Starting a business is one of the most challenging things you will ever do, but also has the potential to be the most rewarding. If you get a thrill from making quick, intuitive decisions, working in a fast-paced environment and trusting your gut, then you’ve probably got what it takes to make your own start up. There are a few things you can bear in mind which might make the ride a little less bumpy. Below are some top tips and tricks to give you a head start in a challenging environment.
Be Bold with Your Brand
The look of your business is absolutely key. You’ll have a website, but have you considered a business proposal template? Your branding will make your business stand out from the crowd and give it a distinctive edge, so it’s important not to scrimp on this side of things. You want something recognisable that tells the world about your business. People look for personality and flavour from companies they work with, so take some time to think about what you want your company branding to say.
Hold Less Meetings
A meeting done well will engage all participants and drive a project forward or make useful amendments or additions to company policy. But the vast majority of meetings are too long and have unnecessary people involved in them. Amazon say that if it would take more than two pizzas to feed everyone in the meeting, there are too many people. They have cut down employees invited to meetings in an effort to increase efficiency – and it seems to have worked for them!
Offer Working from Home
More and more companies are starting to offer working from home, or remote working as a standard option. There are a number of benefits. Not only does it cut down on office space and the costs involved in catering to all your employees in terms of space, but it can also increase employee morale. Many people prefer to work from home as it reduces stress (the lack of commute) and gives a better work-life balance. Make sure you still offer a space for employees to work in though as remote working is not for everybody.
Sort the Wheat from the Chaff
Nobody likes thinking about underperforming employees and taking the necessary steps to manage that but, unfortunately, it’s a fact of life when you own and manage your own company. If people aren’t pulling their weight then you need to deal with it. You can either choose to terminate their contract, although you might want to seek professional guidance before considering dismissal in order to avoid an employee tribunal. Another option is to work with the employee to improve their performance and give them the support they need to make a better contribution.
Studies have shown that improved working conditions increase staff productivity, so having a nicer office can enhance your employee’s performances. If finances are tight and investing in new furniture isn’t an option, just a spring clean and a reshuffle can boost everyone’s spirits. You can also purchase some desk plants. Not only is this good for the environment, but they will brighten everyone’s mood.