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When starting your own business, you’ll be inundated with advice from others – from other business owners or relatives who want to throw their own thoughts and opinions into the mix. With so much information out there, it can be hard to know which advice is (and isn’t) useful.
Focus on implementing growth strategies into your business plan that are evidence-based. For example, those which will produce data that enables you to see whether or not you are on the right track, or if changes need to be made. Alternatively, you can seek out strategies that have already proven to be fruitful for other businesses.
Here are just some great ideas to get you started!
Put the needs of your employees first. The success of your business relies largely on your employees – meaning that you must find as many ways as possible to put their needs before your own. This is due to the simple fact that happy employees are more focused, efficient, and productive, whereas disengaged employees are more likely to make mistakes or deal with burnout. One way in which you can achieve this goal is by simply asking your employees what they want moving forward. For example, they might want access to professional training opportunities, or for you to introduce a mentorship scheme. Alternatively, as 68% of American workers say the ability to work remotely and on-site is the perfect work model, they may want you to continue to refine your hybrid work model in a post COVID world. Try not to view remote work as a temporary solution during COVID, but as a way to keep up employee engagement levels and promote a healthy work-life balance.
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