SME checklist – 10 things you need to do in July 2015


If you’re in hospitality or beauty, July will be very busy. If your business quietens down in the summer, here are 10 ways to make the month more productive:

  1. Implement a holiday plan

Do you have enough cover for your staff leave? Do you need to delegate or recruit temporary staff? Being realistic about the demands on your business when you may have fewer members of staff will avoid any surprises.

  1. Register for Small Business Saturday updates

While the event itself is not until Saturday, December 5, events are taking place all July, all over the UK, in the run-up and you can register for updates now.

  1. Check new pension rules

Have you/will you make the deadline by when you must have started enrolling your staff in a workplace pension? If, for example, you have 30 to 49 members of staff, you’ve got until October 1. Find out more here.

  1. Plan ahead

Do you have any spare cash for advertising? What gaps in your business still need to be addressed? Are there any courses you can enrol on while you have time? Do you need a recruitment plan? Are your business forecasts up-to-date? See this (potentially) quieter period as an opportunity to get your business housekeeping in order.

  1. Research funding

You may be able to apply for funding for your small business. NHS-funded SBRI Healthcare, for example, will award £1 million for ideas to some of the UK companies that work with older people: registration closes August 11. For information on other business finance support, click here.

  1. And when all that is done …. reset your body clock

Bright mornings call for better starts and there’s nothing more refreshing than shaking up your old routine. Go for a swim before work, a run around the park or just breakfast in the garden. Allowing employees to go home early to enjoy the odd summer evening won’t hurt and may help staff morale.

  1. Go on holiday

Research published by business software provider Sage last year found that more than 30% of UK small business owners didn’t have a summer holiday. Holidays are crucial for energy and relationships, both inside and outside of work. Realistically, no-one functions at their best without a break. Don’t be the person not taking one.

  1. Book longer (lunch) meetings

Take advantage of the more sociable mood. After months of being desk-chained, suddenly everybody wants to get outside and actually meet people (especially if there’s an al fresco lunch to be had.) So if there’s a client or supplier that’s been sticking on an issue, now’s the time to talk it out. Book on an extra half hour for those important conversations and take the meeting outside your favourite restaurant.

  1. Set new goals

Now we’re half way through the year, it could be time to re-evaluate your working day. Start each week compiling a list of achievable daily goals to put in your diary with the overall aim of improving productivity and working practices at your business.

  1. Challenge yourself

Sign up for a podcast, read a new business book from cover-to-cover or look for a mentor. According to the Guardian, mentors are key to business success.

 

What are your plans for July? Comment below or tweet us.

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