How to Run Your Small Business like A Fortune 500 Company

run your small business

Just because you’re a small business doesn’t mean that you can’t run your company in a professional manner. Even the smallest of mom and pop companies aspire to operate in a manner that’s similar to how large corporations do business. If you want to take your company to the next level, then follow these tips on how you can run your small business like a Fortune 500 company.

Stop Doing Deals off The Books

If you pay your employees in cash or personal checks after calculating their hours and just figuring out what they’re owed, it’s time to knock that off immediately. Not only does this sort of behavior set you up to be in serious trouble with the IRS, but also just plain unprofessional. Instead, you should use time keeping software and transition to a formal payroll system.

Update Your Website

If your company’s website looks like it was made in the 1990s, then it’s time for a major makeover. Get rid of the jumbo “click here” buttons and animated images and swap them out for a sleek and modern design. Remember, people make most of their buying choices based on online research. This is why a proper working website is imperative.

Always Be Professional

Small and local businesses can often find themselves having a very relaxed and casual business atmosphere. While a relaxed and casual atmosphere is good, you should always aspire to maintain a level of professionalism, both with your clients and your employees. If you want to be treated like a serious company, then you have to act like one.

Market and Advertise

Many small businesses depend on word-of-mouth as their primary form of advertising. This is acceptable if you’re running a small company as a hobby, but if your business is your main pursuit, then you have to take marketing and advertising seriously. It’s difficult to become a successful business if you don’t have any customers and to attract customers, you have to get your name out there.

If you follow these tips, you can run your small business like a big corporation.


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