Expanding to 5 employees for any business is a big step and something of a milestone – it takes confidence in the growth of your company, it triggers all sorts of legal responsibilities for the business and the employees, moves you the owner, a step further away from just running the business, to now having to manage a team.

To be successful the business has to be ready, you have to be ready and there are things that will make life easier if you plan for it in advance.

This session is designed for businesses that already have a couple of employees but are growing and will soon need extra team members, it will help with deciding when is the right time,;

• are you ready?
• what will happen?
• what do I need to do before hand?
• what can I do to make my life easier?
• how will I ensure I get the right people, train them and make sure they are good enough?

It will also cover the basics of planning growth in your business, how to make it happen and show that building the team is a fundamental part of that planning.

If this is your business or the thought of hiring more employees worries you, then this session is your first step!

Speaker:

Paul Holmes – OxLEP Business Advisor/ Managing Director – PCH Business Consultants. Paul helps overwhelmed business leaders do a lot less firefighting, improve profitability, improve revenues, find more strategic time and start to think differently.

Minimal Financial Assistance (MFA) scheme

The Growth Hub programme operates a Minimal Financial Assistance (MFA) scheme. All SMEs which receive support under this programme are being aided under the UK Subsidy Control Act (2022) and The Subsidy Control (Gross Cash Amount and Gross Cash Equivalent) Regulations (2022 No. 1186).

MFA allows a beneficiary to receive up to £315,000 of Subsidy over a three-fiscal year period (i.e. the current and previous two fiscal years). The value of MFA given is the gross cash amount or the gross cash equivalent of the subsidy. The MFA value of this webinar is £361.70.