Monthly Archives: September 2020

Hot Business News Today

What’s the right way to go about advertising jobs for my small business?

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Originally written by Anna Jordan on Small Business
Business owners will find themselves in this place at some time or another. They have a job position to fill and they know just the person for it – but they feel like it’s worth advertising jobs anyway. Is it even necessary?
With the help of Kate Palmer, associate director of HR Advisory at Peninsula, We take a closer look.
Internal recruiting vs advertising jobs
For fairness’ sake, it’s best to advertise, shortlist and interview for every role available within your business.
This ensures everyone is given a chance as well as ensuring your decision is the best one that you can make in the circumstances and is demonstrably fair.
Though it is up to you if you choose to advertise. Simplistically speaking, you are not required to advertise a role and are free to appoint someone internally in the new role.
However, while no legislation exists to demand this is done, there are some risks to not advertising.
You could leave yourself open to a discrimination claim from someone both internally and externally, should they find out about the post and the lack of opportunity to apply.
If so, you should consider any application from them to avoid a grievance

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Hot Business News Today

5 winning traits 5 top entrepreneurs all have in common

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Originally written by Tony Robinson on Small Business
For the last 34 years I have been starting and running my own businesses. Throughout this time I have been lucky to learn from hundreds of entrepreneurs, some famous, about what helps a new business to survive and thrive.
These tips are rarely included in books or talks on entrepreneurship because successful business owners just regard them as normal everyday activities. All successful entrepreneurs I have met work extremely hard and love what they do but their hard work is rarely glamorous, risk taking or disruptive.
Growth is not exponential, ups and downs are guaranteed, and businesses often scale up not by increased productivity but by the entrepreneur exploiting a new opportunity, contract or acquisition.
>See also: Small business marketing 101, all the latest tips in 2020
Maverick start-ups that are investor led most often do not survive the first three years whereas four out of five start-ups that obey my five rules will survive three years.
5 rules to survive your first 5 years

Bootstrap don’t borrow (until you’ve got customers)
Test trade first
Build multiple income streams
Ask for help from a business owner who understands your customers
Enjoy what you do

Professional speakers may not see these activities as exciting enough

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