Small means flexible

Rumours that flexible working is the future of business have been feared and dismissed in equal measure by owners of many small and medium-sized companies.
If you’re running a multinational with hundreds or thousands of people then it’s pretty straightforward to jiggle a few working hours here and there, ask some people to change shifts or cover absences and keep everyone happy. But when you’re in a smaller firm, it’s not so easy. The personnel are simply not available to cover shifts, the budget doesn’t extend to recruiting new staff and the work still needs to get done.

Working towards a better future

Offering staff flexible working arrangements has previously been an overlooked consideration and the potential benefits particularly undervalued. However, having a productive workforce in place has become increasingly important as companies strive to be more competitive.
The traditional working week of nine to five from Monday to Friday is gradually becoming a thing of the past and having strict working hours in place is proving inadequate to meet the demands of modern day practices. Yet despite this, many companies are still failing to recognise how incorporating flexible working patterns, such as flexi-time and home working, into their strategies can have a profound impact on their business efficiency and overall success.

Small firms miss training

Formal training schemes and lengthy inductions are the norm in larger companies. When it comes to smaller businesses there simply isn’t the time, money or resources available for such programmes.
Almost half of all small companies in the UK carry out no staff training, according to recent research carried out by the independent Small Business Research Trust (SBRT).
Not surprisingly, the survey also found that the smaller the company, the less likely it is to offer any training at all, whether that be internal or external. Only 40 per cent of micro companies have formal training, while 69 per cent of small companies do. Topping the poll are medium-sized businesses, with a significant 87 per cent offering a structured programme that staff have to undergo.

Postcode predicament

Everyone has to admit that moving offices is a bit of a pain. If you’re shifting the whole company it can be a nightmare. Even the initial excitement over the promise of a room with a view starts to wane when you’re dropping your files, desk photos and potted plants into cavernous grey crates. Your only hope now is that you’ll be reunited with them once they reach their new home.
But if you’re running a growing small business, it’s highly likely that you’re going to have to move out of your current workspace at some time in the near future. The prospects of this are often met with mixed reactions – of joy and of absolute horror.

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In the firing line

Sir Alan Sugar has no problem doing it. In fact, he’s making a whole media career out of it and he’s even coined a catchphrase to go with the action. ‘You&’re fired’ he cries with sadistic glee at the end of every episode of BBC’s The Apprentice.

Succeeding in the early years

Running a start up business can be challenging – around a quarter of new enterprises do not survive the first year. Having undergone these challenges when setting up his own company nine years ago, Bill Duncan, partner of Fifth Dimension, has advice for those who find themselves in a similar position.