Good is fine, sure. It’s safe and nice. Static, unexciting. Great though, ‘great’ is all about mounting potential. Moving on up. In today’s current climate, where reports of the economy going down the pan are as rampant as they are conflicting, it can be difficult for small businesses to find adequate support to reach this higher tier of potential.
“Don’t be afraid to give up the good to go for the great.”
Or so the old saying goes by the epitome of success, John D. Rockefeller himself
Last year, the number of businesses that survived dropped by 27,000, making it the first year-on-year fall since the year 2000 (BEIS). It’s the prevailing worry of any responsible entrepreneur looking to kickstart a business venture: timing. When’s the best time to capitalise on a good idea, to take the plunge, and with the political climate being in its current shape, it seems the worry is as prevalent as ever.
But taking the plunge doesn’t have to be a gamble. The SMART Employment model, new to the UK, is changing the game for business owners looking to grow. If you’re a small business trying to get ahead, it might sound strange, but now is the time to pause. To take stock and review. Running headfirst into the storm you plan to create is never smart strategy. Especially if you’re carrying last year’s baggage.
As with Rockefeller’s opening line, the leap from ‘good’ to ‘great’ demands that you first work out what’s holding you back. What is your business baggage? What functions take up more time than they’re worth, cost more than they should?
A recent report by Sage revealed that the average small business spends 120 hours a year on admin and 5.6% of staff time wrapped up in back-office tasks. If this rings true for a business like yours, the question to ask is how to cut back on wasted energy and productivity lulls? If you’d be in better shape without the burden of the paperwork-heavy must-dos like Payroll, Pensions, the HR remit tasks, then why hold onto them?
Like to know more about how SMART Employment can grow your business, contact Growth Partners today on 0116 340 3116.