Bad Credit Business Tips: Doing More while Short Staffed
Running a small business isn’t easy, and it doesn’t get any more simple if you have bad credit. Since credit issues can seriously hamper small business loan approvals, business owners need to be more strategic about how they apply for capital. While there are loan alternatives for business owners with bad credit out there, making judgment calls about when to use financing and when to improvise is part of your role as a manager. Fortunately, just because you are short staffed, that does not mean you can’t keep your business running until you are able to make another hire, as long as you are able to effectively prioritize and redistribute workload.
Identify your main priorities and then match them with the competencies of your remaining staff. You may find that you need to put a part of your business on hold in order to take care of your most important priorities. In this case, you need to be clear that you understand what your main priorities actually are. Once you’ve done this, you should reflect on what you think each one of your employees is capable of handling. Odds are that you can re-allocate time away from extraneous processes towards essential business functions to keep things moving in the right direction.
Be honest with yourself about what you are still able to do and what is not possible while understaffed. Client satisfaction is essential when running a small business, and as much as customers hate delays, they tend to hate poor quality products and services even more. If you are not going to be able to deliver a project, nine times out of ten it will be a better call for you to be honest with your client and think of ways to make it up to them rather than try to deliver anyway with bad results.
Hire a remote worker to manage excess workflow. If you don’t have the budget for a full time hire, then a remote worker who can deal with some of your excess workflow is a possible temporary solution provided that you are willing to manage the remote employee effectively and it will save you more work than it creates.
Keep listening to your customer feedback. What your customers say to you should be high on your list of guiding suggestions and influences. It is them who can give you the best idea of what they are looking for and what they might be willing to see put on hold at your business. If you need to make sure that your employees and yourself are able to handle the maximum workflow possible, be sure to take what the customer says into account.
Photo Credit to Liam Eldret on Flickr