Signs That Your Company Is Growing Faster Than You Can Manage It

Who wouldn’t love to grow their business? It usually means more attention, more profits and more ideas, but there will always come a point where you’ll realize that your business is actually growing faster than you can manage it. If you want to detect the early warning signs that your business is growing out of control so you can manage it better, then here are a couple of things to look out for.

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  1. Your infrastructure is starting to cost too much

If your basic business infrastructure, such as paying for cloud services and salaries, is costing you far too much of your budget, then there’s a good chance that you’ve started to outgrow what you can manage and you might need to start shuffling your money and removing expensive services like freelancers and outsourced work.

  1. You’re running out of space to grow

Physical space is another concern. You can easily run out of office space if you’re not careful and you’ll want to ensure that you always have extra space for new employees to work and storage space for your products.

  1. You’re hiring people far too often

If you find yourself hiring people for every little task, then there’s a good chance that you’re going to run out of money extremely quickly. You’ll need to start training employees instead of just hiring someone for every problem you encounter.

  1. You’re investing in things you know nothing about

Whether it’s a laser drill, networked devices or a powder coating booth as part of your manufacturing line, if your employees are asking you to invest in things you know nothing about then there’s a good chance you’re starting to grow beyond your knowledge. Regardless of if you’re planning on upgrading computers or adding a laser drilling service as part of your workflow, it’s a good idea to learn more info about it so that you better understand how it plays a part in your business. If you lack this knowledge, then consider speaking to your employees and having them explain it to you without technical jargon.

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  1. Your team is starting to grow further apart

Have you ever noticed that your team are starting to disagree on more things and work less together? If so, it’s a clear sign that your business is growing large enough to need separate departments that will rarely ever speak to each other. 

  1. You and your staff are lacking in direction

If you’re lacking a sense of direction and you’re unsure how to approach your business growth or adapt to new market conditions, then you need to be wary because you could start making poor decisions that affect your success in the future.

  1. Your employees aren’t growing anymore

Once your employees hit a wall, it can be difficult to overcome it and teach them new skills. This is a problem that can be overcome with professional training, or you might need to bite the bullet and hire more agile and flexible employees to replace them.

  1. You’re failing to communicate with your customers

Lastly, if you’re failing to communicate with your customers in a meaningful way then it’s possible you’re starting to grow too large for what you can handle.

4 Easy Ways To Show Your Workforce That They Are Valued

The days of finding a job when you leave college to then remain with the same company for the next forty years or more have long gone. Graduates are now keen to broaden their horizons by experiencing different working environments and joining different companies on a mixture of short and long-term contracts. Securing the loyalty and services of an exceptional employee can be tricky, especially if you work in a fast-paced and dynamic industry such as advertising or PR. However, there are some strategies that you could implement to ensure that you not only attract the best candidates but that you can retain their services.

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Pay More

It’s a pretty obvious concept but to show your staff team that they are truly valued, you need to ensure that the remuneration package that you offer exceeds that of your rivals and the market rate. By stretching their salaries just that little bit further and providing an exceptional benefits package, you will gain a reputation for rewarding staff. This is one of the easiest ways of attracting the best potential employees.

It’s not just the basic salary that can create the most productive team. You could provide healthcare insurance, contribute generously to a pension and even cover legal fees should your employee need them. Head to https://www.hupy.com/offices/des-moines–iowa-auto-accident-attorney.cfm or any other local attorney to see the sorts of services they could provide for your staff, such as help with personal injury claims, automotive accidents and negligence.

Get To Know Your Staff

It’s vital that you know your staff especially if you only have a small team. They need to know your face, see you around the office and know a little bit about you. When your team are going on away days, make sure that you attend with them, take part in the team-building exercises and take the time to learn your employees’ names. By inquiring every so often as to how little Jimmy is getting on at school, you are showing your staff that you care. The tiniest action can boost the morale of your workforce and keep them settled with your company.

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Be Open With Your Employees

There’s nothing worse than working for a company that remains secretive. This doesn’t mean that you should share every single detail of your business plan with your staff, but you could send a weekly email to celebrate the company successes with your staff team. Tell them how different projects are going, inform them of upcoming events, and single out those employees who have gone above and beyond to exceed a target. By being open and giving your employees recognition for their achievements, you will be actively showing them that you care and that you value their contribution to your company’s performance.

Allow Freedom Within Their Roles

Being stuck behind a desk for eight hours a day is a working model of the past. No longer do we have single booths to lock ourselves within and beaver away on a desktop computer sending out emails, answering calls and writing documents without so much as looking up over our cubicle. Office environments need to be more fluid, free and more conducive to a comfortable way of working as displayed at https://www.forbes.com/sites/jacquelynsmith/2013/03/08/. You should be making opportunities for those water cooler moments when your staff might be having a chat over a coffee and come up with the finest marketing idea that will see your company’s online exposure go stratospheric.

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By having a more open, transparent and flexible workplace, you can show your workforce that they are valued. As described at https://trainingindustry.com/articles/workforce-development/, a valued workforce is a more productive and happy workforce. Set the core expectations and allow your team the freedom to decide how they meet them. They may wish to work from home a couple of days a week or take a break every so often in the company games room. Empower them to fulfill your business vision.

Being the sort of boss that helps their employees look forward to work every morning and enjoy their jobs means that you have the greatest chance of keeping the most talented and hardest working staff members. To be that boss you need to give praise where it is due, keep your team updated, celebrate successes and allow your employees a level of autonomy that shows a deeper level of trust. Only then will you have shown your staff team that they are truly valued.

3 Keys to a More Productive Workplace

How productive of a workplace would you say you have? For many running companies, productivity can be difficult to measure.

Sure, they can rely on the monthly sales numbers to see if things are going in the right direction or not. But can they know if their offices are running the best they can?

One of the keys to a productive workplace is making sure one has the right employees along for the ride.

Although there are no guarantees when you hire, you should at least have an inkling how they’re going to work out.

With that being the case, could your workplace be more productive?

Knowing How to Run an Efficient Office

In doing all you can to have the most productive workplace possible, remember these keys:

  1. Hiring – Take the time to get to know someone during the interview process. Yes, you may be interviewing countless people for a single position. That said you or those doing interviews should spend time listening to candidates. Are they excited about the prospect of working for you? Do they seem from a personality standpoint like a good fit for your office? Is their resume one that stands out from others? By putting time and effort into interviews, you lessen chances of hiring those who will bail.
  2. Human resources – Whether you run a sizable company or a smaller one, don’t neglect human resources. Your human resources efforts are one of the cornerstones of your company. If you have not had much experience when it comes to human resources, it would is wise to turn to HR consultants. Such consultants can give you experience you need to handle about anything possible. From how an employee may sue to making sure you meet all workers compensation rules, don’t fall short. When you have your human resources needs covered, things seem to fall into place better.
  3. Rewards – Last, rewarding your employees can go a long way in making for a successful and happy office. For example, be sure to highlight when an employee goes above and beyond what you need of them. It could be exceptional customer service. It may be putting in long hours on an important project. It can also be something as simple as referring new business your way. Though you pay employees competitive wages and benefits, it never hurts to go that extra mile.

Productive Workplaces Tend to Attract Others

When you run a company that is productive and fun to work at, you’re keep attracting a new crop of applicants.

Although salary is often the main factor when one chooses a job, he or she also wants a good working environment. That is not harsh or unpleasant to go to on a daily basis.

As an example, do you run a tight ship or a little bit more laid back type of office? If it is the latter, there’s a good chance many people want to come and work for you. It is human nature to want to feel appreciated and respected while still working hard.

Last, review your workplace on a regular basis to see how it matches up to competitors. More times than not, there will be things you can improve upon once you’ve completed your assessment.

So, is your workplace as productive as it can be?

If the answer is no, then take some time to get things headed in the right direction.

About the Author: Dave Thomas writes about business topics on the web.

 

 

 

 

Keep Your Employees Happy, Healthy, and Productive with Free Food

What do your employees want, more than anything? Perks, of course. But what kind of perks can lure new employees into your company, and work hard to keep those already employed from looking elsewhere? There’s a range of things you can offer, from flex time to expense accounts to on-site workout facilities. And of course there’s food.

Food appeals to all sorts of employees, of course, and nearly two-thirds of those that get free food at work describe themselves as happy. Food in particular appeals to Millennials—but not if they’re seen as a way to keep employees chained to their desks, working through lunch and breaks.

Food offered as a benefit doesn’t have to be free meals every day. It can take a lot of different forms. It might be a weekly catered lunch. It might be a shared cooking class designed to encourage team building. What does food as a perk mean? This graphic can help.

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Image credit – https://zerocater.com 

 

Strengthening the Backbone of Your Business, One Employee at a Time

Without our employees, our businesses are pretty useless. After all, who’s going to help us find clients, who’s going to manage our accounts and who’s going to do all of our advertising? Businesses should be pictured as gigantic machines with each cog being manned by a living and breathing person. If one of those cogs fails, then the machine could probably still work, but it’s not going to be as efficient as if everyone is working in harmony.

This is why we refer to your employees as the backbone of your business. Without their support, every other asset in your business will collapse and fail. Think of your employees as the glue that holds your business together and makes it successful. backbone

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Strengthen your team the correct way

 Now that you understand the importance of a solid core group of staff, here’s how you can strengthen them.

Firstly, focus on your employees and how to improve their morale. Are they suffering because their chairs are uncomfortable? Do you think they need vision insurance because they’re staring at the computer for too long and you’re worried about their eyesight? Is their equipment outdated, causing them to be less productive?

These are all issues that you should keep in mind, but it’s actually fairly difficult to tell if it’s the case unless your employees are giving you regular feedback. As such, it’s important to keep channels of communication open so that you can receive comments on how you’re doing, how your employees are doing, and how your business is running in general. Without this employee feedback loop, you’ll be left in the dark when it comes to strengthening the backbone of your business and it will become difficult to manage your employees.

A little happiness goes a long way, and the happier your employees are the more likely they’re going to stay with your business. They are, after all, the backbone of your company, so if they’re happy, then your business is going to be in good shape and they’ll go the extra mile to ensure that your company is running optimally.

Teaching your employees new skills

 One of the best ways to improve the productivity of each employee is to give them specialised training in their fields or teach them new skills that could complement their current skillset. For instance, if you’re working in a software development field, then your quality assurance testers could also make fantastic debuggers. Your social media management team could do with a course in interacting with media, and even your telephone operators could become fantastic community managers in the future.

It’s important to recognise when an employee is being held back by their current role. This is so you can create an effective means of promoting them. By teaching them new skills, they will become more productive, they’ll strengthen the core of your team and they will ultimately play a key role in your business’s growth and success.

5 Tips for Improving Workplace Communication

Poor communication in the workplace often results in sub-par performance between departments and low morale among employees. This is a rather common problem for startups and small businesses where employees have little to no idea what exactly is happening in neighboring departments. When information is not flowing across different departments, efficiency is bound to suffer. That said, here are five tips you can use to create an open environment based on clear, two-way communication between you and your employees.

1.      Transparent Workplace

One of the biggest mistakes managements teams tend to make is failing to share information within the organization. This not only demonstrates a general lack of confidence but can also result in growing distrust between workers. Preventing this from happening is as simple as practicing open and transparent communication. This should start with the company leaders, as they are the ones who need to share information with their teams, whether it’s customer feedback, fundraising, financial data, new hires or meeting notes. Don’t worry about burdening your team and have in mind that these people are capable and smart enough to be hired in the first place and could use that information to make the organization better.

2.      Assign Clear Roles and Responsibilities

A poorly coordinated team and mishaps with work delegation can negatively impact any project or task. Every employee should have a clear deadline, role, and responsibility for which they are held accountable. The best way to keep your employees focused on the task at hand is to establish quarterly objectives and results. Make sure you frame them within larger goals and try to keep them public throughout your company in order to make your employees realize that their efforts have a direct impact on the company’s objectives.

3.      Ask the Right Questions

Company employees are actually the ones who have the largest insight regarding how the company works and accessing the information they have can easily be accomplished by asking just the right type of questions. They can prove to be a valuable feedback tool used to recognize achievements and identify any challenges you and your employees might face. Try to incorporate one on one meetings and make sure to demonstrate genuine concern and interest regarding your employees. Maintaining a direct line of communication allows employers to gain a detailed insight into the way their employees operate and to resolve any issues that might arise quickly and effortlessly.

4.      Use Exit Interviews

No matter how large your company is, interviewing departing employees regarding their experiences, as well as reasons for leaving is an excellent tactic to gain valuable insight into your company’s inner workings. What makes this technique so useful is the fact that departing employees are rather open during these interviews and often provide excellent feedback. Additionally, this information can later be analyzed and presented to management on an annual level in order to retain the most valuable employees and increase morale.

5.      Collaboration Between Departments

Most workplace failures are a direct result of poor collaboration, lack of overall communication and an overwhelming “us against them” mentality which results in interdepartmental friction. If your employees don’t have a clear line of communication between departments, you should invest in an intranet connection to support communication between different departments and team-building exercises in order to strengthen the relationship between your teams. Every company should endorse a culture of clear communication and open feedback among the employees, especially when there’s an evident lack of common interests and work goals. Encourage collaboration by insisting on an open layout in the office and hosting group launches and team retreats.

Effective Communication is Key

Clear communication and honest employee feedback are important for growing a business, as they build alignment around common goals, increase loyalty among team members and results in an improved productivity. Without transparent communication, you risk creating strife between different departments and risk running your company to the ground due to poor work conditions and general distrust between workers. Although it might prove itself to be a rather difficult task to accomplish, a good communication inside the company is vital for keeping your employees happy and your company successful.

Guest author Oscar is a writer from Sydney and one of the editors at Bizzmarkblog. He enjoys conducting research in the vast fields of business and marketing and writing about the useful insights he gathers on a daily basis. Follow Oscar on Twitter.to stay updated with his latest posts.

The Little Things That Make A Big Difference

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Every small business we have ever spoken to has wanted to grow into something bigger. But the common denominator in all of this has been money. Small business owners believe they need money to grow because growing can only spout from big movements, like opening up in a new location or licensing a product or offering their business as a franchise; all of which requires a lot of funds.

However, there are ways you can grow your small business into something bigger without spending a ton of cash you maybe don’t have. What’s more, we have gone and done the legwork for you and come up with a few ideas for you to really sink your teeth into.

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Make Your Business More Simple

A lot of small business owners try and spread their risk by offering a wide range of products or service. The thinking behind this is logical; the more you offer the better chance you have of hooking a customer. But the reality is somewhat different. As such, it may be time you scrutinized your business and stopped selling anything that is turning over a profit and anything that is proving hard to sell.

Organize Yourself Better

This can mean a variety of things, but the more you do to be organized, the more efficient you will be and, well, time is money. Perhaps you could rearrange your shop so that it is less cluttered and more helpful to shoppers. Maybe it is time you learned how to create an organizational chart instead of sticking post-it notes all over your office walls. It could simply be a matter of tidying up your desk and buying a filing cabinet. The easier you make your operations the better your chances of growing.

Try Delegation For A Change

All small business leaders believe they need to do everything. It is as if they don’t trust the people they employed to do a certain task to do that task as well as them. Perhaps you are right. But there will be certain things that you do that increases revenue and other things that have no impact at all. As such, concentrate your efforts on the tasks that help your revenue and delegate everything else.

Give Your Employees Freedom

One of the most successful methods of improving your success is to allow your employees to take responsibility for their work. That means letting them set their own goals and the strategies to reach these goals. You will find that they are determined to achieve the desired the results as a way of rewarding your trust and allowing them some independence.

Value Your Employees

All too many employers believe that their employees are motivated by money. However, studies show that this is only eighth on the list. The feeling of being appreciated, working in a friendly environment and the chance to enjoy a good work/life balance are the top three things that will see their productivity increase, and thus your growth. So tailor your motivational methods to meet your employees needs.