So your people are performing well and business is growing, however opportunities are being missed and you are simply too entrenched in the day to day running of the business.
It’s time to promote or hire a manager…..
This is one of the single most difficult challenges for an owner/operator to do and we can tell you why!
Essentially no one can do it like you can, and you really believe this.
Is your business on the move? Is it trying to tell you something?
- Sales are growing
- Profit is increasing
- Costs are increasing
- Employee count is heading up
- Customer demand is on the increase
Your Small business might be ready to move to the next level, the Medium sized enterprise. [Read more...]
Many employers pay lip service to performance & salary reviews.
In fact, of the businesses that conduct performance and salary reviews most do not prepare and regard this time of the year with derision and can’t wait to get it over with, while the employees consider it a complete waste of time and just want to know what it means to their wage/salary. However both parties could be missing an excellent opportunity. [Read more...]
CASE HISTORY
A professional service business defined operational efficiency (and by extension operating profit) by measuring the case load of each of their employees. While this method had been successful in the early years they found as time progressed they were increasing employee numbers without the associated revenue/profit increase.
CASE HISTORY
A business decided the variable cost of engaging contractors was better suited to their cash flow over the fixed costs of employees.
During the normal peaks and troughs of their business they could flex labour costs to suit business needs.
Over the years this had worked well, until one of these contractors decided to leave and requested their holiday pay.
They were informed they were contractors and as such were not entitled, at which point they sought legal advice. During the first meeting with their legal counsel they were asked a series of questions: How they worked, how they were paid, starting times, lunch breaks, tools of the trade, etc.
Today Small Medium Sized Enterprises employ over five million Australians, or 63% of all workers.
- There are over 1.2 million SMEs representing over 96% of all business and 33% of GDP. It makes them Australia’s largest employer.
- Of the 1.2 million SMEs in Australia, more than two thirds employ between one and four people.
- A further 180,880 SMEs employ between five and 19 people
- This means that 93.5 per cent of people employed by SMEs in Australia are employed by what can be described as ‘micro-SMEs’, namely companies with less than 20 employees.
If you’ve asking the same questions, perhaps it’s time you booked a free, no-obligation meeting with Next Move.
