If you are in the market for a small business for sale, you will obviously have a lot to think about regarding your new venture. While the majority of SMEs function perfectly well as a one-person operation, in 2012-13 the Treasury Department found that over 750,000 Australian businesses employ between anywhere from one to twenty people.
If you think it's likely you will fall into this category, one of your first concerns is going to be attracting and hiring the right staff. When you've never been in this position before it can seem like a daunting prospect, but there are a few sure-fire techniques for finding the perfect people.
Finding the right people for your new business can be an exciting task.
Before you get to the point of advertising and find yourself buried under an onslaught of inquiries and CVs, it's important to have a clear idea of precisely what you need out of a candidate. Breaking down any potential new roles for employees can help you to devise a hiring strategy, and narrow people down based on their skills and experience at the interview stage.
If you're just starting a business, your company culture may not have had the time to evolve yet, so those crucial first hires might have a big role in shaping the business in the future. Training and experience is valuable, but personality can also go a long way.
Training and experience is valuable, but personality can also go a long way.
While in the past there were limited outlets where you could advertise your vacant roles, nowadays there is no shortage of ways to get the word out there. Traditional newspaper advertising has more or less been supplanted by dedicated job classified websites, but career-based social media networks such as LinkedIn can also be a good place to track down some potential candidates.
Another business decision you might have made early on was whether to develop your own online presence for your SME. It's an increasingly important part of business ownership, and should you opt for building a company website it can also be a good way to advertise any job openings. Placing a banner ad on your site announcing that you are looking for new people to join the business is an easy and effective way of attracting applicants.
Whether you're starting a business from scratch or taking over an existing franchise, knowing how to find the right people to accompany you on your journey can make a huge difference.