Many people out there begin their businesses by running everything themselves. As a company grows, however, taking care of everything required can start to take its toll and there simply won’t be enough hours in the day to get everything done. While this can be stressful, it is actually a good sign that a business is growing. When this does occur, it may be time to think about hiring your first employee. But what is involved in hiring someone? Many people worry that they will hire someone and then they won’t work out. Others will worry that business will fluctuate and that they may not always be able to afford an employee. Some will simply find it hard to let go of control over every aspect of their business. Whatever the concern may be, there are some sure signs that will indicate that it is time to hire someone. For example, a business owner will usually be run off their feet and little mistakes will begin to happen. They may accidentally post the wrong thing or write down the wrong phone number. This can be a clear indication that a business has grown too big for one person. The good news is that there are ways to implement extra help while still addressing common concerns that people have about hiring someone.
Look into hiring a freelancer instead
Instead of worrying about all of the things that can be involved when hiring someone such as having to pay superannuation, annual leave, sick pay etc., a business owner can simply look into hiring a freelancer instead. A freelancer is someone that can hired on a job to job basis which means that you are never “stuck” with them if you aren’t happy with their work. While it can still be a good idea to organise contracts when hiring a freelancer, there isn’t as much legal work and paperwork involved as hiring a casual, part-time, or full-time employee. Furthermore, different freelancers can be hired for different jobs when they pop up e.g. content writing, graphic design or audio engineering. Freelancers are usually able to work remotely as well, so those who run their businesses from home don’t have to worry about finding room for an employee. In the age of the internet, freelancers are popping up all over the world and are making a huge difference in the lives of small business owners.
Many business owners spend their first few years hustling and bustling, trying to ensure that their business stays above water. It is not uncommon, however, for people to get a few years in and never really take stock of what is going on with their company. For example, how much money is the business turning over and is the business actually successful? It is important to know this because we can often get caught up in a long to-do list, but those to-dos aren’t actually making us any profit. Because of this, it is worthwhile to put aside time every six months or so and to really evaluate what is going on in a company, what the turn-over is, and to see if it is worth making any changes. For example, a store may be selling a lot of a certain product which makes it seem like that company is doing really well. The truth is, however, that with postage costs and PayPal fees, barely any profit is made on that item and it isn’t really worth the time, money, and effort. Good companies will constantly track their performance and make adjustments accordingly. For instance, they could lump two smaller products together to sell as a package, that way, they can save on postage costs and transaction fees. Tactics like these are often what will make a business successful.
What is your definition of success?
When sitting back and asking yourself if your business is successful for not, it is important to first define what success means to you. For some, it is only worth running their own business if they turn over a certain amount each year. For others, they are happy as long as they have a little bit of profit. Many people define success as feeling good about themselves, and others will feel successful when they have tons of happy customers. One person may feel that having the ability to travel for work means success whereas another will feel like they have achieved this when they have stability. Whatever success means to you, it can be a wise move to not only work towards that goal of success but to constantly check in on your business and ensure that your products or services are helping you get to your destination. If something isn’t working, then it may simply be time to let go.
There are all sorts of entrepreneurs out there these days, but more and more savvy business owners are popping up in the health industry. These are people who are extremely conscious when it comes to life and will carry these philosophies with them in their businesses. For example, many will only use recycled products to reduce their environmental footprint, and others will only use cruelty-free products in order to help the animals of the world. Furthermore, it is not uncommon for many start-ups to have meditation and yoga breaks throughout the day, as well as have a strong emphasis placed on personal development. While it is becoming more common for people to mesh spirituality with business, many are still patronised for their ways of living and many are worried that they won’t be taken seriously if they outwardly display themselves as a spiritual person. On the other hand, there are other business owners out there who want to take their company to the next level, however, are not schooled in the subject of spirituality. Whatever position you may be in, there are certainly many benefits to incorporating spirituality into a business such as less-stressed staff, and an increase in morale. So, without further ado, here is how to mesh spirituality with business.
Lead by example
When it comes to meshing spirituality and business it is important to lead by example. If a business owner is trying new techniques and isn’t feeling fully confident then the people around them will notice this. It is important to fully grab spirituality and new aged practices by the horns and to confidently lead by example. For instance, it is not uncommon for businesses to use certain crystals to increase productivity and wealth (some race car drivers even put crystals in their engines). Others will implement new moon or full moon practices in their businesses where they will brain storm with their team about new items that they can implement and old ones that they can get rid of. Some will have a charka specialist come in each week and balance the chakras of their staff. Daily deep breathing as a team could be implemented, as could a simple walk in nature. Whatever the type of spirituality practice that is implemented, it is important to participate full-heartedly in order for a company to experience the benefits that may be involved.
A business coach is someone who mentors a business owner and will work with them at a strategic level. They will help them develop a long-term strategy which will often help entrepreneurs become more focused and motivated. Furthermore, they are able to help people move through any mental barriers that they may have with personal development techniques such as NLP (Neuro-linguistic Programming). While there are many benefits to hiring a business coach, the profession itself has become somewhat of a trend of late. This means that life coaches, nutrition coaches, health coaches, and business coaches seem to be popping up at every corner. So, for those who may have paid good money for their business coach training and are extremely passionate about what they do, they will want to ensure that they stand out from the rest and are able to reach as many people as possible. But how can a potential client differentiate between one business coach from the next? This question is what many coaches out there get stuck on and so will find themselves in a constant loop of trying to convince people to hire them. To best help those who are struggling coaches, here is how to become a successful business coach.
Create a niche that you are passionate about
Where many business coaches go wrong is that they are too broad in their offerings. The successful ones are really clear in what they can do for people as well as how they can help. For example, one professional may wish to focus on coaching those who are tradies and builders. This will make things easier when it comes to marketing and with where to show advertising. Furthermore, a coach that focuses on this niche will know exactly how they are able to help tradies and builders. Their motto may be something along the lines of “working with builders and tradies to help them organise their business structure”. As it can be seen, this is a very clear-cut statement and will let people know exactly what they are offering. Many people think that they are ruling out potential customers when they focus on a target market, but this actually isn’t the case. Those who decide on who they would like to work with are more likely to attract their ideal customers who will then spread the word to other potential customers.