Starting a business is a dream come true for many the world over. It sets us on the path to financial freedom, it gives us independence, it makes us go after our passions, and it gives us a degree of control over our own lives. Business success stories are fairy tales in the adult world.
For many, it remains a dream, but some take the step forward and chase it. However, starting a company is not the hard part. 90% of businesses fail almost immediately they start. This means that out of every 10, 9 companies will not make it to success.
Among other important factors to consider, creating the right positions in a small company is important. Here is a list to help you choose the right people to help you achieve your goals.
1. Product Manager
Their role is to organize teams and coordinate personnel in the business to make the product successful. As a result, they have a deeper technical knowledge of the product than the average employee in the company.
They also often, but not always, have more experience in that particular field.
A marketer will identify and target potential customers for the company. They will have a way of communicating the product or service to the world outside the walls of the organization. Although all the employees help in one way or another to market the product, an expert is responsible for it.
Accountants will help to keep track of important aspects of the business such as sales and expenses. They will compute profits and losses to help generate forecasts and monitor trends. In addition, a small business accountant will give advice on crucial pillars such as the structure of the business and how to go about taxes.
They will manage cash flow to help grow the company.
4. Human Resource Manager
Their area of expertise is finding the right kind of employee, specific to the tasks at hand. Employees are almost the backbone of every organization. Therefore, hiring the right person for the job is paramount.
Human resource managers also help to address employee grievances. Disgruntled employees cost companies in the united states up to $550 billion every year, pointing out the need for HR.
Although it is rare to find a startup with a human resource department, professionals have to come in at one point to help manage the growing number of employees.
5. Sales Representative
Without selling, a business does not exist. To save yourself the time and effort of convincing potential customers to buy from your company, hire a sales representative.
They are the driving force behind any business. A well-constituted sales team, in coordination with a well-constituted marketing team, will propel any business success.
Sales representatives help to expand distribution channels, come up with the best prices for the products and help to come up with strategies for future planning purposes.
Careful Picking of Positions in a Small Company Will Provides the Necessary Structure to Successfully Grow It
Among many other factors, choosing the right people to start your business and carefully defining their roles is important for any business. From the CEO to the sweeper, they have an important role in the organization.
Ensure you hire all of these positions in a small company.
Feel free to contact us or check out our page for more insights and tips on starting up and growing your small business.