Telling the truth about SME life today

Not sure whether your firm is a healthy one Heres how to keep the corporate doctor at bay

(4) Engaged staff

Fostering enviable company culture is achievable in a few steps, and once youve got a handle on it staff turnover will decrease and word of mouth praise will spread. The miracle solution Employees need to feel like they really matter. They arent just people filling tasks, they are the culture, systems, ethics and language of your company.

From the top to the bottom, people need to communicate and they need to feel respected a clear-cut sign that your business is in good health.

More importantly, the journey towards true engagement is ongoing, so leaders need to provide the tools employees need to get there as it will give them a powerful reason to stay and work to the best of their ability.

(5) Varied clients

While it doesnt hurt to have that one major client on-board that can wow others when you bring it up in a conversation, what happens when you suddenly find yourself sans said client

As such, you will want to see a client list that includes consistent, new clients coming in, combined with repeat clients. That way, if there is ever a drop-off in one aspect of clientele there will still be enough clients to sustain the business through the downturn.

Its a bad sign if all the clients for a company comes from one single segment so spend your time proactively spreading your risk by diversifying. Also ensure you dont fall hostage to currency fluctuations by focusing on one specific part of the globe.

(6) Technology that isnt outdated

From your PCs to the office printers, your technology is fundamental for virtually every aspect of your day-to-day operations. So it wouldnt hurt to stay up-to-date, not necessarily with the latest trends, but to ensure your business doesnt crash because your system can’t handle a certain amount of users or because your computers were just plain old.

Regularly review your IT systems and ensure youve got a handle on cyber security.

Furthermore, groundbreaking technologies are being developed almost every day, and it would surprise you how affordable most can be.

(7) Caring work environment

Thriving companies have employees who enjoy going to work each day, and those employees feel as if they are making an impact with their contributions to the company.

If you want to know if your employees are satisfied, ask questions, get feedback and remember to implement some of their ideas.

The bottom line is that your team must believe in the mission and goals of your company. An employee who gets discouraged and loses faith essentially gains the will to move on. Meanwhile, employees who feel valued and appreciated by their leaders are infinitely more likely to go above and beyond for the business.

The health of workers is just as important though. In fact, some 34 per cent of Britains workers are frustrated with employers and have pointed fingers at businesses for adding to the risk of obesity among employees, according to findings from Willis PMI Group.

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