Advertising
Advertising

4 Ways To Effectively Handle A Large Business

4 Ways To Effectively Handle A Large Business

Many things that worked well when your business was small no longer work now that you are running a large business. Although you may still be in the same basic business, you now have to run it in a different way. Scaling up adds new pressure on your business and you have to deal with a whole new set of conditions.

It might not necessarily be that you’ve gotten inefficient. In fact, you are producing more goods at a faster rate and have vastly improved the quality of your services. The revenue you now earn in a month may even be what it took a year for you to earn in your small business.

It’s tough handling a large business and it’s easy to get overwhelmed, but if you follow the basics correctly and make an attempt to patiently persevere, it’s not as hard as it seems. The tips mentioned below will help you alleviate your problems and handle your business effectively.

Advertising

1. Manage your payrolls.

Doing payroll the same old trusted way may be increasing your costs because of the increasing complexity of the paperwork required for wage payments and statements. The solution is to adopt electronic payroll and wage statement methods. This will allow you to put paperless pay into practice. This will give you many payment options, like pay cards and online statements. It will also be easier to manage changes in a variety of departments that have diverse requirements, as well as provide service to employees who have different payment needs.

2. Manage your meetings.

When your business was small, you had fewer business meetings. You probably also had to travel far less often to attend those meetings with partners or clients. Now that your company is growing, there are probably more outside meetings, and frequent travel not only raises your costs but also limits the time you have to work on your own business projects.

One solution to this is to opt for video conferencing instead of actually traveling regionally or internationally. Setting up a meeting is as simple as sending recipients a hyperlink and then conducting the meeting via voice, video, and desktop sharing. Your meetings will go just as well, perhaps even better, and this alternative is both simple to use and inexpensive.

Advertising

3. Manage your telecommunications.

It can become fairly expensive to have multi-line telephone units. It’s possible to get virtual solutions that offer the same functionality at a lower cost. If your business has more than one location, you may want to consider getting laptop-based softphone software. Since your employees are probably being outfitted with laptops anyway, why not add these softphone applications to their portable computers, as well?

A softphone is a hybrid word for software telephone. It is an application program that enables users to talk using VoIP, or voice over Internet Protocol. In other words, your employees will be making telephone calls from their computing devices. These applications can be used with a headset and microphone.

4. Manage your technological infrastructures.

If your business is growing rapidly but you are still using an on-premise computer system, then you are paying too much and getting too little for your money. If you’re in this situation, it’s time to migrate to cloud computing.

Advertising

Your users will have a richer experience because they will be able to take full advantage of the latest software through Software as a Service. You don’t have to hire an IT team for maintenance and care of the system because all that is handled by the cloud service provider.

You can also scale up your business easily by asking for more system resources and additional services. And your employees can access their work from anywhere at any time. This feature is especially useful if you are outsourcing work and want to give independent contractors limited access to your database as well as enhance collaboration.

Remember, it’s not the same old business anymore!

Size makes a huge difference in business operations because you’re now dealing with far more complexity. For instance, your hiring process has probably changed beyond recognition. It used to be easy to hire new people when you had a vacancy.

Advertising

A few well-placed ads were all you needed to get a large selection of candidates and it was not long before you got some more people on board. Now, however, you have so many positions to fill more often that you need a much more sophisticated recruiting system to keep track of everything.

When you have a larger business, you have more employees doing more things, more business processes, more projects to coordinate, and more vendors to manage. You also have more products to sell and more services to offer. Besides having a lot more customers, you may even have several target audiences now because you’ve entered several niches in the same industry.

The bigger your business gets, the more different it becomes. In fact, it may be so different that it’s just a question of semantics to say that you have the same business. In reality, you have a different business — a bigger, more complex business that does more things with more resources to produce bigger results. By using the right solutions, you can prevent complexity from tipping into chaos.

Featured photo credit: Wikipedia via upload.wikimedia.org

More by this author

Nabin Paudyal

Co-Founder, Siplikan Media Group

Benefits of Sauna: 8 Ways It Makes You Healthier and Happier 25 Websites Other Than Social Media To Upgrade Your Life Think That Positive Mantras Help a Lot? Try Value Affirmation Instead 6 Successful Entrepreneurs Who Struggle Through Dyslexia Every Family Has Its Problems, This Is How Some Stick Together No Matter What

Trending in Entrepreneur

1 How to Start a Company from Scratch (A Step-By-Step Guide) 2 15 Best Books for Entrepreneurs to Start Reading Right Now 3 How to Start a Successful Business and Increase Your Profits 4 12 Foolproof Tips for Entrepreneurs to Be Successful in a New Venture 5 How to Start an Online Business That Will Grow and Succeed

Read Next

Advertising
Advertising

Published on December 17, 2018

15 Important Interview Questions to Ask Employees During an Interview

15 Important Interview Questions to Ask Employees During an Interview

The importance of asking great questions cannot be overstated. Great questions help you discover new things, diagnose existing problems, and explore how well solutions are working in your life or business. Whether you work with consultants, executives, or entry-level employees, you cannot skip questions.

Now imagine running a company where sustainability and profitability depends on your ability to determine the brightest minds and skills in the industry in a single conversation:

How do you know they’re the perfect fit for you? How do you assess their communication skills? How do you know they won’t cost your team in the long run?

You know it already; ask great questions!

The concept of asking questions isn’t new but there is a great chance that you’re not taking full advantage of it. A Harvard Business Review article refers to questioning as a powerful tool that unlocks value, fuels innovation and performance improvement.[1] As a hiring manager or recruiter, how to you get this information when you’re meeting a candidate for the first time?

Ask great questions, of course.

Without further ado, here are 15 interview questions to ask employees during an interview:

1. “What are your career goals?”

Another version of this question is “What types of problems do you see yourself solving in the future?”

This question is almost never asked and when it is asked, most questions are geared towards knowing how long the employees intends to stay in the company.

Instead of asking leading questions that would steer employees into declaring undying loyalty for the organization, ask what types of problems they hope to solve in the future.

Advertising

This does two things:

  1. It reveals the skills and interest in your employees.
  2. It lets you know what types of candidates you are attracting in the first place.

With this, you’re able to trend this data to improve how you market your job opening. And if employee retention is pertinent to you, you can use this information to improve the job function so that future employees can see their future selves in this role.

2. “Why do you think you’re a great fit?”

It is important to go beneath the surface to ask questions that make the candidates speak about themselves in their own words. However, a surprising benefit of asking this question is that you’re able to determine how well-versed a candidate really is with the company’s challenges and goals, in addition to their personal attributes.

Instead of listing off accomplishments, an exceptional employee is able to help you see how these previous accomplishment can translate into helping your organization solve its current business problems.

3. “What do you hope to learn from this role?”

The answers to this question can reveal if there is a job-skill match and if a linear career progression is expected.

As you listen carefully and mind these answers from candidates, you begin to see trends in responses that help you refine how you develop roles, responsibilities, how employees see themselves, and what they want their career to look like.

4. “How do you deal with conflict between colleagues?”

Almost every breakdown in relationship is caused by miscommunication or lack of effective interpersonal skills. But a solid indicator of how well a person communicates is how they manage interpersonal conflict.

Conflict management skills is no longer something required only for corporations who wish to settle million-dollar lawsuits. It’s an essential skill that every worker ought to possess and can make or break an organization.

Tip: Ask for a time when they didn’t get along with a co-worker and how they resolved the conflict.

5. “How did you learn about this position?”

Asking how they learned about the position reveals how the brand is perceived by the outside world. This way, you know if your current employees is your biggest source of referrals for qualified applicants.

Advertising

This also lets you know how effective your current staffing processes are and which channels are worth the effort.

6. “Why are you interested in this position?”

Again, another seemingly basic question. But when you field applications from candidates who are transferring their skills from a different department or industry, you want to know why the change was made.

What led to the aha moment? What was the internal struggle like for them? What stands out to them about this particular position? Very important.

7. “What excites you the MOST about this position?”

After establishing how passionate they are about this position, it’s not unusual that you would want to know what tasks and responsibilities excite them most. With this knowledge, not only are you aware of their sense of ownership, you help nurture these skills by encouraging and facilitating the discovery of hidden potential in your employees.

For example, a hospital nurse might detest inserting intravenous catheters in patients but jump at the task of motivating colleagues and initiating stress-reduction activities on hospital units. An office employee might cringe at the thought of public speaking but excel at creating world-class presentations.

While you can’t exempt your employee from every task in the role because they favor one thing over another, you are more aware of how rich your existing talent pool is in your organization and can utilize your talents effectively.

8. “What do you consider your weakness?”

Why should you ask a candidate what his or her weakness is when all you want is someone perfect?

Admitting a weakness shouldn’t automatically disqualify a candidate. Rather, it reveals to you how self-aware the candidate is.

Self-awareness is essential to personal and professional development, and this is sometimes a precursor to how self-directed a person is regarding their career goals.

There are arguments about the need to abolish the weakness question from interviews because it reduces candidates’ accomplishments. I disagree.

Advertising

Asking employees about weaknesses lets you understand your employees better so you can not only create a work environment that is smart, you’re able to design professional development programs that can strengthen these weaknesses.

9. “What will you find challenging about this position?”

Maybe you don’t want to ask the ”weakness question.” Maybe you’re more concerned about the capacity to perform in the current job rather than their job history.

Still, you want to know if you have a creative problem solver and how they feel about potential problems when they arise. You also want to anticipate how your employees will adjust to their roles once they are successfully hired. Self-awareness about one’s ability and limits can be observed by asking this question during an interview.

Note: This question should never be asked with a malicious intent. Exceptional employees come with flaws and this should be expected. They key is knowing whether the successful candidate is willing to be a problem solver.

10. “What additional support will you need during your transition?”

This is a very important question during the interview question because not only is the labor market diverse, the response to this question can be used to develop the orientation process and additional training materials.

As a mentor to newer nurses, this is a question I repeat more than 50 percent of the time during the orientation period. The responses I get provide me with insights into what employees really consider as constraints so that I can make their transition as smooth as possible.

11. “What qualities do you desire in a leader or manager?”

Not everyone desires a manager who provides direction while giving you free rein to make your job your own. At the same time, some employees might prefer a manager who is detail-oriented and provides all the answers.

Knowing this before a candidate is hired can prevent conflict arising from differences in communication or management styles.

12. “What do you do if you don’t agree with your manager’s decisions?”

Conflict not only happens between employees. According to a study of conflict in the Canadian workforce,[2] about 81 percent of people leave the organization as a result of conflict.

The purpose of this question is to determine how adaptable an employee is to different communication styles, what they consider deal breakers, and how they model desired behavior when conflict arises.

Advertising

The responses to this question allows you to manage expectations and an indication for leaders to continuously work on their communication and conflict management skills.

13. “What would make this company an amazing place to work?”

Maybe you can’t provide free lunches or paid hours of free time at work like bigger companies. But answers to this question can reveal a lot about what employees think is crucial to well-being.

In a study of nearly 17,000 employees,[3] it was noted that an increase in stress level is directly correlated to workplace injury. While this interview won’t eradicate organizational constraints or stressors, feedback from candidates and employees on what makes a company a great place to work is the perfect place to start.

14. “What other questions do you have for me?”

Although this is a conversation to determine the best fit for your team, company, or organization, the interview goes both ways. Yes, you are also being scrutinized by your interviewee.

The purpose of this question is to create space to answer the candidate’s questions about your organization. You also get to provide insight on processes, expectations, team culture, and information that isn’t readily available on the company website.

15. “Tell me about yourself”

If everything else seems too much, lead with this timeless question. You simply cannot go wrong here.

Sometimes, the best answers come from open-ended queries. This is your best chance to know the candidate’s history, career accomplishments, and get a feel for their career goals all at the same time.

It is less intrusive and leading with this question makes it easier to approach other questions––depending on how sensitive the position is.

The Bottom Line

Conversation is a two-way street. Good questions can give you great insights into the value an employee can bring to your company. But there is an art and science to asking questions.

While you won’t become an expert right off the bat, these questions provide a good foundation to start from if you want to attract and retain top talent in your organization.

More Resources About Job Interview

Featured photo credit: Drew Beamer via unsplash.com

Reference

Read Next