How To Expand Your Growing Company When You Can’t Afford More People
Expanding the company is the goal of every business owner, but it comes with its shares of setbacks, especially for those with a business that’s still growing. A large, dedicated, full-time team working within the company can help it flourish, but sometimes, hiring is out of the question when they already have too much to pay for. Therefore, owners often must take on several roles to save time and resource when they simply can’t add more people to their payroll.
But can a business still find success in its expansion efforts even with a lack of manpower? Of course! No doubt that hiring competent employees is ideal if you want your business to develop, but you can still manage to sustain your growth even when you don’t add to your current pool of talented individuals.
Here are some ways you can pull this off:
Tap for talent and help in other places
It’s common nowadays to simply outsource tasks to independent contractors — or what is now called Freelancers. Paying them to do work on an hourly or project basis often costs less than hiring a full-time worker, plus you won’t have to worry about finding space for them in your company or training them from scratch as most freelancers nowadays have at least a year of experience in their field before they ventured out.
You can also explore other options, like your family and friends who may be willing to help you out for a much smaller fee than a regular employee would cost, or hire an intern to accomplish some of the work that they’ve shown some skill in. Keep in mind, however, that there are guidelines about employing family members in a business found in the provisions of the Fair Work Act 2009.
Using technology effectively and to your advantage
Software and websites can help your business compensate for the fact that it lacks the actual manpower to pull off some tasks by themselves. Fast Company contributor and creator of Blitz on Demand Andrea Sittig-Rolf details how she managed to use technology to maximise the potential of her five-man team and raise transaction values from $5,000 to $250,000 each.
Technology is your business’ best friend — so, use it to your full benefit. Not only will you find that your processes have become smoother and more efficient, but you also open your streamlined working conditions to tons of opportunities now that your small team isn’t wasting time doing tasks that would’ve taken moments to complete through a software.
Before jumping ahead on this path, make sure that you’re genuinely maximising your potential by evaluating the hundreds of software available in the market. Make sure that you’re availing the best deal for your money, and that your chosen program(s) will serve you and your organisational goals efficiently. The perfect software should manage to strengthen productivity, lessen work times, provide excellent security, is easy to use, and safely fits your budget.
To learn more on how you can grow your business even if you can’t afford to expand your team through Business Coaches Sydney’s Business Coaching Services, contact us today at 1300-833-574 or email us at firstname.lastname@example.org today.
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