Congratulations on making it to success with your business!
Party and celebrate your success; but don’t take long to remember that this is just the start. Here’s what you can do now that you have reached this level…
- Give yourself a new short term and long term plan – if your company is seeing success, then you’re doing great. This means you are meeting your long term and short term goals. It also means your employees and partners are well aware of your old goals and are supporting you to meet them. But now that you’ve met them, it’s time for newer goals; both short term and long term. Remember that this time you can take more risks; and that you should think bigger and better now.
- Hire employees that you couldn’t afford to before – when you think bigger and better, you also need to think more man power. This means a larger number of employees for sure. Some employees (like researchers, correct bookkeeping and tax accountants) that you have never had use for earlier might come in highly valuable to you.
- Consider branching out – apart from thinking of hiring more people (and giving your accountants Ashgrove more work), you should also think of expanding your horizon. Opening more local branches, reaching out internationally, looking for international clients and sponsors and even partnering up with more local and international companies are all avenues that you should consider exploring. Of course, you need not do this immediately. Take your time; take small steps. But work towards expanding and growing further.
- Consider if it’s time to move to a better commercial building – more often than not, when a company is built from the ground up, a small building with limited resources is more than enough for it. There are event instances when shared offices are more than enough to get you started. However, if you are now seeing success, then it’s no longer necessary for you to “adjust” or be uncomfortably cramped. Opt to move to a better commercial building with more resources. What resources? Parking space for one can be considered an important and even vital resource. This includes employee parking space, loading and unloading space as well as client/customer parking space. Trust us, most clients will much appreciate not having to walk over to you when they plan on visiting your place of work.
- Transportation and employee services – this depends entirely on the kind of business or company you run; as well as the number of employees you have in your pay roll. If your business requires that you deliver things, then without a doubt you’ll need a reliable mode of transport for this. Likewise, if you only have a small amount of employees in your payroll, then providing them with a mode of transport can mean less absentees and late-shows. This inevitably will mean better work performances too…