4 Things to Consider While Nurturing Your Small Business Culture

For many entrepreneurs, the most exciting thing about starting a new business is the opportunity to nurture a small business culture. Obviously, you want your business to be successful and to make a lot of money, but by starting your own business, you have the opportunity to create the kind of company you've always wanted to work in.

According to USA Today, companies with a great culture can help their recruiting efforts, increase employee loyalty and be more financially successful. However creating a small business culture is an ongoing process. It is the sum result of several small decisions. How you make those decisions determines the culture your company will have.

Here are four things to consider while nurturing your small business culture:
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1. Top Down vs Collaborative Culture: Do you want to make all the decisions yourself and ensure your employees follow them to the letter, or do you want decision-making to be a collaborative effort among the staff?
2. Encouragement: Consider how you want to motivate your employees. Do you have a system in place to recognize and reward innovation? Should employees have the leeway to develop their own initiatives?
3. Discipline: What type of system do you have in place to penalize mistakes and negligence?
4. Delegating Authority: How much authority should your individual employees have? Should they have to check with you before making decisions, or can they be trusted to make decisions on their own.

One of the best things you can do for you small business culture is to reduce stress. On small teams stress from one person can ripple through the whole team, creating tension. If you are feeling overwhelmed, it may be time to consider outsourcing your bookkeeping and payroll, and we can help!