Recently I was talking to a fellow member of my Rotary club about priorities and made the statement that as far as I was concerned the priorities should be family, business and then Rotary. This led me to think about the small business owner and their priorities.
We know that running a small business can be all-consuming. For many entrepreneurs, the line between work and life quickly blurs, as they devote endless hours to their passion. But when it comes down to it, should business or family come first? This question touches the heart of every small business owner at one point or another. Balancing personal priorities with professional ambitions is tough, and it’s essential to navigate this carefully to ensure both thrive. Here, we’ll delve into the considerations, advantages, and strategies for balancing family and business to make the decision that best suits your unique circumstances. Continue reading
In today’s business landscape, change is the one constant. Whether it’s the impact of new technologies, shifting market demands, regulatory changes, or economic conditions, the ability to adapt is critical to business success. For small businesses, change can feel daunting – resources are often limited, and even small adjustments can have significant impacts on daily operations. However, managing change successfully is entirely achievable and can even be a positive force for growth. In this post, we’ll explore some strategies for managing change in a way that minimises disruption and maximises potential. Continue reading
In today’s competitive job market, small businesses must use every advantage to attract and retain top talent. One of the most powerful and often overlooked recruitment tools is your business website. Think of it as your company’s shop window, showcasing your values, culture, and opportunities to potential candidates. By optimising your website as a recruiting tool, you can make it easier to attract, engage, and hire the best people for your team. Here’s a guide on how to use your website to recruit the top talent your small business deserves. Continue reading
For small businesses, each employee plays a critical role in the success of the company. Retaining top talent is not only a cost-saving measure—minimising recruitment and training costs—but also a way to ensure stability and consistent growth. Here are several strategies to help your small business retain high-performing employees and encourage them to continue doing their best for you. Continue reading
Last updated on October 28th, 2024 at 04:05 pm
Starting a business is a courageous venture. It takes vision, determination, and no small amount of risk. Yet, for all the passion and work that go into building a small business, not every idea will succeed. Knowing when to let go of a business idea can be one of the hardest decisions an entrepreneur faces, but it’s also a crucial skill that can prevent wasted resources and make room for more successful ventures. Below, we’ll discuss the key indicators that it may be time to give up on a business idea, how to recognise them, and the next steps to take. Continue reading
Last updated on October 28th, 2024 at 12:46 pm
Securing finance for a small business can be a complex process that requires careful planning, strategic choices, and a good understanding of what lenders and investors look for. However, many small business owners, often new to the financial side of business management, make costly mistakes that can reduce their chances of securing the funding they need. Here’s a breakdown of 10 things that you do not want to do when looking for finance as a small business.
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