Hiring staff for your small business requires some research and planning.
Wages, tax and national insurance should be calculated in a financial forecast and set against your business plan to ensure your business profits will cover the expense of a wage bill.
Acas has some excellent documentation on hiring staff. Over the next few months we will be interviewing business owners from various sectors in different industries to find out what challenges they faced when sourcing staff for the first time.
Each business will experience a different set of problems when facing the prostpect of employing staff for the first time.
For small business owners, the transition from sole operator to employer can un-nerving.
With the new found responsibility of providing a wage every week or month, good cash flow management is essential.