The inner-workings of any company are reliant on a number of dedicated individuals. While big conglomerates may be able to have a few weak links in their chains - as they'll likely employ thousands of people - small business owners simply don't have that luxury.
When a company only has a handful of people on the payroll, it's important to ensure that they're the best possible ones for the job.
So, what can small business owners do to attract the best and brightest?
Assessing what employees want
The first step is to understand what the majority of people are looking for in a role. The vast majority of the workforce won't discriminate when it comes to the size of the business that employs them. More important is what the job will actually entail.
So, what are today's job hunters looking for? Well, research collated by Universum suggested that most people simply want a sense of purpose. Moreover, a company that harnesses innovation is also high on the list for many.
Small business owners can meet this need by ensuring they leverage technology where possible. For example, using accounting software such as CashManager from Accomplish, or even allowing for bring your own device policies can highlight the fact that the company is forward thinking to prospective employees.
Entrepreneur contributor Daniel Andrew explained that small businesses can also attract people by offering more flexibility than their bigger peers. Many corporate companies that are a little set in their ways will likely still operate around the nine to five structure.
Smaller enterprises can do things differently, and give their employees more chance to strike the perfect work-life balance.
Ultimately, there's no substitute for good people in businesses of any size. Finding and attracting the best talent is certainly tough for small business owners, but there are a number of perks they have at their disposal that bigger entities simply cannot match.