The nature of running a business is such that nothing is unimportant. If you are a small business owner and you keep your own accounts, or you hire an accountant to do it for you, you will know that everything costs money and that every purchase makes a difference. Whatever your revenue is, it will be reduced every time you decide to buy something as modest as a stapler. That is why successful business people are also sensible with their money. You need to have a great attention to detail if you are going to make your business as profitable as it can be. While lots of things may not seem important, they all add up, and if you have a rather laissez-faire attitude towards the small things, they will soon accumulate together a become a big problem. While being parsimonious or miserly often has a rather unflattering connotation, the fact is that it is just good practice.
However, that is not to say that refusing to spend money at any cost is a good thing. The adage that ‘you must spend money to make money’ is still true. One instance in which it is particularly obvious is in spending money on your employees. The people who work for you are your greatest resource because, without them, you would simply be overwhelmed with work and your business would grind to a halt. Keeping them happy should, therefore, be a priority. It is in your best interests financially to do what you can to help them: a study conducted in 2015 by researchers at the University of Warwick found that happy employees are 12% more productive. One of the ways of making your employees happy is by providing them with an atmosphere in which they can feel comfortable and in which they can work to their greatest potential. While making sure the building is safe and that your employees are not suffering from bullying in the workplace are both important, it is often the details that prove to be crucial.
One important thing to remember is to make sure that the office meets the basic needs of your employees. As Abraham Maslow theorized, people cannot become self-actualised unless they are certain of the more fundamental aspects of their life or work. This involves being able to use the bathroom. You should consider investing in Washroom accessories so as to avoid the silly little annoyances associated with not having everything you need in that situation. Another important thing to consider is making sure that your staff has a place where they can relax when they are on a break. Installing a small kitchen and buying comfortable seats could be the difference between someone dreading going into work and their finding that it is tolerable. Besides, if your employees are able to relax and socialize, their morale may be boosted too. Finally, the importance of good chairs cannot be understated. No one can concentrate for an entire morning or afternoon if they cannot get comfortable in their chair. The amount of time (and therefore money) which is wasted in people losing their focus because of a bad chair cannot be calculated. However, it is easily avoided.