|
|
|||
| Small Business | |||
| Staff Profile | - Fiona Dunn | ||
 |
||
 |
'Great' businesses can be 'small'
Susan Rochester No matter what size, all successful businesses have certain basic characteristics. While there may be variations in legal structure, every business needs: 1. Business plans, systems and processes designed for growth These will include, but are not limited to:
Advice on each of these is freely available from a range of sources, including your licensee, product providers, industry associations, government departments and local chambers of commerce. 2. Resources to carry out the plan As well as financial resources and infrastructure, you will almost certainly need to enlist the help of other people to help you in your business. You are unlikely to be the best person to fill every role on your organisational chart, even if you start out doing this to save money. Other ‘human resources’ for your business do not need to be employees. One familiar example is your accountant. You can also use freelancers for other tasks, such as IT support, website design, marketing and even virtual personal assistants, who could be located anywhere. As a starting point, look at sites such as www.guru.com and www.elance.com. You may be surprised how much you can get done without employing anyone. When you do employ, get professional advice before you start. 3. Activity Simply having plans and people in place will not guarantee success. There needs to be action, so you must know:
Tip: Always be prepared to ‘fail faster’ by taking action even when you can’t be sure of the outcome. If something you try doesn’t work, at least you’ll be one step closer to finding out what does work. Balance at Work is the human capital expert for financial services companies of 5-500 employees. We combine the most accurate, insightful and easy to use online testing tool with expert advice, to give managers confidence to hire the right people first, make the most of their potential and approach difficult performance discussions with ease, creating businesses that are highly competitive because they have productive and valued employees. To find out more about how we can help you, contact Susan on 1300 785 150 or susanr@balanceatwork.com.au. |
|
|
||
Disclaimer: The contents of this document titled “The Quintessential Brief” (the ‘Material’) are provided as general information only. It is not intended to be given as advice and should not be relied upon as such. If you are concerned about any issue raised by the Material then you should seek your own professional advice. No warranty is given in relation to the accuracy, currency or completeness of the Material. No reader should act on the basis of any matter contained in this publication without first obtaining specific professional advice. Where applicable, liability is limited by the NSW Solicitors Scheme under the Professional Standards Act 1994 (NSW), and other relevant state legislation. The Quinn Group respects your privacy. Should you not wish to receive this newsletter in the future please contact us on 1300 784 667.