Getting On With Business
Uncertainties in business are ever present, necessitating the advise of a good business advisor like a performance accountant
. Interest rates, overseas markets and international economic conditions all fluctuate. All have an impact on your business whether your own business is focused on export or domestic markets.
How do you factor all of this into getting on with business right here right now?
First Thing You Can Get Out of a Good Performance Accountant
Leadership
Leadership is crucial. Business leaders should be articulating plans and strategies that clearly communicate the aims and aspirations of the business to all team members.
Second Thing You Can Get Out of a Good Performance Accountant
Planning
Planning is equally important. Emphasis should also be given to planning an 'implementation strategy' of the plan itself. It is a good idea to include the whole team in the planning process, because these are the people who are more likely to accurately answer key questions that need to be asked as part of a planning process:
Do we have enough equipment to fulfil the plan?
Do we have the right people?
Have the people been appropriately trained?
Is the plan realistic? Can it be funded or do we need to raise capital or make an application to the bank for additional funding?
Third Thing You Can Get Out of a Good Performance Accountant
Communication
Communication is critical to the planning process. Management should ensure that all team members understand, not only what is being planned, but more importantly, why. This highlights the necessity for great communication:
What is the goal?
How are we going to progress towards the goal?
Why are we doing this?
This type of information will help maintain an organisation's alignment, in that all team members will know what the vision is and, more importantly, all have had input to determining what their role is in implementing the vision.
It is no use sitting back waiting to see how events, over which you have very little control, are going to unfold. What most businesses need to be doing is involving all of their team in the planning process. Have the entire team getting on with business, and ask for help and direction from a good performance accountant.
Implementing Best Practice in Human Resource
It is challenging to employ outstanding staff and retain them, but a competent Auckland accountant would help you deal with the process better. Staff selection is expensive and time-consuming but if you get it wrong it's infinitely more so and you won't have much to show for it except the headache and the mess poor choices leave behind them.
A Competent Auckland Accountant Can Help You Review Policies Properly
Now is a good time to review your human resources policies. Successful business operators articulate the vision that they have for the business to their team members. This involves communication and leadership from the employer so as to encourage teamwork. It is people who create the difference and give a business a competitive edge! The better your team are trained, motivated and rewarded (in most situations), the better your organisation will perform. Thankfully, your Auckland accountant can help you manage this particular step effectively.
A Competent Auckland Accountant Can Help You Review Systems Properly
All businesses operate in a highly competitive environment. The ongoing investment in people is a crucial key characteristic of a successful business. As part of the planning process, now is a good time to review the systems (with your Auckland accountant) that have been implemented relating to:
job rotation
formal training and development of team members
induction of new team members
professional development
team appraisals
constructive feedback
listening to team members
flexible working hours and
ensuring that there is some fun in the work place
A Competent Auckland Accountant Can Organize Your Documentation Properly
In addition, it's important to make sure all human resources documentation is in order. Changes to employment law have made requirements for employment documentation more exacting. Employer advice organisations such as Employers Assistance can help you assess whether your records meet requirements.
If you would like some assistance with the implementation of team appraisals, team inductions or other aspects of your human resources strategies, please do not hesitate to your Auckland Accountant.
by: Jamie McKean
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