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.

Advertising

Featured photo credit: Wikipedia via upload.wikimedia.org

More by this author

Nabin Paudyal

Co-Founder, Siplikan Media Group

Here’s Why Writing Down Your Goals Really Does Work Think Positive Mantras Help a Lot? Try Value Affirmation Instead 20 Healthy Spaghetti Squash Recipes For Delicious Comfort Food Benefits of Sauna: 8 Ways It Makes You Healthier and Happier 25 Websites Other Than Social Media To Upgrade Your Life

Trending in Entrepreneur

1 10 Simple Yet Powerful Business Goals to Set This Year 2 13 Characteristics of Highly Successful Entrepreneurs 3 How to Start Working for Yourself and Become Your Own Boss 4 Top 5 Easy-to-Use Accounting Software for Small Businesses 5 10 Best Success Books You Need to Read to Be Great at Business

Read Next

Advertising
Advertising
Advertising

Last Updated on May 23, 2021

10 Best Free Job Apps You Need For Effective Job Hunting

10 Best Free Job Apps You Need For Effective Job Hunting

Seeking for the right job but not sure how to do it in a more effective way?

Try job search apps!

To make the job hunting process easier, I’m recommending 10 best job apps that can help you look for the right match anywhere at any time. The best of all? They’re all free!

1. jobandtalent

jobandtalent

    Great for browsing new jobs as you commute home via subway, bus or carpool, the jobandtalent app is like a Pinterest for job seekers.

    Easily browse, save and revisit job postings from your smartphone and receive notifications about jobs that match your professional qualifications.

    Download it for iOS and Android.

    Advertising

    2. Jobr

    jobr

      This job hunting app is unique in that it lets you anonymously browse job listings based on your professional resume. If a company that you like also shows an interest in you, the app let’s you chat directly with a company rep. Great for getting your foot in the door and making a memorable impression.

      Download it for iOS.

      3. Monster Job Search

      monster job search

        I’m a big fan of Monster. It’s one of the first job sites employers think of when they want to list a new position online. The Monster Job Search app functions pretty similarly to the normal website, so it’s very easy to use for not-so-tech-savvy job hunters.

        Download it for iOS and Android.

        4. Jobs and Career Search

        Advertising

        job and career search

          This is a good, simple app for browsing global locations for your next job. With a job index of more than 50,000 jobs listed globally, this app is a good choice if you are moving to a new area and want to line a new job up quickly.

          Download it for iOS.

          5. Hyper Networking Groups

          hyper networking groups

            This job hunting app isn’t so much a job hunting app as it is a connections hunting app. It’s great for learning who’s who in your desired field and forming connections. It also shows you how you and your industry connections are connected via your social networks, so you can follow up with them on your other social sites.

            Download it for iOS.

            6. CardDrop

            CardDrop

              CardDrop is an awesome job hunting app that let’s you digitally drop and pick up virtual business cards. This app is great for helping you make new connections at seminars, interviews, meetings and conferences. You can also attach social media profiles to the cards you pick up or send to enable easier connecting on social networks.

              Advertising

              Download it for Android and iOS.

              7. Job Interview Questions

              interview questions both

                Okay, so this app looks kind of outdated, but it’s super useful for getting you into the swing of answering any kind of interview question that is thrown your way. The big benefit of using this app is that it explains to you what your interviewers motivations might be for asking you a specific kind of question. Learn what your interviewer is looking for in your answers and be more prepared for the real interview when the time comes.

                Download it for Android.

                8. 101 Interview Questions and Answers

                101 both

                  This app is great because it provides guidance about the kinds of answers you should give for each kind of question. Think of it as an essay rubric but for job interview questions.

                  Download it for Android.

                  Advertising

                  9. Job Interview Question-Answer

                  q and a

                    Feeling confident with your text-answered interview questions but concerned about doing the face-to-face interview? This app prepares you for interacting with your interviewer by simulating an employer asking you questions.

                    You can record your response and see what you look like to the interviewer to understand what movements, vocal pauses, etc. you need to work on.

                    Download this app for iOS and Android.

                    10. HireVue

                    hirevue

                      HireVue is a great job hunting app for those times when your interviewer wants to get some preliminary questions out of the way.

                      When an interested employer wants to interview you, they send you a request via HireVue and you can answer it in your free time, when you’re ready. Your interview might consist of a some FaceTime, some multiple choice questions or open-ended text answers and can be completed and sent to the interviewer when you’re finish.

                      Advertising

                      Download it for Android and iOS.

                      Featured photo credit: Yura Fresh via unsplash.com

                      Read Next