When it comes to owning and operating a business, there are several factors that come into play that can make or break your business venture. And, as a small business, you’ll have to really stick the landing, because you won’t have the safety net that larger businesses and corporations have in place to safeguard against otherwise fatal mistakes. This is easier said than done, of course, but it can be done with just a little bit of preparation, a little bit of know how, and a little bit of hard work. Here are some tips to help you secure your business’s future.
First and foremost, let’s talk about employee retention. Your employees are your life blood as a business of any size, let alone a small business. Therefore, hanging on to employees is paramount to your success. Taking time and money out of your schedule and pocket to continually train new employees isn’t a viable business model, so you’re going to need to work to keep your workers around, which means you’ll need to keep them happy. One way to do this is with casual Fridays. Casual Fridays are kind of exactly what they sound like, as they are typically Fridays, and the premise is that, instead of a uniform, employees get to wear their casual clothes. This can be a great way to blow off some steam, and it gives Jim from accounting a chance to show off his latest purchase from American Eagle, all in one fell swoop.
Another way to keep employees satisfied is to make them feel like part of a team. Most people quit their jobs because they don’t feel appreciated, and that comes from two specific sources. First of all, this comes from an argument of some kind, and arguments in the work place can’t exactly be avoided 100% of the time. However, the other course can be avoided, and that’s the feeling that the work that they’re doing adds up to nothing. This is something no one should ever have to feel, but it happens, and it can exacerbate existing arguments and other problems, so it’s best to take care of this in advance.