Running a small business can be a rewarding and satisfying experience, but it also takes a lot of hard work and determination. Some experts say that half of all new small businesses will fail in the first year of operation, and others say that up to 90 percent of all businesses will fail within five years. Your small business doesn’t have to be a statistic, however. One of the best ways to help your small business grow and thrive is by supporting your employees and getting their best work out of them. Your employees can be your best asset if you treat them well. Here are some suggestions for supporting your employees and helping your small business to grow and succeed.
First of all, make sure that your employees are up to the tasks they are given. Obviously, you made sure that they were suitably qualified before you hired them. However, once they’re in the job, it’s equally important to make sure that their skills grow and develop along with the company. Get outside professional help when necessary. For example, if you need sales force training, consider hiring a reputable agency like Insight Human Dynamics to provide it. This way, your employees will be able to give you their very best.
Once your employees are properly trained, it’s important that you hold onto them. Many businesses waste too much money on turnover, and that’s a cost that your small business shouldn’t need to bear. Instead, make your employees loyal and happy by providing the benefits and perks that will keep them working for you. If possible, provide them with quality medical and dental care. Give reasonable vacation time, so that they don’t burn out under the stress. And encourage them to take paid sick days when they’re really ill. Treating your employees with respect and trust will encourage them to stay loyal and help your company grow.
Finally, treat your employees with respect and keep an open line of communication with them. Even if you can’t afford fancy benefits, employees will be more likely to work hard for your business if they feel they are respected by their boss. No one wants to work for someone who doesn’t appreciate them. Small gestures, like remembering their birthday, asking about their family, and letting little mistakes slide when they’re otherwise doing a good job, can make a world of difference in their attitude towards work.
Your small business’s greatest resource may well be your employees. Running a small business is difficult, but it’s easier with the help and support of a dedicated staff. With their work, your business can truly prosper.