Nurturing Your Business Growth

Growing business’ can sometimes need assistance, the reasons for this may vary greatly, however the fact remains that for small business expansion can be difficult. With obstacles such as managing your workload, moving offices, outsourcing and employment – sometimes small business owners may find it difficult to come to crucial decisions and may need to explore the pros and cons fully to understand the choices they are making.

Managing your workload:

This can be a key aspect of moving forward as a business; whether small or big each and every business can move forward by defining their own goals and how to achieve them. This could be done in a selection of methods, and over different ranges of time. Annual goals may be the larger tasks, broader ideas of the direction you want your business to move in. This can be hard to see on a day-to-day basis though, meaning monthly, weekly and even daily goals can help your business thrive. Monthly goals allow you to break the year down in to sections, at the beginning of each month targets can be set and assessed, to assure your progression to your annual tasks. Consequently the more goals you can achieve in your specific days, week and months – the more your business can progress.

Good timing:

Good timing is worth a mention when giving advice to growing business’ because there are a number of things that simply can not be rushed when a business is growing. Due to the economical climate, it is important that small business’ are nurtured into development and not forced into unnecessary movements that could potentially hinder your business. For example moving offices, if you are assessing your options for the relocation of your offices do not rush into the first available one you find. If you do you might find that it’s not the best option for your business once you arrive and can end up tied down to the contract you signed whilst moving into the office. Thus hindering growth to your business due to the fact your workplace isn’t ideal for you. It can be far more beneficial to shop around and explore the options you have before moving, this is why timing your relocation can be important, we recommend waiting until you find and ideal location rather than pursuing it instantly.

Outsourcing and employment:

Sometimes the workload can seem to increase dramatically; the issue with this can be do you permanently employ someone to assist your work force without knowing if the increase in work is temporary? Or do you outsource someone for their skills elsewhere. When outsourcing, you are employing someone from outside your business to do a job for you. This means they are usually specialised in the field required, and can temporarily take responsibilities for the job you require them to do, companies like Smart PA offer pa services, office support services and pa support  who can help you remotely which means you don’t need to make the space for them in the office. However, when employing someone it is usually more long term. Pros and cons are evident for both, if the high workload continues and you employ someone it bodes well for the future and not just the present, if you do look to employ its best do so cost and time efficiently as it can take a long time to recruit and come agencies charge a ridiculous fee. This is why choosing a flat fee recruiter like Hiring People, who offer low cost recruitment with a fixed fee and they will post the job on 100 job boards  Weaknesses of outsourcing can be that if you are working to provide a customer with a particular service, the customer focus may be lost when delegating work to your outsourcing partner.