Ask 10 people how to run a business and you’re likely to get 10 different answers. That’s because you can position your business for success in a variety of ways. What works for you may not work for someone else (and vice versa).
Regardless of how you choose to manage your organization, all successful businesses have one thing in common: they have all incorporated the following 12 tips into their operating procedure.
How To Run A Business: 12 Expert Tips
1) Use Scheduling Software
In addition to all the intuitive tools you’d expect from software that’s dedicated to scheduling, Sling provides guidance and helps you avoid conflicts with up-to-date availability and time-off requests. Sling even notifies you of overlapping shifts or double-bookings.
There’s no more powerful way to streamline the scheduling process than to use a cloud-based scheduling software like Sling. So if you’re wondering how to run a business better, start with this simple solution.
2) Stay Organized
Organization is essential if you want your business to succeed. It’s crucial that you know what’s going on in your business — and what needs to be done — at all times. Organization makes that possible.
If you’re struggling to stay organized, try these simple tips:
- Make a weekly plan
- Make a daily plan
- Silence your phone
- Go paperless
- Avoid multitasking
Find an organizational system that works well for you, and then stick with it.
3) Keep Up With Your Payroll
Many businesses miscalculate their payroll (or neglect it completely). This oversight often leads to fines and legal issues down the road. That’s why it’s crucial for the success of your business to properly keep up with your payroll.
Keeping track of labor costs can be an intense task — especially when overtime is involved. You can simplify this necessary project by using computer software like Sling. With its built-in time clock and time-card calculation features, Sling will show you how to run a business payroll like a pro and help you stay on top of it like never before.
4) Create An Organizational Strategy
Your business’s organizational strategy is the guiding force behind everything you and your employees do. It’s a vital part of every successful business.
If that seems a bit daunting, don’t worry. Organizational strategy is broken down into three distinct categories:
Setting the strategy in one level helps you see what you need to do in the other levels.
5) Hire The Right People
Hiring the right people is crucial to the success of your business. It doesn’t matter if you’re searching for a food runner, waiter, barista, customer service rep, or some other position entirely, the happiness of your customers is at stake.
Be sure to use the interview process — both phone and face-to-face — to find the right additions to your team.
6) Put Diversity At The Top Of Your List
Businesses are becoming more global every day. Even within a single country, the opportunity to provide goods and services to a wide variety of nationalities is a very real possibility. That’s why it’s so important to hire people with diverse cultures, viewpoints, backgrounds, and personalities.
Not only do different employees bring inspiration, knowledge, and experience to your team, but they can also provide insight into how to run a business better.
7) Train Your Employees Well
Training your employees — and training them well — is crucial if you want your business to succeed. Don’t assume that everyone you hire will do their job the way you would do it. You may have to show them how to do it “the right way.” And that’s okay.
8) Establish A Budget
Without a budget, you’re basically flying blind. You may have a strategy in mind, but without a budget, you won’t know if you have enough money to put that strategy in place.
Establish a budget for your business as soon as possible, and then stick to it. If you need to adjust a few numbers here and there once you get started, that’s fine. But don’t make a practice of going over-budget on a regular basis.
9) Get Control Of Your Inventory
One of the best ways to do this is to use inventory tracking software. These tools do much of the heavy lifting for you by keeping track of what comes in, what’s already there, and what goes out.
10) Develop An Employee Handbook
When most managers think about how to run a business better, few settle on the employee handbook as an answer. But every business — no matter the size — should have an employee handbook. It’s the best way to tell employees what you expect from them and what they can expect from you.
Be sure to include items like:
All of this information will help both new and long-time employees do their job to the best of their ability.
11) Conduct Periodic Employee Reviews
Even though you’ve trained your employees well from the start, it’s imperative to conduct periodic performance reviews. These meetings will help your employees identify their strengths and weaknesses and see what they need to do to improve.
12) Promote Teamwork & Group Cohesion
One of the most effective things you can do to run a business like a pro is to promote teamwork and group cohesion. Strong teamwork among employees can make even the most difficult job run smoothly.
To foster group cohesion in your business, encourage strong relationships, delegate authority as much as possible, communicate, set goals, and allow everyone to play an active role. When you do that, you set your team up for success.
Conclusion: Implement These Tips One At A Time
You may already have implemented some of these tips in your business. Others, you may not have. That’s OK; don’t feel like you have to do everything at once.
Choose one actionable item from the list above to work on until it’s finished. Then choose another item, and then another. It may take a while to completely implement these tips, but the results are well worth the effort. Soon, your business will be running smoother than ever and people will be asking you how to run their business like a pro.
For more free resources to help you manage your business better, organize and schedule your team, and track and calculate labor costs, visit GetSling.com today.