Tips and Resources for Effective Small Business Management

If you’re running a small business, you’re far from alone. There are over 2.5 million actively trading businesses in Australia as of June 2022, with small businesses accounting for 97.5% of all businesses. Unfortunately, the survival rate for small businesses can be low, with only half surviving their first five years. Effective business management is critical to the longevity of your operation. To help you not only survive but thrive in the competitive world of business, we’ve put together a quick guide packed with small business best practices.

Business Planning and Growth

Whether you’re just starting your small business or looking to scale, these tips can help you stay organized, focused, and prepared for whatever challenges come your way.

Marketing and Branding

Good marketing and branding practices are crucial for small businesses to reach their target audience and stand out in a crowded marketplace.

Human Resources and Company Culture

Your small business relies on your employees to help you succeed. This is why it’s important to foster a positive company culture and offer employee benefits.

Managing a small business effectively requires a combination of strategic planning, marketing, and human resources. From optimizing your website’s content and structure to offering employee benefits to keep your talent happy, implementing the best practices outlined in this guide will set your small business up for success!

Are you ready to advance your management skills? Check out e-Training Manuals for a range of helpful e-books on a variety of topics, from improving customer service to writing job descriptions.