You’re the founder and current owner of your company. You deserve a lot of credit for getting to where you are today, but you didn’t do it on your own. You’ve always had a solid team behind you and as your company grows the team continues to expand.
You want to ensure that you continue getting the best out of your employees. In practical terms, how can you go about doing this?
Promote from within
You started out with nothing, you were never given large sums of money to establish your own company. Your business was founded on hard work and entrepreneurship. You spent years working for others and developing your skills until it was time to go your own way.
If you see a similar determination among your employees, why not reward them for it? You could promote from within and encourage innovation and development. This means that employees always have something to strive toward and they don’t have to go looking elsewhere for career development.
Set clear expectations
All successful businesses have a company ethos, and this is something that you want to make sure your employees are aware of. Through regular training, weekly meetings and employee handbooks, you can set out clear expectations.
You have intimate knowledge of your business and a wealth of experience, but you can’t take everything on your own. Make sure you delegate tasks to your employees. They’ll appreciate the responsibility and may take a deeper interest in the needs of the business since they feel more in control.
Even if you relate well with your workers personally, it’s important to remember that these are business relationships. In other words, they should be backed up by written contracts. When businesses need assistance drafting operating agreements, we can help. Contact us for a consultation.