Small businesses often neglect to look at the vital issue of People Management - even though people are one of their greatest and most expensive assets. This presentation gives small businesses a starting point to look into this area of managing their businesses successfully.
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Importance of People management in Small Businesses
1.
2. 270
Large companies in Australia employ
2,000,000+
Small businesses employ the other
50%
Of the Private Sector labour force
Data sourced from Australian Human Resources Institute
Of the Private Sector labour force
3.
4. The Rate of Failure of Small Businesses in
Australia is Staggering
5. Insolvency in Small Businesses keep
increasing
1,123
1,095
Data sourced from Australian Bureau of Statistics
6. Two Big Reasons Are
1.Poor cash management
2.Poor Marketing
Image Credit: Winners & Losers in Retail by Peter Evans-Greenwood @ flickr.com under CC/BY modified by cropping the original
7. There is a third silent assassin
POOR PEOPLE MANAGEMENT
Image Credit: Local 12103 on Strike @ flickr.com under CC/BY
9. People bring uniqueness to their jobs
by combining
EXPERTISE AND PASSION
Image credit: worker cutting metal pipe by marin and doctor woman by Luigi Diamanti/freedigitalphotos.net
11. Small Businesses have to deal with the same
challenges as their Big Corporate Brothers
HIRING
EVER
CHANGING
LEGAL
ISSUES
PAYING
MARKET
RATES
TRAINING
MANAGING
STAFF
29. What matters most are
COMMUNICATION,
UNDERSTANDING,
ENCOURAGEMENT,
INTEGRITY,
RESPECT and
FAIRNESS.
Slowly these help build a
PERFORMANCE CULTURE
Image credit: Stuart Miles/freedigitalphotos.net