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The end goal for most entrepreneurs is to create a business that ‘runs itself.’ This allows you to reap the reward of all of the profits but without a huge pile of work on your desk each day, and without having to burn the midnight oil night after night. However it takes a lot of work, years in many cases, to reach this stage. But go about things in the right way, and you can most definitely establish a company that you can run from the top which day to day functions without massive amounts of input from you. Here are a few ways you can go about it.
Hire The Right People
For a business that runs itself and functions efficiently without you having to oversee every decision, you need the right people on board. Workers that are experienced, highly motivated and are able to get things done. If you don’t want to have to solve every issue that crops up, then find those that have a a track record of being able to work to their own initiative, who have had success in similar roles. Provide them with good equipment and a nice office, and great employee benefits which will all make them more productive and feel more valued as a worker in your company. This reduces staff turnover rate, and means you can trust your staff to get the daily tasks done in your company to keep it running successfully. Taking on junior staff members can be a great way to futureproof your company. They can learn the ropes from senior staff members, and when people eventually leave or retire you have workers who know the company inside and out ready to slot into the existing positions.
Use The Right Software
At this point in time, your business is always going to need human workers. However you can certainly automate many tasks and make your employees work quicker and more efficient with the use of business software. Depending on the type of business you run this could be anything from brewery software to salon software. There are some types that all businesses can benefit from, for example legal, accounting, rota planning software and more. Do you research, find out what’s out there that will suit your particular business. It can save you time, money and hassle.
Utilise Social Media
One of the greatest changes to happen on the internet in the past decade is the creation of social media. But this is no longer just useful for personal networking, it’s something businesses can take advantage of too. It’s great for interaction and customer service, and people can see reviews written by real people. Those speaking about your products or brand, or even conversing with you directly will be seen by people in their friends list meaning exposure for you- all for free! You will need a good marketing team to get your name out there as a business, however just being active on social media can be a fantastic tool for promotion and an easy way for your company to be promoted inadvertently by your customers. All you need to do is be visible on social media, your customers will do the rest!