaders for your company.
Investing in people can be risky sometimes because they might end up leaving the company after all the training that you gave them. The good thing is, if they feel that you value their skills and you want them to grow with your company, they might end up staying with you for good supporting you and your company’s success.
When there is a weak sale and increasing expenses, the company needs to start thinking of ways to cut their expenses. Before doing so though, you should consider all options first and make sure you are doing an effective cost cutting and not just decreasing your expenses for the sake of thinking that you are saving.
Start with the management
If you think you got enough or more than enough employees already, then stop hiring. Make use of what you have and give them additional trainings as needed instead of hiring a new one that needs whole training. If there is a task that needs to be done, ask someone who knew how to do it and give them a set time to work on it.
Review your Administrative expenses
If there is a need for a new tool, check if it is cheaper to rent it for the meantime rather than buy a new one. If the need to buy is high, get it from your partner companies where discount is higher. Ask employees to use the equipment as designed and for office related works only. If you can possibly go paperless in the office then do so instead of printing and wasting papers and inks. Utilize the technology you have like emails and chat programs.
Review your current marketing plans
Why are you spending more and earning less? Why sales is too low or why no one is getting your service? Check your marketing strategy at the moment and why it is ineffective. Review your competitors’ and figure out how to match theirs. Reinvent your marketing plan and see for good results. For marketing ads that are not working, eliminate them completely.
Cost cutting can be done without sacrificing your employees’ bonuses or employment. Look and around and start working on how to improve the business without spending much first before starting to cut people out from your business.
There are many things to be in running your own business. One important of the most important things you need to do, you must know how to be a great manager. In order to improve your business and have enthusiastic workforce to be productive you must be a great manager. Here are some tips on how to be a great manager.
Happy to help
Even if you are full of activity, you should still be happy to help your employees. Not only is this for their benefit, it is for your benefit as well; if they do not know how to do something and you do not help, then you may wish you had helped later on.
If you could just take a few minutes every so often to ask your employees how they are, then your relationship with employees will be a lot stronger. Your employees will appreciate the fact that they are actually a person to you and not just a number.
Treat them employees equally
If you give one person a bonus, then everyone needs to receive a bonus, otherwise there will be some problems around the office; unless of course, the person that is receiving the bonus specifically deserves it. You cannot show that you have a favourite employee, even if you do, because the other employees will not like this.
How the business is doing
Let everyone know how the business is doing. Don’t keep everyone in the dark about how the business is doing because employees do want to know. If the business is doing well, then everyone will be proud that they have done something right.
Becoming a great manager will not only be beneficial to the business, it will also be beneficial to your employees. If you are aiming to create a successful business, then becoming a great manager is an essential part of this process.