With the busy season right around the corner, now may be the time to consider hiring more employees and growing your business. Each year, you should be re-evaluating your business to decide whether or not it’s the right time to make a change. For many newer small businesses, the question is whether you want your business to remain small or aim for growth.
There are a lot of logistics to consider when making these types of decisions, and they often overshadow the more intangible concepts you need to run your business successfully. While considerations like finances and state and federal regulations are obviously important, it’s also important to determine your goals from a human resources perspective.
If you’re ready to take your business to the next level, keep these four considerations in mind to ensure things continue to run smoothly!
Nurture your team’s creativity
Wedding and event professionals are a very rare breed; hard-working, independent, professional, but most of all creative. It takes a lot of creativity to compete in an industry that is constantly evolving and depends so much on trends! Make sure that as your team grows, you continue to foster that creative environment. Seek out new team members with different backgrounds and perspectives, and look for new opportunities to work together with the members of your team to come up with unique ideas.
Be ready to take necessary risks
While your business needs to be strategic in its growth and endeavors, don’t be afraid to take risks. First, be sure to evaluate your business’ position to determine whether or not there’s too much danger to rock the boat, but then be ready to research new possibilities and get out of your comfort zone. You probably took a risk in starting your business, so don’t be afraid to trust yourself again enough to strive for innovation. Avoid becoming complacent and learn from all your ventures, whether successful or not.
The following is the first post in our new series, Big Ideas for Small Business HR! This series will provide tips and advice for small businesses who manage their own human resources. Check back soon for more!
Owning your own small business is a dream come true for many wedding and event professionals. The freedom to control your schedule and play by your own rules is a huge draw for many who start their own businesses. One of the biggest challenges to owning a small business, however, is dealing with all the laws, requirements and paperwork that come with it by managing your employees and other aspects of Human Resources.
The good news is that if you’re looking to hire employees, your business is doing well! With your success comes the need for more people to share your dream, and you’ll continue down the path to growth and brand awareness.
If you’re looking to expand your business in anticipation of the upcoming busy season, make sure you know these HR basics!
The legal component of human resources is often the most complex, as you’ll need to comply with both state and federal laws. Even more complicated is the fact that many of the laws may change depending on the number of employees you have. To find out more about these laws, visit the U.S. Department of Labor website to see both federal and state requirements. Regardless of your business’ home state or size, all your employees will need to complete both tax forms and I9 forms.
Compiling a benefits program can seem overwhelming for many small business owners. You have to choose healthcare insurance providers and select retirement benefit plans, as well as establish optional benefits such as employee incentive programs. Some benefits are required by law, and others are optional based on your own preferences. Start by finding out which benefits are required and which are optional, and then you can start creating your benefits package.
Now is the fun part – choosing who will join your business’ family! You’ll need a clear plan for setting the requirements for each position, evaluating any applicants on those requirements, how you plan on interviewing any applicants and what you’re prepared to offer the winning applicant. You should also consider the type of personality you’re looking for, as you’ll be spending a lot of time with your new hire! Don’t rush the hiring process by hiring the first person who walks in – take your time to find the perfect fit.