Success is brought about by a solid business team. Once you have built your business team and it runs smoothly, you can focus on working on your business instead of in it. You now have the freedom to step back from running the day-to-day operations and focus on strategic planning, improving your products and services and increasing your market share. These are the activities that will improve business growth and success in the long term.
The installation of a well-coordinated team, including dedicated staff, outsourced vendors, suppliers and lawyers is instrumental in attaining success. Shari Gould wrote an article in which she discussed the steps to building a successful small business team.
You have to start by thoroughly understanding your business process in order to figure out which people you will need on your team. It is obvious which employees you will need right from the start, but don’t forget the all-important service providers, suppliers and maintenance staff who keeps everything running smoothly. The delivery of quality goods and services is imperative for a successful business, so make sure your vendors share that goal with you. Select vendors according to their dedication to your budget and to delivering on time every time. Entice better co-operation by offering them something extra to get faster or better service.
It is important that everyone in your company understands the timeline – from receiving the goods to delivery to clients. Prioritise the steps and make posters of them, which you put up at strategic sites in your business.
A good contract lawyer is essential to any successful business team. Create and review contracts between your company and your vendors, so that money can be saved by your lawyer in the case of any future contractual legal disputes.
Learn from your competition. Acquire some of their products and use their services to find out what they are up to and where their strengths and weaknesses are. Learn from that to improve your own enterprise.
This article is a general information sheet and should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice.