Hiring A Business Minder Caretaker Service for your Business

There are so many things to look after with a new business. Even if you’re running a small business, you will find yourself in need of assistance – even on a part-time basis. Seek out people whose abilities balance out yours, so that you can focus on developing your ideas and making deals. If you need to step out of your business and you are thinking of hiring a temporary caretaker to run it for a while think about

1. Contingency Planning

2. Using experts

3. Short Term Contract

4. Business Information List

5. Handover Meetings

If you need to step out of your business and you are thinking of hiring a temporary caretaker to run it for a while think about these points:

1. Contingency Planning

What ever the reasons are for engaging a business caretaker or Minder, if it is for a holiday, or an unexpected medical reason or other emergency such as a sudden family crisis, do your research first. Find a suitable and competent replacement who will follow your instructions. Make a point list of all the activities you are normally engaged in and prepare a background story about your business.

2. Use experts to find the right person

Getting a manager to mind your business is a serious step. You will be putting your trust in this person to take care of your business so that it keeps running efficiently and profitably. It is not a matter of simply employing another member of staff. Handing the job to an employee is not always good. Who will replace them while they cover for you? Are they competent? Should an employee know about the confidential workings of your business? Consult with an expert like your accountant or lawyer or business adviser who will guide you to a suitably qualified business caretaker.

3. Before appointing a Business Caretaker/Minder ask for a Letter of Appointment

This will outline exactly what duties you expect him to perform, the period of appointment and the fees to be paid and other services such as sending periodic progress reports to you while you are away.

4. Create a Business Information List

List for all the most important things about your business so that your business caretaker can access vital information while you are away;

Business Details & Contact Names/Numbers,

Directors, Partners, Accountants, Lawyers.

Business Bank Details; Bank Account; Loans,

Insurer, property lease details, important staff

members and job descriptions and many more,

Send the Letter of Appointment and your Business Information List to your accountant so they can monitor performance on your behalf if necessary.

5. Handover Meetings

Organise meetings with people who will be immediately affected by the change to a caretaker/minder:

- business partners

- bankers

- suppliers

- key customers and clients

Finally, call a staff meeting and explain why a caretaker is needed. Outline the time frame and ask for their support while you are away.

The Business Minder is an expert in business management and has helped many business owners in ASEAN countries with temporary business caretaking and management plans.