Home > Run and Grow > Running a Small Business is Hard, But It Doesn’t Have to Be Complicated

Running a Small Business is Hard, But It Doesn’t Have to Be Complicated

By: Jeremy Bowler

 

good-accounting-habits-for-small-business-owners

Running a small business does not need to be the most complicated thing on the planet. We know that a lot of people think that it has to be complex and difficult in order for you to be doing it correctly, but this is simply not the case. In fact, it can be quite a simple process as long as you stay on top of it.

The start-up part should be the hardest, but everything from there should be relatively smooth sailing, sorting out the issues as they crop up. Image Link – CC0 License

Secure Your Funding

First, you need to make sure that you have a secure source of funding. While it is not the easiest thing in the world to achieve, it can be done. You simply need to convince people that your business is worth investing in. Most people get their initial funding when they start up their business, but you might need more as time goes on, which is why we recommend that if you are going down the investor route, you establish a good relationship with them. It’s important for them to know that their money is being put to good use, and see data that your new ideas are going to be a success.

There are other methods to get your funding if this is not the option you wish to go with. You can take out a business loan at the bank, you can fund it yourself if you have the money available, or you can even look into crowdsourcing. The latter is the least likely to provide you with results, but you never know unless you try.

Treat Your Employees Well

CC0 License – Pexels Image

It is essential that you are treating your employees well. You are never going to have a successful business if you have employees who are overworked, if you are understaffed and if they generally don’t like you. People work harder when they feel appreciated and valued, which is why treating them well is the best course of action. Of course, you should be treating your employees well simply because they are people, but if this is not enough of an incentive for you then you should think about the productivity and efficiency of your business.

Treating your employees well means more than giving them breaks and signing their paychecks. It means ensuring that you establish a relationship with as many of them as you can. It means ensuring that you are there to help when they need you rather than just getting mad when things go wrong. It means making sure that they are not overworked, that they have suitable space to take their breaks away from their desks and so on.

Practice Excellent Customer Service

Customer service is arguably the most important factor when it comes to business. You need customers in order for your business to exist, and that means that you have to provide the customer service that they want. There was a study conducted that showed the majority of people are willing to pay more for a product or service if the company provides a good level of customer service, and that is definitely something worth thinking about.

But, how can you do this? There are a number of ways to achieve this goal, one of which is through sending your employees on customer service training courses. Make sure that all of your new employees go on this course, and then send everyone else for refreshers every year or so. To some business owners it might seem like a waste of money, but it sets clear standards for what is expected when conversing with customers. You can also introduce things such as live chat so people don’t have to wait on the phones, you can add another language option in some cases, and plenty more.

Hire Experts 

Source Credit – CC0 License

If you find yourself getting overwhelmed, or you need something specific sorted in your business, then hiring experts is your best bet. Consider what needs doing and what kind of professional would be perfect to fill the gap. For example, if you are looking for someone with experience in vba excel, then you need someone with specific knowledge of Microsoft, or you need a general IT expert. Or, if your marketing is slowing down and not giving you the results that you expected, then a marketing expert needs to come on board.

It’s true to say that hiring experts will only fix a particular problem, but who knows how many countless problems it will avoid? It’s well worth the money that you are going to spend, so take it one step at a time until you have everyone that you need.

Don’t Lose Focus

Don’t want running your business to get complicated? Don’t lose focus. It’s often the case that the path changes but the goal does not, and that’s normal. Sometimes, you don’t go down the road that you thought you were going to travel as life throws twists and turns at you as much as it can, but that doesn’t mean that you should lose focus on where you are heading. As long as you have a clear goal in mind for your business, how you get there doesn’t matter.

You have got to be adaptable when you run a business. Things are always going to happen that you were not expecting, but you have got to handle them. Adapt and overcome the obstacles in your way, keeping your eye on the end goal at all times. If you can do this, then running your business doesn’t have to be a complicated mission, as there will always be a path that will lead you where you want to go.

Work On Your Leadership

Location Link – CC0 License

The final thing that we are going to say is that you should work on your leadership skills. While you might not think that this is going to have a huge impact on the overall success of your business, it does. Your leadership is what defines your company, as it will impact the way that it is run, the way that things are handled and so on.

If your leadership skills are not up to standard, then your business will not survive. To avoid this happening, you can consider taking a leadership course, looking up tips on how to be a better leader, and listening to your employees feedback.

The general rules that you should follow are to be firm but fair, listen to your employees when they come to you, and do whatever you can to ensure the success of your business. Lead from the front, never take a back seat and things should be fine.

These are just some of the things that you can do to ensure that running your small business doesn’t get too complicated. There is no reason for things to get too out of hand as long as you are staying on top of them and don’t allow anything to get to a point of no return. Rely on those around you for help when you need it, and remember that you need to do whatever needs to be done to succeed. We wish you the very best of luck and hope that your small business sees the success it deserves.

Published: July 27, 2022
1479 Views

Trending Articles

Stay up to date with
Avatar photo

Jeremy Bowler

Jeremy Bowler is a full-time copywriter of five years specialising in business and finance. Jeremy graduated from the University of Chester with degrees in business accounting and finance. He's an avid traveler and has taught English in Nepal, Malaysia, and Japan and has produced copy for Neil Patel, Entrepreneur and Metro amongst many other high-end publications.

Related Articles