Let’s face it, even the largest companies are smart about how they spend money, and try to keep expenses in check. But there’s a difference between being Coca-Cola and being a new business. You can grow your top line, but to have a great bottom line, you need to keep costs down. So how to run your business on a budget but still get the job done?
Here are tips for running your business on a budget:
Most of us recycle, and are mindful of wasting water or using Styrofoam, or other environmentally-conscious things. But that’s usually on an individual level, in our homes.
While we might remember to recycle printed documents, sometimes there aren’t many more eco-friendly activities during the work day. But if you are committed, and creative, you can find a lot of little ways to make the corporate carbon footprint a bit smaller.
We wrote some time ago about telecommuting and how to make that work for you. But key to working remotely is having the right set-up at home to be able to be productive and the best way to have a dedicated space for your work.
Here are some tips for setting up a great home office:
We can’t avoid the team meeting, the one-on-one feedback session, or the companywide annual call. We’re humans, and we like to interact. Business meetings are simply a fact of American corporate life. But they also can easily disintegrate into unfocused, undisciplined wastes of time. How do you make sure that you run an effective meeting that is worth its conference room hour?
We have discussed in the past how LinkedIn is a must-use resource if you are looking for a job. But it is also incredibly valuable as an employer looking for new hires. With more than 400 million members, there’s a huge pool of talent available. And if you take advantage of the extensive features available, you can easily design a search where you are using LinkedIn for recruiting that is productive and not overwhelming.
Here are some tips to using LinkedIn for recruiting:
You’re a growing business, and you suddenly realize you need a lot more support in areas like IT or accounting. Or maybe you have a short-term project that needs a lot of people, but not forever. Or you have a lot of temporary support from a variety of agencies, but its time-consuming to manage them all. One solution could be using a managed service provider.
Things to know when considering using a managed service provider:
People look for new jobs for a variety of reasons. If they’re just entering the job market, say, straight from college, their primary motivation might be to just get experience, even if the pay isn’t great. For others, they might be looking for more flexible work hours, or an opportunity for promotion. But whatever the reason for looking for a new job, one of the ways to keep people at the current job is to keep them encouraged. It's important to know how to motivate employees, not just lead them.
Often feeling encouraged at work can be more important than an incremental raise, more vacation days, or other purely economic benefits. For most of us, the paycheck matters, but money isn’t everything.
Everyone under 40 is entitled. Or is it ambitious? A self-starter? Or addicted to social media? If you want to hire millennials, you might have to get past the sound bite and learn more about this segment of the workforce. What motivates them, what value they bring, how to engage them might not be as intimidating (or frustrating) as it sounds.
Hiring people isn't fun. It seems like it ought to be -- you meet lots of new people, you get a chance to give someone a new job, there's something empowering about choosing among applicants. . .but it's not that. What it is -- tiring, stressful, disappointing, confusing, nerve-wracking -- and that's if you're doing it right. Finding a great job candidate is a mix of investigation, instinct, inquiry and experience. Someone seems great, but everyone is putting their best face forward. You know the talent mix that you want, but can you afford it? If not, what do you sacrifice? See -- hiring people is not fun.
If you're looking for a great job candidate, here are some clues.
Ok, so your company is not GE or AT&T. In fact, your business might be just you. But if you’re small and growing, you can find ways to attract great employees without an HR department or a big LinkedIn budget. There are potential hires out there, you just might have to look a little harder.