TOP CONSIDERATIONS FOR BUSINESS OWNERS
Now that the dust has settled on the flurry of bank holidays, it’s time for many leaders to get back to business and start creating their 3 quarters’ success story. You’ve hopefully been able to spend some time relaxing over the Easter break, so you’re ready to face your new challenges with excitement.
Whether you were planning to ease yourself in gently, or you’re ready to hit the ground running, there are some important considerations that need to be on your agenda over the next couple of weeks.
There’s no time like the present, so lets get things moving. Here, we’re going to outline the questions that you need to answer, discuss with your teams, and use to ensure that you’re really prepared for the challenges that the rest of this year will bring.
Are your staff looking for new opportunities?
Eek! Not nice to think about if you are an employer but face it we must. Many people find themselves contemplating their careers as we emerge into Spring. If they’ve been stagnating for quite some time, or they feel like chances have passed them by previously, then it’s around about now that they’re likely to decide that they want to do something about it.
This could mean a couple of things for your business:
– it could present the opportunity for you to develop your staff and encourage them to take on new, value-adding tasks or
– it could mean that they’re starting to look outside of your business for better conditions and pay. Be mindful of the impact that this could have, and work out your plan of action.
How can you use renewed motivation to improve profits?
If your workers are eager to get stuck into new challenges, then it makes sense to embrace this. Your employees might be keen to develop their skills, as we’ve already touched on, and savvy leaders know that this needs to be harnessed. Of course, it’s also worthwhile noting that as we start a new quarter what you do now could still make a big difference to overall results in this new quarter.
– Could you roll out new projects that you’ve had on the back burner for a little while?
– Are there easy wins that you haven’t yet tapped into, but which could have a significant impact?
– How can you take advantage of Spring optimism and motivation to breathe new life into your business?
Are you ready for legal changes?
Employment law is changing all the time and, generally speaking, this is a positive thing. Legal systems can ensure that you’re keeping your practices up to date, and that you’re creating a business that has an outstanding reputation when it comes to how it handles and develops its workforce.
It’s important though that you stay on top of any changes, and make sure that you’re compliant. There’ll no doubt be developments that will have an impact on your policies over the next 9 months, and preparation is key. Pinpoint any new legislation that you’ll have to account for, and start planning your approach. You may need to update your policies, and arrange for consultations and communication drives with your staff. GDPR looms large next month and we have all your staff issues under GDPR covered so let’s talk. Phone on on 01244 300413
Spring is a busy time for everyone, and business owners will have their own unique challenges and considerations. What you do now has the power to make or break the rest of the year, so don’t bury your head in the sand.
Do you think that this could be the month that you decide to get a little bit of help with ensuring that you’re prepared for success and are fully compliant with your responsibilities? If so, we’d be delighted to help.
Get in touch today for an initial consultation to discuss how we could play a part in your business achievements. Phone 01244 300413 or email [email protected]