Benchmarking Practices for Small Businesses

30

Mar

Benchmarking Practices for Small Businesses

Do you ever wonder how your business compares with others in the industry? One way to find out is through benchmarking. Benchmarking is the process of evaluating your business’s performance by comparing it to other similar businesses in your industry. The first step is to identify processes that you and other businesses follow. This would help give[…]

Tips for Hiring the Right Employees

25

Mar

Tips for Hiring the Right Employees

“If you think it’s expensive to hire a professional, wait until you hire an amateur.” In business, one of your most valuable assets is your team. This is why many entrepreneurs follow a thorough hiring process. They want to make sure that their people don’t just have the right skills but also fit into their business’s culture.[…]

what you need to know about succession planning

11

Mar

What You Need to Know About Succession Planning

What will happen to your business when you retire? You’ve spent all your life building and growing your company. Make sure it continues to flourish even after you’ve stepped down as head of the business. You could do this by developing a succession plan. Succession planning helps you identify the right people to lead your business once[…]

good communication

08

Mar

How to Improve Staff Communication in Your Small Business

Good communication is the bridge between confusion and clarity. Communication is the foundation of any relationship. When you encourage people to voice out their thoughts, you could avoid conflicts and misunderstandings. With effective communication, you and your team could increase productivity and resolve issues quickly. Here are some ways to improve and practise excellent communication in your[…]