Summer Refresh: Tips for Streamlining Your Business

While the summer months pick up business for some companies, it slows it down for others. Regardless if you fall into the first or second category, this season is the perfect time to refresh your business practices to streamline your company.

Halfway into the year, it is advantageous to set objectives in place that can be beneficial for the rest of the year, or strategize to plan for goals for the upcoming year. Review the ideas below to see what you can implement to streamline your company.

Review Goals vs. Accomplishments

As a business owner, it is important to set goals for yourself, your employees and your business every year. Most people do this before the year ends, making resolutions for the following year.

You may have intended to automate the customer service process, but simply have not gotten around to it. Or, you may have rolled out the program, but haven’t surveyed the customers or the employees to gather feedback about the progress.

Don’t wait until all 12 months go by to revisit those goals. The middle of the year is an important time to review what you set out to accomplish and mark your progress. This will allow you the opportunity to make changes to the status quo if you are not on track to meet your goals, rather than abandoning the tasks altogether.

Work With Your Team

Don’t forget to involve your colleagues in the process of streamlining your company. First, it’s important to review their progress as well and not wait until the year end to hold appraisals. Consider doing so at least twice a year to discuss the plans you had made in the previous year and evaluate your employees’ performance thus far.

When you meet with your staff members regularly instead of annually, it gives you an opportunity to discuss recent errors or mistakes and a bigger chance to fix them before performance truly starts to affect productivity.

On the other hand if your employees are exceeding their objectives, you will be able to recognize their efforts and show them that you value their hard work. This will empower them to work ever more efficiently and be loyal to your team.

In addition to appraisals, remember that your employees are the ones carrying out the daily tasks in your company. As such, they can give you the best ideas and advice about making efficient changes to your business. Hold regular meetings and reward those that offer innovative ideas that can help make your business more efficient.

Stay Organized

It’s difficult to run a business; one of the most common complaints from business owners is the fact that they never have enough time in the day. To be more productive and waste less time, it’s vital to stay organized.

Make sure you start summer off with a major spring clean of your office or job site. Although we are not talking about washing the floors, it’s helpful to look through the files, documents and other items in your office to decide what you can toss or recycle and what you need to keep.

Organize your files, both physical and electronic, as well as emails to make them easy to access and share with others.

Create a weekly schedule for yourself and your team, which you can re-evaluate daily to move the more pressing items to the top of the list. This will carve out the time you need to deal with top level tasks, leaving the less important matters for a later time.

There are countless ways you can streamline your business to take it to the next level. If you feel that financial help can help you achieve your goals, contact IOU Financial. We work with small and medium-sized businesses to offer secure, fast and easy small business loans. Call us today at 1-866-217-8564 or visit us online at www.ioufinancial.com to learn more.

 

Reasons You Should Have a Business Credit Card

If you are self-employed or the owner of a business, you should seriously consider getting a business credit card and use it exclusively for your business-related purchases. Picking the right card can save you time and money – let’s see why.

Taxes:

Your business expenses are tax-deductible. The easiest way to keep track of these expenses is to charge them to your business credit card whenever feasible. Furthermore, you can deduct interest charges and/or annual fees on your card, as long as you use it exclusively for business. Those fees aren’t deductible on a personal credit card, even if you charge some business expenses on it. At tax time, you can look at your business credit card transactions for the tax year for a quick summary of your deductions, which will save you time (and money if you use a tax preparer). By the way, the IRS frowns on intermixing personal and business spending, and you might attract unwanted attention if you mix your spending on the same card. It might also help to show the IRS your business is a business, not a hobby.

Credit history:

Using a business credit card for your LLC or corporation will create a credit history for the business. That’s very important, especially if you pay your bills on time. Having a good credit history should result in a good credit score for your business and easier access to business loans.

Bonus points:

Most self-respecting credit cards, whether personal or business, reward you with bonus points or cash back on your purchases. The problem with personal cards is that they might not reward you for the kind of expenses your business incurs. For example, a personal card might reward grocery store purchases but not social media advertising. It’s smart to get a business credit card that offers rewards on purchases like search engine advertising, internet services, business travel, shipping costs and so forth. Some of these purchases might not earn you any rewards on your personal card. You might be able to pool your points from your business and personal credit cards if they come from the same issuer.

Bookkeeping:

If you make all your purchases on a personal credit card, you’ll have to waste time every month separating the business purchases from the non-business ones. Yes, you can still deduct business expenses charged on a personal card, but why do the extra work and risk overlooking several expenses? You can export your business card transactions directly into accounting programs like QuickBooks and save a lot of time. Business credit card statements are often more detailed, and this comes in handy if you have employees who get their own copies of your business credit card, which most issuers will provide you for free. By setting up your business card, you can quickly give one to each new hire. Don’t forget, you collect all the rewards on your employees’ purchases when they use your business card.

A business credit card is a no-brainer for sole proprietorships, partnerships, and limited liability companies. There are a few cautions to be aware of when choosing a corporate business credit card:

Fees:

Many personal and small-business credit cards have no annual fees. However, many corporate cards have fees, some of them on the high side. Also, many of these credit cards charge a higher interest rate compared to personal cards.

Grumbling:

Your suppliers and vendors might grumble if you pay them with a corporate credit card, because the transaction fees they have to pay on these cards are much higher.

Abuse:

If you have employees sharing a corporate card, be on the lookout for any personal purchases they make with it. First, they are stealing from you if they do this. Secondly, even if you don’t catch it, the IRS might, especially if you deducted personal expenses as business ones.

Reach Employee Communication Goals With Texting

Now is a great time to assess your process and look for improvement. You can save a lot of money and time by establishing more effective communication policies for your employees. Here are five of our favorite ways to improve your company-wide communication policies this year.

  1. Prepare for Connecting with the Incoming Generations

Younger generations are showing a strong preference for texting, according to Pew Research Center and other surveys done recently. As you work to appeal to upcoming talent, you will want to expand your methods to include text messaging for recruitment. Text messages will help automate your hiring process, speed up your training sessions and allow your new employees to be more efficient and prepared for their positions.

  1. Use More Dynamic Content

Most professionals prefer less wordy emails and won’t read generic newsletters. Instead, create dynamic content to increase engagement levels. You can always text links to video content or blog posts with images to keep readers engaged. You also want to take advantage of the short nature of texting that will force you to cut the fluff and get to the point. Boost employee communication with SMS that will keep departments and teams communicating and collaborating.

  1. Empower Employee Advocacy

You want to increase your reach, brand recognition and influence, so make sure your employees are turning into advocates. Start by creating a workplace that your employees are excited about and making sure your professionals feel valuable in their jobs. Then, empower your employees by giving them access to key industry news and insight, encouraging them to share and participate in various platforms. You can use employees to help write articles in your newsletters or share their best posts to encourage more interaction. You will only have truly influential advocates if you help promote their value as a professional in their field and on your team.

  1. Increase Flexibility and On-the-Go Communication

Texting can help employees gain freedom they wouldn’t have through email and phone calls alone. Use a texting platform and company phone plans to enable your employees to do more work while they are on-the-go. Give employees as much freedom as possible to work as they can from home or while traveling, allowing for more flexible hours and scheduling. The improved work-life integration will appeal to younger generations that value flexibility and are willing to have increased interruption with working during strange hours on their devices.

  1. Speed Up Policy Changes and Strategies

Automated mass texting can really help your company get the word out about new policies and strategies. Simply send out texts to your entire team or the specific department that it will apply to in order to notify them of changing rules, training dates, industry information, deadline reminders or prompts for paperwork. Text messages are typically read within seconds, allowing your important company notifications to be distributed quickly and effectively. Emails often get lost and phone calls waste time, so use text messaging to send out these notices in a way that is sure to get the message across.

In an age of technology, don’t let your employees waste their time by worrying or gossiping – work to improve communication each year. Text messaging and great content will help you communicate in a stronger way with your employees.

Guest Post: About the Author

Joel Lee is the SEO marketing specialist at Trumpia, which earned a reputation as the most complete SMS solution including user-friendly user interface and API for mobile engagement, Smart Targeting, advanced automation, enterprise, and cross-channel features for both mass texting and landline texting use cases.

3 Steps to Creating a Strong Company Culture

Any time a group of people interact with one another on a regular basis, an individual culture forms. As such, each company has its own company culture, which can determine to a large extent the success of the organization and the satisfaction of the employees. While a culture can organically form, managers and business owners can take steps to shape a strong and positive company culture with the steps below.

The Importance of a Winning Company Culture

A company culture is “an intangible ecosystem” according to a source, which involves “the ideology of an organization.” When your company has a strong company culture, it influences a multitude of factors that can truly make or break the success of your business. Everything from more effective teamwork, productivity, employee loyalty, reduced turnover and help with attracting top talent.

Steps to Create a Strong Company Culture

The truth is that regardless of how talented and experienced your colleagues are, if you don’t have the culture to promote their attributes, they won’t be able to thrive. Follow these steps to create a company culture that develops winners:

1. Decide What Your Core Values are

A company culture should be based around the core values of the company, which are created by the business owners. Other than making a profit, what do you want to see from your employees and how do you want to shape their lives and overall society?

If you want to involve a philanthropic initiative, build your culture around that. Is your focus is more closely aligned with teamwork and productivity? Consider how to foster relationships between your staff members to promote collaboration. Do you want to be known as a company that offers the best customer experience? Put strategies into place that reflect that desire.

The fact is that a corporate culture develops best when it is based on certain beliefs and is focused on a specific course.

2. Choose the Right Colleagues

Every hiring decision needs to consider whether the candidate would make a good addition to your team. Would this person be able to fit in and uphold the values you deem important for your company?

Oftentimes, employers tend to hire the same type of person, who either resembles them or another star employee. However, a successful environment is one that contains diversity, and hiring employees who have different strengths and points of view can help foster creativity and innovation, which will drive a positive culture.

3. Promote Transparency

A thriving company is one where every single employee feels valued and appreciated. The old world model of a hierarchy that keeps information locked at the top is outdated, and transparency is the new normal in the professional world.

A healthy company culture is one that democratizes decision making and gives everyone a voice. Instead of shielding your employees from sensitive news, involve them in the process and witness how much more invested they will become in the success of your company.

If you would like access to more articles about managing a business, or would like to inquire about getting a small business loan, contact IOU Financial.

 

3 Steps to Hiring the Correct People for the Job

Do you feel like your company is a revolving door of employees? Is it difficult to retain top talent, and you constantly spend your time recruiting new candidates? If that is the case, you need to refresh your skills in hiring the correct people for the job from the get-go.  

The truth is, a high employee turnover is bad for the morale of the remaining employees, the overall corporate culture and the productivity of your team. When employees are constantly leaving, and new members are joining the team, the rest of the staff has to pick up the slack, leaving them stressed out and overtired.

Plus, employee turnover is expensive for the business. A source estimates that it could take up to 6 to 9 months of a staff member’s salary to transition between employees. That means if an employee who’s making $50,000 annually does not work out for any reason, you can spend anywhere between $25,000 to $37,500 during the transition. If you want to avoid this, follow the steps below to hire the correct people for the job and improve employee loyalty.

1. Create a Detailed Job Description

Most positions nowadays are complex, and with the hectic pace of working life, individuals are often tasked with responsibilities outside of their direct roles. As such, it is imperative to create a detailed job description that truly captures the essence of the position.

Take the time to really analyze the person’s working day, what they need to do, how they should do it, and how much percentage of time they are expected to spend on each task. Think about what success in this position looks like, and reiterate that in the job description.

The more detailed you are from the get go, the more candidates it will eliminate, saving you time during the recruitment process when interviewing individuals.

2. Implement Skill Tests

You can find an applicant with an outstanding resume who says the right things during the interview process, but can you verify that they are as competent as they say they are? Yes, you can! That is easily doable by implementing skill tests prior to making a hiring decision.

Utilizing skill assessments will take out the bias and uncertainty from the screening process. Tests take out any inherent biases and provide a transparent strategy to choose the best candidate for the job. You will be able to see for yourself each candidate’s strengths and weaknesses and make an educated decision during the interview process.

3. Involve the Team in the Recruitment Process

Employees spend most of their day at the office, and personalities often clash, which causes a poor working environment. When there is unresolved conflict, tension and unhealthy competition, that is a major reason why your employees may not be lasting long in their positions.

In order to see if a potential candidate would make a good fit within your existing team, involve them in the recruitment process. When your search is narrowed down to the top few candidates, give each person some time to spend with your employees. Encourage them to talk and ask tough questions; they may find an issue that you have overlooked!

If you need cash to invest in a skills assessment test or want to hire an HR consultant to help you with the recruiting strategy, IOU Financial can help. Contact us today to learn more about our easy and affordable small business loans.

Better Manage Your Time: 13 Tips for Business Owners

As a business owner, you spend your time thinking, acting and communicating, punctuated by too many interruptions. Maybe you’ve taken a time management course without realizing any improvement. Here are 13 tips to help you get better control on how you spend your time:

  1. Track your time:

    Write down on a schedule what you do as you do it. Do it for a week, and find out how much of your time is spent on thinking, acting and communicating. It’s the first step into a larger world.

  2. Make appointments:

    An important activity or communication should be assigned a time. Try an appointment book, either the old-fashioned paper variety or an AI app with voice recognition. Then discipline yourself to keep your appointments without letting them run long.

  3. Direct your activities:

    Decide to spend at least half of your time engaged in communications, activities and thoughts. You’re more effective if you don’t waste time.

  4. Schedule time for interruptions:

    Set aside time every day to handle interruptions. You might set up special hours in which you are open to handling all the tasks that interrupt your work flow.

  5. Use the first half hour:

    When you first come into work, take the first half-hour to plan your day in detail, including when to handle interruptions.

  6. Know your desired outcomes:

    When you set aside time to perform a task or communicate with others, know beforehand what you want to achieve. By knowing what defines success, you can better achieve your goals and, if something is missing, identify what you aren’t doing right.

  7. Use automated note taker:

    Automated AI tools will transcribe, summarize and annotate meetings and phone calls so that you don’t have to. It’s a real time-saver and lets you better concentrate on what is being said.

  8. Buy a “Do Not Disturb” sign:

    Deploy it when you don’t want to be interrupted. A perfect accompaniment to a thinking cap.

  9. Postpone responses:

    Do you drop what you’re doing to respond to a phone call, email or text message? That’s not necessarily a good idea. Unless it’s an emergency, get back to people when it suits you, and schedule time for your replies.

  10. Block distractions:

    Social media sources might be vying for your attention, but unless you need these for your business, ignore them. They are interrupting your schedule and your train of thought. Some people don’t allow Facebook or Twitter on their business computers.

  11. Observe the 80/20 rule:

    Don’t feel bad that you can’t get everything done during the day. Remember that 20 percent of your activities, thoughts and communications will account for 80 percent of your results.

  12. Try the Pomodoro technique:

    Set a timer for 20 or 25 minutes when you start on a specific task. When time is up, take a 5-minute break before beginning your next task.

  13. Fill out your staff:

    If you’re an entrepreneur who’s accustomed to operating on a shoestring, consider hiring staff to take over some of your time-consuming tasks. If you’re short of working capital to enlarge your staff, consider a loan from IOU Financial. You can use it to get a bigger office, more desks and other items to support more employees. Remember, IOU Financial offers quick, affordable loans with an easy daily repayment process.

HR Trends for 2018

Human Resources is a vital department in any organization, working with both employers and employees to address concerns, implement standards and procedures and enforce an ethical working environment. The last few years have seen a major shift in the workplace. Millennials have entered the working world and are making demands for flexibility, decision-making power and a work/ life balance unprecedented to the previous generations. Coupled with technological advances, this has led to changes in 2017 and predicted certain HR trends for 2018. Stay up-to-date on the latest below!

Increased Attention on People Analytics

People analytics is a science that looks at various trends in a company, such as “measuring diversity, gender pay equity, skills gaps, labor utilization, retention rates, real-time feedback, and even organizational network analysis,” explains one source, which goes on to state that 69% of companies utilized this practice in 2017, compared to just 10-15% in previous years.

Needless to say, people analytics is reshaping the way Human Resources operates, and is bound to fully explode this year. This detailed information allows HR professionals to not have to guess about what employees need, but have a deep understanding of their needs, wants, concerns and so on.

This, in turn, allows HR managers to work with department heads to make appropriate changes and address employees’ issues in a timely and appropriate manner.

Wellness Apps

While the main goal of managers in the past has been managing output, nowadays, the focus is transferred away from the work and to the individual. With the understanding that employees must be emotionally and physically well in order to perform at their best levels, another key trend in the HR world is wellness apps. Seventy-eight percent of HR managers regarded employee wellness as a top concern, which means they are taking the steps to ensure that workers are monitored and empowered to take care of themselves.

Health and wellness apps measure individual performance,  activity and fitness levels, helps employees set goals, improve mental acuity with games and remind them to take breaks. This also helps companies save money from sick days and related expenses.

Changes in Recruitment Practices

In recent years, there has been a major shift in employment trends—while full time employees were always the norm, that is being phased out now. Instead, companies are increasingly hiring remote workers, those working on a flexible schedule, as well as part time employees and consultants. This type of strategy helps organizations save money on paying salaries and other benefits, and hiring employees on an as-needed basis.

These changes have transformed the way HR professionals recruit candidates. “Talent sourcing practices need to build speed and agility in order to quickly identify work/projects in need of attention, source employees with the required skills, and staff project teams that can quickly perform the necessary task,” a source explains.

These are just three of the changes the Human Resource industry is facing in 2018. HR managers need to be on the lookout for the latest trends, and adapt them quickly to keep their companies at the forefront of innovation. If your company requires financial assistance to incorporate a new technology or implement a new objective, consider applying for a small business loan. IOU Financial can help you secure up to $300,000 in 24-48 hours. Learn more here!

3 Ted Talks Small Business Owners Should Listen To

As a small business owner, would you appreciate the opportunity to get advice from accomplished and world-known leaders? Would you be especially interested if this advice was free and accessible from a computer, tablet or smartphone? If you answered yes to the two questions, you will love Ted Talks — videos from leadership experts that specialize in various industries.

Ted Talks originated in 1984 as a conference on Technology, Entertainment and Design, and has grown to a collection of  short videos (18 minutes or less) that are available in over 100 languages. The following three Ted Talks are particularly beneficial to small business owners as they can help them become better leaders:

How Great Leaders Inspire Action

This Ted Talk is hosted by Simon Sinek, a famous author, marketing consultant and motivational speaker. He is responsible for books such as Start With Why and Leaders Eat Last on the topics of inspirational leadership.

In this video, he tries to explore answers to how leaders can promote trust and cooperation and encourage and accept change in organizations. He utilizes real world examples that don’t only focus on the world of business, bringing to light successes from people such as Martin Luther King, Jr. and brands such as Apple. Sinek focuses on similarities between inspiring leaders in how they act and think, and shares them with his listeners.

The video has gotten over 34 million views, and is the third most successful Ted Talk of all time!

Why It’s Time to Forget the Pecking Order at Work

While many of the inspirational leadership Ted Talks are hosted by authors or motivational speakers, this video is hosted by someone who has actually walked the walk! Margaret Heffernan was the CEO in five businesses. Her experience is diverse – she worked as a television producer, headed IPPA, a trade organization that represents independent film and television producers in England, worked on public affair campaigns, ran Internet businesses and wrote a book.

Heffernan shares what she learned throughout this time, which is that company leaders should nix the “the superchicken model” that only values the highest-performing employees, and instead focus on cohesion and the empowerment of every single member of the team to truly create change and success within the organization.

Learning From Leadership’s Missing Manual

What do the leader of the Ashaninka Nation, a leader of an NGO from Bangalore and a Chinese businessman have in common? They all provide inspiration for motivational leadership skills to the presenter of this Ted Talk, Fields Wicker-Miurin.

This social entrepreneur looks for leaders in unique situations and places, and shares what knowledge she was able to get from their stories. She is a director of Savills, an international property advisory company and CDC group, a UK development finance institution, as well as the co-founder of Leader’s Quest, an organization that connects leaders and encourages them to not only analyze their positions and roles, but to seek inspiration from leaders around the world.

In this Ted Talks, Wicker-Miurin provides examples of non-traditional leaders in order to help business owners consider their own leadership roles and how they can help their teams in a better and more productive way.

IOU Financial is committed to helping small business owners become the best leaders they can be! If you want to attend leadership conferences or take business classes, we can help you finance that goal with a small business loan in under 48 hours! Contact us to learn more.

 

3 Tips for Guaranteed Productivity

If you ever feel like you have worked an entire day, but accomplished very little, you are not alone. Everyone from senior management to blue collar employees tends to feel like they are not working as productively as they can. In fact, one source estimates that distractions and lost productivity are costing U.S. businesses an average of $650 billion annually. Whether you are a boss of a small company that needs to improve your own productivity, or you want to empower your employees to be more productive, you should follow these three tips for guaranteed productivity.

Take Care of Yourself First

In order to be productive in the workplace, you need to have a clear mind, energy and a positive attitude. The way to achieve this is by taking care of yourself first. If you are stressed out, tired or depleted, like many American professionals, you will never work at your maximum potential.

Insomnia is a major cause of lost productivity in the workplace, as many of us do not get the amount of sleep we need. It’s important that we get 8 hours of good, uninterrupted sleep every night to function at our best.

What we put inside our body also controls our energy and stress levels and mood. Many of us load up on unhealthy snacks and complex carbohydrates, like chips, cookies and bagels, for breakfast and lunch to save time. However, these are not balanced and nutritious meals, and simply lead to a decrease in sugar levels that makes us crash later in the day. To promote productivity, eat leafy greens, lean proteins and other foods that boost energy levels.

Hold Yourself Accountable

It’s not uncommon for professionals to procrastinate, promising themselves that they’ll accomplish a task the next day, and the next day and so on. This leads to decreased productivity and late deadlines. To guarantee productivity, it’s vital to hold yourself accountable for timely results.

When you have a big project coming up, break down the tasks and create specific deadlines for each one. You can mark them in your calendar, but consider sharing them with your staff or colleagues in order to hold yourself accountable for making sure the project is done on time.

Set S.M.A.R.T. Goals

Utilize a system that helps you become more productive with S.M.A.R.T. goals:

  • Specific: Be specific and describe the what, why and how of the goal as general goals don’t detail what needs to be done.
  • Measurable: Set goals with clearly outlined results that can be measured.
  • Achievable: Set goals that you can achieve with the skills, resources and budget at hand.
  • Results-focused: You must dictate what results you plan to achieve with each project.
  • Time-bound: Hold yourself accountable to specific due dates for each part of the project.

Making sure your mind and body are rested and properly fueled to face the day, holding yourself accountable and making S.M.A.R.T. goals are three ways to increase productivity in the workplace. However, that is often not enough as you may realize that you require additional workforce or newer software to really make a difference. If you need financial help achieving those goals, IOU Financial is ready to help! We offer small business loans of up to $300,000 in two days or less. Contact us today to learn more!

How to Improve Business Culture: The Top 5 Practices Small Businesses Can Start Doing to Develop Their Company’s Unique Culture

The concept of Business Culture for many companies tends to draw up more questions than solutions. What is our culture? How do we set our business culture?

In any business, the style or model of business operations in a company is determined to be that company’s “culture.” It’s this culture that is vital to a company’s identity and philosophy of how to run itself each day. How staff communicate with each other, how communications work between staff and customers, and how businesses handle every day issues and transactions all tie into a business culture. So how do you improve your business culture? Companies big and small can shift and mold their business culture and set the tone for their company the way they want by implementing the following five practices. Lets review and get started! 

  1. Encourage open communication

For many companies the idea of staff and employee open communication is frightening. What if staff say something we don’t like? What if staff say they are unhappy? What if a customer doesn’t like our product? Well what if through open communication your company fosters honesty, identifies areas to improve, and delivers an even more customer-focused product? By developing an open communication system, companies can develop a trusting environment for all parties to thrive. Culture starts with knowing the truth about a company.

 

  1. Value contributions

One way to find out what kind of “culture” your company has is to embrace and value employee contributions. What does each person bring to the table? What are ways in which employees feel appreciated? If a company can identify ways to value contributions from its employees, it can create an environment that draws out more contributions from the employees as well as give employers a good sense of who they have on the team and if that team fits into the culture the company is wanting to develop.

 

  1. Develop employee engagement activities

Every company faces similar challenges with staff retention. Many companies lose good staff because they do not engage the employees that work hard for the company each day. Create activities that engage employees. This doesn’t have to be a huge event or costly outing. These activities can simply be round table “get to know you” discussions, after work gatherings, and small communications such as group emails or messages. By engaging employees, employers begin to look at drawing out the similarities and differences that will shape the culture as the team gets to know each other more.

  1. Deliver the culture

Deliver the culture? Sounds funky, but hear us out. Companies big and small can be the spearheads of the culture they want the company to adopt. If the owner enjoys humor, companies can embrace professional light-hearted banter. If a company wants people to value work life balance, they can set a tone that everyone clocks out at the same time to be with their families. Whatever the owner or company wants the culture to be, start implementing that into the daily practice and the rest will follow.

 

  1. Promote the team

Small businesses know the value of the team. To shape and develop a culture the company wants to take on, employers should look at encouraging the team to be leaders in developing such culture. If employees feel empowered, they take ownership of the company’s mission, values, and culture. By promoting the team, small businesses will see the values of the company through its employees.

Setting a business culture may not happen overnight. By implementing the concepts and ideas mentioned above, small businesses can begin to shift and mold their company’s culture and set the stage for fostering a strong business philosophy. No business culture is alike, but for many businesses starting with a plan and engaging ways to develop culture can happen sooner than one would thi