Our Top 10 Business Tips for SME’s

We provide both commercial and employment law advice to businesses of all sizes. 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.
By
Kirsty McDonald
Director

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