Category: Business Strategy
If you’re running a business, a business plan is something that should be up-to-date and available to call on throughout the life of your enterprise.
That said, there are some stages where it will be even more critical than others. So, let’s look at the four stages when a business plan is really needed.
One of the biggest questions many small business operators ask is when is the right time to start building a team?
After all, a lot of small businesses start out as sole operators or partnerships who perform all the tasks associated with running a business – from customer service to quoting, invoicing, marketing, accounts reconciliation and more.
But as your business enjoys success, chances are you will need to take on additional staff in order to grow.
The end of the financial year is fast approaching and for many business owners that means now is the time to start preparing for that annual trip to the accountant.
There is stock to be counted, employee payment summaries to finalise, and profit and loss statements to prepare.
So as the countdown commences, here is an EOFY checklist for business
Hire the right staff and they will not only support you in your business, they might even provide the acumen and skills to take it to the next level.
How? Well as a leader, you don’t want to be the smartest person in the room, you just need to have assembled a team who can get the job done while problem solving and delivering real value to your customers.