Managing a Small Business A business is only as good as the people in it. Therefore, to effectively manage your business, you must take the time to find and hire the right employees. Staffing is of critical importance to businesses of all shapes and sizes.
All firms take the same risk in hiring a new employee.
However, the smaller the firm, the less it is able to afford the time and costs involved in hiring and then firing, the wrong employee. Bigger companies have developed effective hiring techniques and procedures to lessen this risk. If you, the owner-manager of a small to medium firm, are going to effectively manage your operation, you too must apply some of these staffing techniques. Setting Personnel Policies First of all, know yourself. Know what business you are in.