When you’re caught up in the big picture of building your business, it can be easy to lose sight of seemingly smaller operational details. However, there’s a lot more to growing a successful business than a master plan to increase sales or expand locations.
As you work to grow your business it becomes more important than ever to make sure you have a keen eye on the two things that allow you to keep your business’ doors open in the first place: well-managed finances, and the health and happiness of your employees.
Although managing your cash flow is a big concern when you first start your business, as your business grows and your financial obligations expand, you have to pay even more attention to when money goes out and when money comes in.
You also need to stay on top of money management-related expenses and consider what investment opportunities can make your business’ cash-based assets work for you. For instance, if you continually deposit money into a business bank account that charges high fees but bears little interest, you’re needlessly eating into your business’ profitability.
Similarly, while simply hiring more employees to get more work done in your business may seem like a sure path to growth and increased profits, run-away HR costs related to absenteeism and high turnover can quickly spiral out of control.
Because people spend such a significant portion of their waking days at work, it’s important to foster a healthy workplace environment that promotes personal wellness. Doing so will help keep your employees engaged, healthy and happy, and that will save you money on recruitment and lost productivity over the long term.
Want to learn more about how you can grow your business by improving the health of your business’ finances and promoting employee wellness? Check out these free upcoming Small Business BC seminars:
Fit Wellness into Your Workplace
Tuesday, April 30, 2013 (9:00 – 10:30am)
Making the Most of Your Money: Small Business Banking Strategies
Monday, May 6, 2013 (1:00 – 2:30pm)
More Upcoming Free Seminars
In addition to the two seminars above, Small Business BC will also offer the following free seminars in May:
Doing Business with the Government of Canada – 3 Day Series
Thursday, May 2 – Thursday, May 16, 2013
Are you interested in doing business with the Government of Canada? This comprehensive three day seminar will guide you through the various aspects of doing business with the federal government.
SAGE 50 Accounting – Canadian Edition Series – Growing Your Business
Tuesday, May 7, 2013 (10:00am – 12:30pm)
This seminar will teach you how to do more with your accounting software as your business grows. Focussing largely on businesses with more than one employee, you will learn how to use Sage 50 to manage your payroll, employee benefits and vacation.
Growing Your Business With Email and Engagement Marketing
Thursday, May 9, 2013 (1:00 – 3:00pm)
Is your company ready to enter the realm of email and social media marketing? Learn how to build your online presence and engage your audience with highly effective email and social media marketing.
Profit with a Purpose: Blending Social & Financial Values
Tuesday, May 14, 2013 (1:00 – 3:00pm)
People. Planet. Profit. Awareness is building around social enterprise as more businesses recognize that success can mean much more than profitability. Attend this seminar and learn how you can start to blend social and financial values into your business strategy.
To view the complete listings of Small Business BC’s summer seminar catalogue, please visit www.smallbusinesbc.ca/seminars.