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Four signs your business is doing well

Running a start up can be extremely challenging and, on some days, you may feel that your business is not as successful as you initially hoped. But when you look back to the early days, a whole lot will have changed and it’s important to focus on the positives and recognise your own achievements, alongside the achievements of your staff. So, how do you know if your business is doing well? 

Your employees are happy

Employee satisfaction is key to running a good business. Not only will happy employees work hard and make money, but they will also talk positively about the company and about you as an employer. Ensuring employee satisfaction can stem from a range of sources. Perhaps you strive to make them feel safe and use signage in the office to warn them of potential hazards.

You might encourage them to go on a range of courses and expand their knowledge in the field or influence their passion for the job by allowing them to explore their interests. Whatever it is, if your employees are speaking positively about the company and enjoy their work, your business is more successful than you think. 

You’ve met financial goals

People say that money makes the world go around, and it’s certainly something you think about a lot. Good. You should. But don’t be downhearted if the numbers don’t look as impressive as you’d hoped. Remember that money takes time. If you have established clear and realistic financial goals and met them, your business is doing well.

This shows that you know how to manage your finances and your company has the potential to keep growing. Nobody became a millionaire overnight. You’re on the right track.  

You have low employee attrition 

You know your business is doing well if your employees are staying put. High employee attrition indicates a lack of employee satisfaction and a desire to work elsewhere. It might also indicate that employees are working strategically to develop skills or move quickly up the ladder in their field, and aren’t working there because it’s a company they genuinely respect.

So, if your employees are sticking with you and staying put for a while, it reflects positively on your business and you as an employee. Your employees are engaging with you and your company, and you obviously have something good to offer that other competitors can’t match.    

You are happy

As an employer, you might think more about your employees’ happiness than your own. And when you’re not thinking about that, you’re probably thinking about finances, publicity, meetings, recruitment, marketing or all of them put together. But your own happiness is important.

If you genuinely feel happy, optimistic and encouraged by your business and look forward to going to work, your business is doing well. You may not feel like this everyday, but that’s normal – we all have our ups and downs. However, your gut feeling is important and positivity speaks for itself. Don’t diminish your own satisfaction.