If you’re a small business, chances are you’re searching for ways to bring the most amount of value to your company for the least amount of cost. Startups don’t usually have the luxury of a limitless budget, so they must get creative when looking to expand. For business that require more hands but perhaps don’t have the cash flow to hire another full-time staff member, an intern can be the best option.
Here are six advantages of hiring an intern for your business.
1. Interns Bring Fresh Perspective
Whenever you employ someone new, you reap the benefits of a fresh outlook within the office. Variety is the spice of life, and having another person to brainstorm with, bounce ideas off or assist you on something you might be struggling with is going to prove helpful no matter how you slice it.
2. Interns Can Help You Reach Millennials and Generation Z
Many interns are just beginning their careers (or often still in school) so you’ll gain crucial insight into the mindset of a younger generation. This is particularly important for businesses trying to reach younger audiences, and can be especially useful when devising communications strategies.
3. Interns Provide a Simple Way to Scout for Talent
Interns are usually just entering the workforce. Though inexperienced, some possess a tremendous amount of potential. Everyone has to start somewhere, so discovering and fostering a budding talent will be useful to your business now and into the future. Who knows? Today’s intern could be tomorrow’s CEO.
4. Interns Can Boost Your Reputation Within the Community
Hiring an intern is a great way to give back locally. You’ll be mentoring someone within the community – and this won’t go unnoticed. By training an intern, giving them with crucial work experience and offering them guidance on their career path, you’ll be providing invaluable assistance.
5. Interns Make Great Brand Advocates
Interns will likely have friends, family and school contacts that you’ll automatically be exposed to just by hiring them. Ask your interns to spread the word about your business whenever possible and give them incentives for doing so, such as a bonus for any new clients they bring in or a lunch out for any social media friends they get to follow you. Supply them with branded clothing so your company will be on display and front-of-mind whenever they wear them.
6. Interns Can Increase Productivity in the Office
An extra pair of hands means you’ll get more done throughout the day. Delegating simpler tasks to an intern leaves you and your other employees with more time to focus on matters that require your professional expertise. Let interns take care of the basics, such as background research, social media, note-taking, welcoming guests – and funnel your energy into something more profitable.
If you use a system like QuickBooks Online for your accounting, interns will be able to easily access data, send invoices, keep track of payments and much more.
Enlisting the help of an intern is a cost-effective way to propel your small business. A mutually beneficial arrangement between you and your interns will guarantee dedication on their end, and a variety of advantages that you’ll be able to enjoy without worrying about financial constraints.
Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.