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A Business Owner's Guide to Attracting Top Talent

by Guest Author 10 October 2017 09:15

One of the biggest challenges for any business owner is finding the right candidates to bring on board. If you have open positions you're trying to fill or you plan to do some hiring in the future, keep these suggestions in mind. They'll help you attract high-quality employees who can contribute to your bottom line.

Ask for referrals. Knowing more about a candidate increases your chances of making a smart decision, and finding someone who will fit in with your company culture. Offer incentives for current employees to make referrals. Send your job announcements to colleagues asking for leads, and be generous about doing the same for them.

Tweak your job description. Is your advertisement boring? Remember that you're selling the position, not just describing it. Know your audience, and stress what you have to offer.

Consider hiring a recruitment agency. Maybe you're not getting enough qualified candidates. A recruitment agency can be worth the fees they charge if they help you fill difficult positions.

Offer competitive compensation. Is your starting salary in line with comparable openings? Check your benefits too as many candidates will appreciate policies such as generous leave and training opportunities.

Remember soft skills. Whatever the position, you also need to focus on communication and interpersonal skills. Is this someone you'll enjoy working with, and will they be effective dealing with clients?

Always be looking. Don’t wait until you have a vacancy to think about recruitment. Keep your eyes open for promising talent at every networking event or speaking engagement you go to.

Hiring and retaining high-caliber employees is the key to business success. Using strategies that develop your reputation as a great employer puts you on the path to assembling an effective team.

Time To Consider a Larger Space For Your Business

by Guest Author 5 October 2017 11:15

As a shop owner, there are times when you need to consider that the location you are currently in is not good enough for you. Though you may not want to move your whole business, it might just be what you and your business needs.

You shouldn’t move just to move. However, there are times when you may need a larger space for your business.

  • More retail product. If you are thinking about expanding your business by selling more product, you may need more room to do so. Most retail businesses start out small and then gradually expand until they are selling everything that they want to.
  • Change of direction. You may also find your business growing in a different direction and you need a second store to cater to that crowd. If that happens, you may want to have two different stores or look for a space where they can be connected.
  • More employees. After you start to hire employees, you may need a bigger space, especially if some of them need to have their own office space. You might also want to think about having a break room for your employees to take time to relax. This will lead to much happier employees if they can get comfortable and unwind during breaks.
  • Better location. After you have been in business for a while, you might finally be able to afford the shop that you have always wanted! Treat this as a dream come true because you deserve it.

Though you may not want to move your business, there are times when it is necessary. Most people buy or lease a smaller location until they are able to afford the one that they really want (or need). When this happens, you should be proud of yourself that you have grown your business so much that you need a larger space.

Tips For Choosing the Right Location For your Retail Business

by Guest Author 4 October 2017 09:07

Starting a business can be downright scary. When you think about all of the money that it costs to get a retail business started, it is no wonder why many people stop in the planning stage. However, with some careful planning, you can easily have a retail business that everyone loves to visit.

Location is very important. It can be the difference between a successful business and one that is mostly empty.

Here are some tips for choosing the right location for your retail business.

  • Well populated. Because your business needs customers, it is very helpful to be in an area that is already busy and active. If there is a lot of foot traffic, you are more likely to have plenty of people who will be interested in stopping in your store. If your store is in a quiet area, people are going to have to go out of their way to stop in, which means less people will come in on a regular basis.
  • Good parking. Good parking is a must for retail businesses. People need to be able to park right at your business, get what they need, and carry it right out to their car. If they have to walk a block or two, they may not be able to buy everything that they want.
  • Close to home. Since you are going to be at your business most days, you are going to want it to be convenient for you to get to. Some people are lucky enough that they can build a shop on their property or they live close to some shops. However, if you live in a more rural area, you may need to drive a little farther. If so, at least make sure that you are willing to do the drive.

Location is very important when it comes to a retail store. It helps to find a space in an already busy place so that you know that plenty of people pass on by. Parking is also a must or your customers won’t be able to buy as much. However, one of the biggest things to consider is how close it is to your home. Are you going to want to make the drive every day? Once you find the right place, it is only a matter of time before your first sale happens.

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