Has the time come where you would like to start growing your small business? It’s a delicate balance trying to figure out that exact right timing, and just because you have these lofty goals, it doesn’t mean you have the giant cash flow to support them. Growing a business often results in hiring on more staff, but that may not be in the plan or budget at this point. So, is there a way to proceed?
Here we’ll take a look at some great ways you can indeed grow your business without having to hire on more staff and take on that added expense.
Can You Re-Gig the Roles of Existing Employees?
A good place to start is by taking a look at your current employees and their responsibilities. You want to examine if there are ways you can re-work the current structure. The goal of course is to have them take on some additional responsibilities that will occur due to the growth. At the same time, you don’t want to overload them. This will result in unhappy employees, and possibly errors and tasks being overlooked simply due to lack of time.
Look at Areas You Can Outsource
Another wise approach is to look at areas of the business, or full departments that can be outsourced so you don’t have to hire additional people. Take for example IT support, which would require you to either hire on additional staff, or make this the responsibility of your existing staff – which may not have the time and proper training.
Impreza IT offer this type of support that can prove to be extremely useful for small businesses in particular. The company uses all the latest tools and systems to ensure that your IT department runs smoothly, taking all the worry off your shoulders. The whole idea behind them is that they ensure your business stays operational and doesn't suffer disruption due to IT issues.
Cut Down on the Meetings and Phone Calls
Here's a tip that can save everyone a bunch of time, allowing them to focus on their tasks at hand. If you've given your employees more responsibilities, you need to be sure they have enough time to complete them. A great way to save time is to cut down on the number of office meetings you have. Is it really necessary for departments and staff to meet as much as they do? You can also keep those phone calls to a minimum and start prioritising.
Before you know it, a whole day can be spent just on communication – meetings, emails, conferences, phone calls – leaving no time for work.
Grow at a Rate the Business Can Handle
It’s also necessary to be realistic about your goals and timeline. You need to grow at a rate that the business can handle both from an employee standpoint and operational standpoint. This will help to grow the customer base which in turn grows the cash flow gradually over time, so when it’s necessary, you can then afford to hire on additional staff.
Hiring More Staff Isn’t Always Needed
Just because you want to grow your small business, that doesn’t automatically mean you need to hire more staff. These tips will help you avoid that added expense without sacrificing growth.