Our Top 10 Business Tips for SME’s

We provide both commercial and employment law advice. Here are our top 10 business tips for SMEs.
  1. Have a business plan – it doesn’t have to be a novel, ours is just 1 page.
  1. Your business plan should set your goals for your business - where do you want to be in 1 year, 3 years, 5 years?  
  1. Break your goals down – what are your key actions in the next 90 days towards achieving your goals?
  1. Accountability – have someone in or out of your business that will make sure you implement your actions.
  1. Don’t be an island – tap into the resources around you.  Join your local Chamber of Commerce, attend free seminars, join online groups such as Linked In.
  1. Work on your business – set time aside to implement your business plan.  Make this time sacrosanct.
  1. Network, network, network – every person you meet who knows what you do could lead you to your next customer.
  1. Don’t let a “No” put you off – persistence pays off.
  1. Love your lawyer and your accountant – make sure you have great advisors on your team.
  1. Surround yourself with A Players – if you have a team member who is not a good fit, don’t bury your head in the sand.  Work out what needs to change and get advice on your options to address non-performers.
Kirsty McDonald

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