According to research of Startups.co.uk readers carried out with business broadband and phone provider Plusnet, "85% of small business owners feel like they’re ‘winging it’ at least some of the time."
Most small business owners spend a lot of time in meetings, whether with colleagues or existing and prospective clients. However, all too often meetings to plan projects or examine progress can be less effective than they should be, with recent research suggesting that too much valuable business time can end up being wasted.
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If fear of failure is what is preventing you from starting a small business, you have to get around it and forge ahead.
When planning for growth, one thing that will often weigh on a business owners mind is the question, “When is the right time to recruit new staff?” Do you wait until you land that big new contract and then look for the staff you need? Or, do you take the risk and take on the staff first, so when new contracts come you can cope with the upturn in business? It can be a tough choice to make especially when you need to balance factors like cash flow, training, productivity and the consistent quality of output. However, there are some things to consider which might make that decision clearer. Here are five questions to ask yourself to help determine whether or not you should be recruiting new staff. Are the skills you need for business growth being met?