Archive | November 2018

Short-Term Hiring: What Are Your Options?

hiringIn an ideal world, your business will have everyone it needs to help it run like a well-oiled machine.

However, when it comes to startups and small businesses, this isn’t always possible.

Even large businesses work on one-off projects that only need personnel for a short amount of time, making full-time hires impractical.

Short-term hiring could be the best solution for your business, but what options are available to you? Learn more below. 

 

1. Go down the freelance route

More and more of the population are going freelance, which is great news for businesses looking to hire staff on a more casual basis.

Many benefits that come with hiring freelancers, from gaining from their expertise to not having to worry about payroll and staff benefits.

You can hire freelancers for one-off work and for ongoing projects depending on your need and can be a good way to keep your overall headcount low and make the most of your office space.

2. Hire contractors

Hiring contractors is a good way to approach short-term projects, although a temp-to-perm solution can also arise if there is a need for ongoing work. Specialists in the labour hire, DSC Personnel, can take the hassle out of hiring, making sure you get the right person for the job.

When choosing a recruitment agency, make sure they go for one that has experience in your industry to help you feel confident that you’re getting the right hire.

Many agencies will often take care of payroll and HR functions when it comes to contract staff, which can be a fantastic time and resource-saver for your business.

3. Offer internships

Internships can fulfill a business need, while also providing someone with some valuable experience that will help boost their career.

An internship program can be a great initiative for your business, giving you the opportunity to enjoy fresh ideas and perspectives, while also fulfilling a business need.

Many interns go on to work in permanent positions for companies, which can be a great way for you to develop your personnel and build high employee retention rates too.

4. Work with an agency

If you have a requirement for a one-off project, such as brand design or an overhaul of your IT equipment, then working with an agency can be the best move for your business.

When working with an agency, you’ll agree on the costs up front, meaning you’ll know exactly how much the project will cost you.

With their expertise, and their own equipment and resources to drive things forward, you can resolve short-term solutions for your business without having to bring in extra staff.

Short-term hire can be the ideal solution for fulfilling a temporary business need. From completing short-term projects to ad-hoc work, there are options for your business that will save money while ensuring the job gets done.

Short-term hire can also be a solution for dealing with rapid business growth, allowing you to test the water before bringing in employees full time.

With the right approach, you can make short-term hiring work for your business and meet your overall aims and objectives.

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Supplier Selection: Choosing the Right Ones for Your Business

A business isn’t only about the actions that you take yourself; it is also about the partnerships which you form with your clients, your partners, and your suppliers. Everything needs to run like a well-oiled machine so that you can provide the highest level of service and develop the excellent reputation which you need to achieve success.

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But with so many potential suppliers out there which are all vying for your business, you need to make your decision carefully as to who you will partner with.

  • Decide On Your Criteria

Before you do anything, you need to set up your criteria for what you require in your suppliers. Perhaps you need them to have very short lead times or be able to handle a high volume of orders.

Maybe you need some assurances when it comes to quality control. Ultimately, when you set up this criteria list, it will be much easier to work out the types of questions that you need to ask when you are on the hunt for suppliers.

  • Do Your Research

The internet is a fantastic tool when it comes to finding suitable suppliers, and it is worth doing your research before you start getting in contact with potential options.

Perhaps you are looking for a fuel supplier, so you can check out the Red Diesel website to see if they can match your criteria.

By doing your research beforehand, you will have a better idea of which companies may be able to provide the type of service that you are looking for, as well as getting a head start on the questions that you can ask them.

  • Get in Touch with Multiple Suppliers

Even if you think that you have a pretty good idea of which supplier that you would like to go with from the initial research stage, it is still worth speaking to multiple suppliers and getting a number of quotes.

If nothing else, you may be able to negotiate a better deal simply by speaking to more possible partners. Make sure that you get detailed information from each possible bidder and confirm the details at the earliest possible opportunity.

If you can, get case studies and examples of previous work. Everyone should be on the same page beforehand you get started to reduce the chances of disagreements occurring further down the line.

  • Monitor Supplier Performance

Once you have engaged the services of a supplier, the work doesn’t stop there. You then need to monitor their performance to make sure that they are delivering on their promises.

You should already have your point of contact, and you need to get in touch with them if there is anything that you are not happy with or think could be improved upon. Don’t be afraid to make a switch if you feel like there is anything that you are happy with.  

Coping with Rapid Business Growth

The rapid growth of a business can be an exciting time for the owner who has worked so hard to get it off the ground. Now the sales are up, profits are getting better and the dream is all starting to take shape.

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The change can be sudden and a bit disconcerting if you are not properly prepared to handle a rapid business growth. The challenges you are going to face are different from the ones when you first started, but nonetheless are very real and it is just as important you overcome them.

  • How Has It Happened?

The first thing you need to understand is what has brought about this sudden and rapid growth. You need to analyze the strategies you have in place, and why you are standing out above your competitors.

Has the key to scaling sales in your business been new staff you have employed? Have you improved the quality of your product? Have you had a special offer that has worked?

There could be no end of reasons why this upturn has happened and you need to know why so you can make sure it continues.

  • Do Not Let Your Customer Service Quality Drop

You must maintain a good customer service, no matter how busy you are. You have to remember that with no customers you have no business, and giving them a poor service will send them to your competitors quicker than anything else.

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If until the growth started they have always received an excellent service, you should maintain that, as it is what they will always expect. If you want them to stay as loyal customers, do not let the customer service quality drop.

  • Raising Finances

As an entrepreneur, you need to look closely at how this rapid surge in sales will affect your finances. Look at your assets, your overheads and your inventory to see if they are being impacted, and if so what do you need to do to stop it having an adverse effect on your business?

You may need to raise some extra finance, as it is not unusual for a rapid growth to be the reason a business fails. The growth can be so quick that the company cannot sustain it, but an injection of cash by a bank loan or maybe an investor could solve the problem.

Be prepared to put a business plan and cash flow forecast together as you may need them to be able to show how good your business has become.

They should show that the cash injection will make the difference and mean you will then be able to sustain the growth that is happening.

  • Be Careful When Hiring

You may now be in a position where you need more staff to cope with the demand. Anyone you employ can affect your business and you need to take care that they will fit in with the rest of your team, and be capable of the work you are hiring them for.

Everyone you take on will need some form of training, even if it is just in the way you do things. Make sure they have this training as soon as they start, and you will soon know if they are up to the task in front of them.

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Your employees are your biggest asset, but if your team does not have the right people, or is at loggerheads, the rapid growth you are experiencing could halt, and your business could be back to struggling along.

  • Could New Technology Help?

Technology is evolving all the time with new innovations being developed every week. Keep your eye on any advancements in the industry you are in, as it can be quite amazing how a new piece of software or a piece of updated equipment can make your business more productive.

The more productive your business is, the easier it will be to cope with this sudden and rapid growth.

This is something you should consider when you are looking to raise extra finance, as some equipment, for example, can be very expensive.

  • Be Flexible

You will have to be flexible and prepared to change the way you operate if you are to come out the other side of this rapid growth as a stronger business.

Being able to adapt to the changes in your business and try varying strategies is one of the best ways to approach the scale of your growth.  

It will also mean that any challenges you face will be less of a problem if you keep an open mind and are not against change.

 

4 Reasons Why a Website is Important for your Business

In a world that is becoming more and more digitized, the need for a website for your business has never been more real than now. Any business whether big or small needs a good website.

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If your business doesn’t have one yet or you have one but haven’t been using it to its true potential, then you could be missing out on a lot of potential customers.

It can be used as part of your marketing strategy, as well as reaching a whole new audience that would like to know what your business is about, but wouldn’t have heard about you without the use of an online search.

 If you still need a little more persuasion, then here are some of the reasons why you need to have a website for your business, or tidy up the website that you already have.

1. Saves Money

If you have a retail business and perhaps sell things locally or have a store, just look at the costs of having a brick and mortar store. Rent in popular locations can be so high these days.

But the cost of having a website can literally be a couple of dollars a month. So it makes sense to have a website you can sell and advertise from, and it can be a cost effective way of doing business.

2. No Closing Time

The good thing about a website is that it can be accessed all around the world. And if that is the case, then you don’t want to have restrictions on opening hours.

Which is why a website can be such a good thing; it never closes! You can reach your audience through your site, but they can browse and shop at a time that works for them.

So many people don’t have the traditional nine to five job these days, so for business success, what you offer needs to work around them.

3. Build a Customer Base

When you have a website you can use it to your advantage to build a customer base. You can offer incentives for people to sign up to your business newsletter when you have a website, and keep asking people to sign up to it too.

Just make sure that you have email newsletter templates that look good so that people will want to open them and see what is new with your business.

A newsletter helps to create a customer base that can be loyal to the business, and you have their details to send offers and incentives their way.

4. Marketing

Having a presence online is so good for your business. It means that you can market online, start a blog to create backlinks for your site, as well as work on how well your site ranks in search engines.

Online marketing strategies have proven to be pretty effective, so it is worth doing as a cost-effective way or running your business. There isn’t going to be a negative impact from online marketing, so make sure that your business is part of it all.