The economic turnaround may be on the horizon and that can only mean one thing: Companies are beginning to hire again. For small businesses, this can be both good and bad. Many firms may be looking to poach the top talent away from small enterprises, so business owners need to make the necessary moves to create strong employee retention strategies.

Building a committed and loyal team will pay dividends when larger companies come around and try to lure superstars to their businesses. There are many things small business owners can do to make sure their staff members stay put and they are able to continue to grow year over year. Below are some ways provided by Fast Company that small firm owners can use to prepare for high-stakes growth in the business world.

Make innovative moves
Many of the top executives will want to stay at employers that are taking advantage of new technology to speed up processes and to become more efficient. Small firms preparing for growth can invest in budgeting software to help them manage their finances, as well as mobile devices to improve communication and collaboration throughout their organizations' infrastructure. Businesses have to be forward thinkers when it comes to the technology and innovations they will purchase to keep everyone happy throughout the company.

Don't settle
Small business owners who are ready for growth won't be satisfied when their businesses begin to flourish. When things are going well, it's important for owners of small firms to continue to execute and make the moves that lead to higher levels of success. By limiting the amount of periods of stagnation and plateaus faced by their businesses, small firm owners will be able to continue to grow when their competition is trying to catch up. Brainstorming for innovation and strategic planning are just a few things small business owners can do to make sure their firm is continually looking to expand.

Create a strong culture
Employees who feel accepted at their places of employment and believe they are valued by their bosses will be more likely to stay at their current positions. It is up to small business owners to make their staff feel as though they are what keeps the operation going. By creating a singular culture throughout the organization, owners of small firms will be able to keep all of their employees happy. A company-wide culture also helps organizations avoid costly missteps that can push some of the top employees to leave their current jobs.

Promote teamwork
Small business owners who are strong leaders will be able to get their employees to work together in unison and for one goal. Keeping the entire workforce engaged will allow all processes to continue to expand throughout the company, while also having a strong sense of morale at the firm.

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