Managing a small business should be easy, right? Only a handful of people, compact operations, few and very focused business tasks that can be done in your sleep.
At least, that’s what people who’ve never managed a small business may think. Small business owners know better. Much better.
Even though your operations may not be as comprehensive as a big enterprise, you still need to cover a lot of ground. You have the same business tasks as all other companies, and you have to do it all yourself.
Choose the right People for the right Tasks
We know that building a team is very difficult. You can’t afford to have a second-rate team that struggles with day-to-day tasks in jobs they don’t feel passionate about.
Consider outsourcing inessential tasks. Thanks to the internet, freelance professionals from all over the world are available to help your business, whenever and however long you need them. This way, you can cut significant costs, increase your business’ flexibility and save considerable amounts of time.
Hire a core team for your office and outsource all other tasks. This allows you to find the best possible candidates for who feel as passionate about your business as you do.
Look after your Team
Your job as small business owner includes looking after your workers and allowing them to perform at their best. Set clear expectations and allocate tasks according to your team members’ strengths.
Allow for a regular exchange of feedback. Ask them about their experience and collect your team’s input, while providing them with clear guidelines and feedback about what they’re doing.
Even if it’s just a pat on the back, your team members will appreciate the shout out. Don’t assume that your workers know you’re happy with their efforts. A lack of negative feedback doesn’t equal praise.
When receiving feedback yourself, keep an open mind and be approachable. Your team members’ input may help you realize a course of action that otherwise wouldn’t have occurred to you.
If you receive negative feedback, don’t take it personally. Instead, try to understand why your workers feel the way they do and think of a solution that would be best for the team, and ultimately, your business.
Streamline Your Processes
Managing a small business doesn’t mean you have less tasks, only less resources to complete them with.
Maximize your operations’ efficiency by designing clear processes for all tasks that your team should follow.
Document your business processes and create an air of transparency. This way, no tasks will be forgotten and all leads are followed up on.
Luckily, there are many software tools available to help you. Take a look at our article How to Automate Your Small Business’ Operations’ Operations and choose the platforms that suit your needs.
Veem is the best tool for streamlining your international B2B payments.
Creating a direct connection between you and your business partners, Veem allows you to send international payments quickly, efficiently, and as easily as sending an email.