New from BizLaunch…advice from our book!
Be one of the first to enjoy a taste of our soon-to-be-released book co-authored by BizLaunch co-founders Andrew Patricio and Roger Pierce. It’s called, Thriving Solo: How to Build Your Successful Business.
Here’s a preview on hiring….
People strategy
People are complicated. Compared to managing people, almost all other aspects of a business might be described as straight forward. Planning how you will manage your human resources is an important step before you hire anyone. Knowing exactly how many people you will require is just the beginning.
Before developing the actual strategy to describe in your business plan, you should know:
• What skills and abilities you will need.
• What type of culture you want in the workplace.
• The level of formality which you wish to uphold.
• How your people will help your business to grow.
With these parameters in mind, consider the following when writing about your people strategy.
• Your current organizational structure
• The organizational structure you would like in two to five years
• What people you will need to hire to get there and when
• Where you’ll find those people and the skills you’ll seek
• How you will train, motivate, compensate and keep great people
Develop an operations manual for your business with policies and procedures. In your manual include guidelines for your employees. The more systems and procedures you develop the better. You can’t build an effective business without systems.
Keep posted on more excerpts from our new book by following the blog.
Release date TBD
{ 6 comments… read them below or add one }
Strategy is really important in a lot of ways. You can use strategy in sports, competition, life and business. A lot of people are very successful because of strategy. The tips given in this article is really awesome! It is not that easy to create your own strategy if you don't know certain important factors. But if people would come across this article for sure they would be able to create their own strategy which would be really effective.
Thanks for sharing!
Alex
The overall goals are to reduce costs, increase profitability, and reduce stress by eliminating many manual, time consuming management processes.Thnaks for share it.
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