Many successful small businesses reach a stage in their evolution where everything starts to click, and it becomes apparent that the business has the potential to grow at a much faster pace. Once you define an inspirational vision of where the company is going and set the standards for how your company acts, you can hire additional talented and passionate employees to help drive your business to the next level. Empowering employees to take initiative with decisions and to dream up new ideas, processes, and solutions will help the company grow from within.
A vision statement describes where you want your company to be in five to 10 years. It should provide inspiration, excitement, and motivation in a short, easily understood concept free from corporate speak and buzzwords.
Standards are the rules and guidelines that define and describe how your company acts. If they are aligned with your mission, business objectives, and organizational leadership, and implemented consistently across your enterprise, standards can create confidence and trust among your customers and employees.
You need talented and passionate employees on board to help you drive your business to the next level. Skills and experience are important factors, but you also want to make sure hires fit in with your company culture and possess additional capabilities – both tangible and intangible – that allow them to grow beyond the basic job responsibilities.
Encouraging employees to take initiative and giving them the authority to make decisions on their own can help them develop into leaders who will keep your business moving forward. Benefits to your firm include improved productivity, increased customer satisfaction, and out-of-the-box ideas that may stimulate company growth in unexpected ways.