As a small business professional – amateur or veteran – you have many questions. In every blog post, we strive to answer those questions for you – from technology to finance, we are happy to be a source of information for you each and every day.
So, we decided to round up the most visited posts of the quarter, just in case you missed them the first time around! Read the full entry
Whether you’re using a lead generation service like Business.com or generating them with your own marketing efforts, it’s imperative that you are focusing on conversion best practices. Contacting a lead in 5 minutes versus 10 minutes increases rates by 900% – 5 minutes can make all the difference in your success – and that’s not all.
Not only does timing matter, but the effort you put forth can be a significant factor; while 68% of leads are contacted only once, you can get a 90% conversion rate after making 6 calls. Better yet – be the first one to call and get 325% more leads! Read the full entry
And that means better content segmentation and improved photo design, optimized for the user. It’s all about what they want to see, and who they want to connect with.
“So you take all these stories, you put them together, and what do you get? A richer, simpler and more beautiful news feed…” – Julie Zhuo, Facebook’s Design Manager Read the full entry
Unless you’ve sworn off the internet, you’ve likely seen the viral Harlem Shake videos. Offices across the country dressed in their craziest outfits busting their craziest moves made this a social media hit. And we just couldn’t resist having a little fun ourselves. Check us out! http://bit.ly/15m8y63
Layoffs are hurtful to everyone involved. Dedicated employees lose their jobs and employers have to let go of people they respect.
For a small business layoffs can be tragic, yet it may often seem necessary to keep a realistic budget. “For most small businesses, personnel-related costs are among the most significant, and with sales remaining flat at many businesses, it’s tempting to look to layoffs as a way to cut costs,” according to comments from Bankrate.com.
With mass layoffs falling in 2010 from the year before, The Bureau of Labor Statistics reports that they were still common throughout every industry. In 2010 there were 7,247 company layoffs. The fourth quarter alone ended in the termination of 295,571 employees.
With layoff numbers still lingering at an alarmingly high rate, small businesses have begun to look at various other options.
Although layoffs can bring costs down in the immediate moment, the price of rehiring when the economy inevitably comes back are overseen. The cost to hire and train is, in itself, enough to find a better solution.
Include Employees in Layoff Alternatives
Many small businesses become a family, and companies have been cutting every possible cost before pink slipping a valued employee. The benefit of a smaller business is that there are various ways you can keep layoffs at bay, and still keep invaluable workers:
- Be honest with your employees. Share with them the reality of the business’s financial burdens. Employees will often work harder when they can see the black and white bottom line.
- Present your employees with alternatives to layoffs. This is a creative way to keep your important employees and ease nervous tension within the group. SEI Industries faced possible layoffs, but allowed their employees to vote on how to avoid this. As a group, they decided to go down to a four day work week. Everyone was able to keep their job, and cut costs at the same time, according to Avoiding Small Business Layoffs.
- Involve your employees in brainstorming more creative resolutions to layoffs. Allowing people that you trust present valid ideas for cutting costs can keep morale high within the office, and bring more solutions to the table.
- As the CEO of your business, consider asking yourself and upper management to take a pay cut, or forgo bonuses. If only temporarily, this can keep the business afloat for a short period. Small businesses can often make it through the rain with temporary payroll cuts that are reinstated as financials get back on track.
The key to avoiding layoffs within your small business is to think about the future.
Finding ways to keep employees will not only benefit them, but the business as well. Trusting longtime employees to assist in coming up with other solutions will add value to their position, and avoid costly rehires down the line.
Take advantage of being a small business. Your trusted employees are a priceless, untapped resource of ideas and solutions.
Photo credit: seekingalpha.com