HOW WILL YOU RUN THE DAY TO DAY OPERATIONS OF YOUR BUSINESS?
SET UP SYSTEMS AND PROCEDURES
You will need to consider setting up systems and procedures to ensure that not only are you running an efficient tight ship, but also if you need to step away from your business at any stage that others can step in and temporarily take over, (and remember circumstances out of your control may dictate this).
DEFINE JOB ROLES AND RESPONSIBILITIES
It is a good idea to clearly define job roles and responsibilities.
Even if you do not have the ability to employ people at this stage, it is important to identify the flow of work through your business.
DRAFT A MANUAL OF PROCEDURES AND RESPONSIBILITIES
You should draft a manual of procedures and responsibilities involved in running your business.
This way staff have a clear understanding of what needs to be done and then as the opportunities to employ staff arises, the roles are clearly defined and ready to be filled.
BUILD YOURSELF A SUPPORT TEAM
WHO IS GOING TO HELP YOU?
Unlike having a job with a specific job description, you will quickly find that being a small business operator will require you to fulfil every job description and take on many challenges you once thought impossible!
Use this opportunity at the planning stages of your business to set yourself up with the best possible support team and business systems. Surround yourself with a team of people that you will be able to call on when you are seeking assistance and advice for your business.
Examples of who you may like to consider are:
- Your accountant
- Your solicitor
- The Small Business Development Corporation's advisors
- A Business Local service provider
- Your financial institution
- A business mentor
- The Chamber of Commerce & Industry
- A relevant Industry Association
