Small Business: 5 Tips For Building A Winning Business Team
There is a solid business team behind any successful small business owner you come across. Every member of a small business team plays a crucial role in making the business a success including the employees, attorneys, accountants and vendors. If one member drops the ball, it can cause the entire system to fail. Unfortunately, you might not realize there is something wrong until you notice it in your bottom line, which could be too late.
It is important you follow the steps below, provided in How To Build a Winning Small Business Team, if you want to surpass your competition and grow your business.
5 STEPS TO BUILD A BUSINESS TEAM
1. Understand Your Business Processes.
Determine the business steps you will need to take and define the individuals needed. For example, a restaurant owner may know the staff required in the kitchen and the servers, but you can’t forget about food suppliers, dishes, refrigeration, kitchen maintenance etc.
2. Determine The Vendors And Materials You Need To Complete Specific Tasks.
Once you understand your business processes, determine the specific vendors and materials you need to deliver the highest quality services and products to your customers. Make sure that the vendors know they will receive more business if they provide top-notch service at favorable pricing.
3. Retain A Contract Attorney. </strong >
Hiring a reputable attorney can really help your business prepare and review business contracts between vendors, customers, contractors and employees. If any legal disputes arise, the attorney can provide quick and reasonably-priced legal services.
4. Establish A Timeline For What Needs To Be Accomplished.
Each member of your business team needs to know the expected timing of what needs to be accomplished. The steps of the process should be prioritized in sequential order depending on time sensitivity and level of importance.
5. Learn How Your Competition Conducts Business.
Secretly learn how your competition conducts business and then conduct your business at a higher level. Send an unknown employee to a competitor’s store to see how the customers do business with the competitor. Compare their team’s abilities to your business team. Any of your competitor’s downfalls should be capitalized on.
ADVANTAGES TO HAVING A SUCCESSFUL SMALL BUSINESS TEAM
Building a strong team that works together can provide many entrepreneurial advantages:
More Time to Work on Growing and Improving Your Business
When your staff works well with your customers and vendors, you will be able to focus on developing your business strategically and not have to stress about daily operations.
Acquire Market Share
A strong team allows your business to operate more efficient than your competitors thus creating market advantage.
Work closely with your small business team to stay on top of your industry’s newest technology; continually focus on different ways to improve your services and products.