How does The BizMill work?
Let’s take a look at some typical stages of a business.
LAUNCH – key players enter the stage
GROWTH – the business takes on a life if its own, all resources being managed
SHAKEOUT – as sales begin to level out, your team begins to seek more development
MATURITY – The business does not require strategic direction but seeks an exit or the key players look to reinvent or reposition by investing again. Along with this strategy comes new challenges and we are back at the launch stage again!
Launching a Business
When launching a business, there are typically human resources requirements.
1. Answer the phone
2. Respond to emails
3. Make calls
4. Attend sales appointments
5. Deliver the service
6. Process invoices
7. Manage the finances
8. Etc, etc
As the business grows, are the people employed, the right people to take the business to the next stage?
1. The person answering the phone, is their job the same, will they now be a part of a team, will they need to report to somebody, or at the Launch stage, did the business anticipate the growth and take on a team of people qualified to deal with whatever the future held?
2. The people responding to emails, as above, when recruited, was the business aware of how the role would change as growth occurred?
It would not be amiss to say that nobody has a crystal ball and nobody knows what the future holds – if you did know, you would end up paying a higher salary to somebody at launch even though you would not be making use of their services until you reached the growth stage or indeed, when your business matured.
The BizMill works on the same principle as any modern business, the right people for the right job at the right stage of the business cycle.
You wouldn’t be expected to hire a full suite of directors, like a Marketing Director, a Sales Director or an IT Director if you had not sold a single item or service, so why should you take out a lease on a property, hire staff and increase your outgoings before you have even received any revenue?
As in all things, you most likely need different skill sets, different resources and different aspects at different stages of the business cycle.
HQ(UK) and its onshore and offshore resources work with The BizMill and excel at setting up a business by taking an idea and shaping it into a viable proposition, you could say HQ(UK) can incubate or hatch an idea, using staff directly employed by the business located in company owned offices operated by HQHUBS.
This is equivalent to your first set of hires.
As the business grows, normally, you would have to hire more people, train and upskill existing staff or hire and fire until you have the right mix.
With The BizMill, we just move you onto the next stage.
- This transition is seamless
- The people have changed
- The right skill set is there for you to grow
- No redundancies
- No recruitment costs
- No headaches
These more specialist people operate within managed departments headed by an experienced Director, expert in their respective fields.
These departments operate from nearby affiliated locations provided by e.g. TSZHUBS.
Not only do you have a ready-made department managed by an expert, you do not have the costs associated with housing them.
As your business scales, you will need more in-depth personnel with an acute knowledge of the business you are in and you may also be considering an exit strategy. You may be looking for a national presence and a Board of Directors.
The BizMill has office locations nationwide through 247HUBS and access to a Board of Directors!
Exit strategy, mergers, acquisitions, to name a few could be something you thought about at the onset as many businesses do, again The BizMill through HQ(UK) has access to Angel Investors, Private Equity Groups and Finance Houses especially for this reason.
HQ(UK) also has capital raising and licensing opportunities that can be adapted to suit any relevant business, taking care of documentation and recruitment – The BizMill can help you sketch out your true business value at any stage of your business cycle.
Investors and lenders work closely with The BizMill as they can see the curated opportunity – we are not reinventing the wheel every single time, we are just lowering the risk to improve the chances of success.
One size does not fit all, although The BizMill uses systems and processes to break down every component to run a successful business, we also know you cannot expect your human resources to expand and contract with your business, unless you take advantage of The BizMill platform.
With The BizMill, continuity is key, for example, not retaining staff that are either under or overqualified for the role they are taking on.