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The importance of flexibility in the workplace

As a small business owner, it’s important to be flexible in the way that you run your business to succeed in today’s market. Promoting flexibility in the workplace can help your employees easily adapt to change and stay satisfied in their daily roles.

Be a flexible manager

The traditional ways of working of nine to five have been tested and changed in recent years. By being a flexible manager you can accommodate your individual employee’s needs. You can do this by adopting flexible working, a law that came into force in June 2014 which grants employees the right to request working flexibly. This means that employees can request to make changes to the hours, the times and the place that they are working to fit easily into their daily lives. Adopting flexible working patterns can attract potential employees and help to retain your current staff.

Embrace new technology

Technology is constantly changing and to succeed in today’s market you need to think about integrating new technologies into your business. Take yourself out of your usual mould and be more open to try the latest technological trends to stand out from your competitors. Over recent years payment technology has vastly developed, with contactless payments accounting for 34% of all card transactions in June 2017. Small business owners can use the latest technology to stand out from the competition, and upgrading your payment terminal is a great place to start.  

Flexible funding

To run your business flexibly it’s important to stay on top of cash flow to ensure you have enough funds in place to allow you to make flexible decisions. Proper financial planning can help you to manage your cash flow during seasonal highs and lows. However, if you often find it difficult to stay on top of your cash flow or are in need of a cash injection to see through your plans, a business cash advance is a flexible alternative to traditional ways of raising finance.

To find out more about how a cash advance works, visit https://www.quickcapital.co.uk/how-does-it-work/ or give one of our advisors a call on 0800 3777 402.

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