Are you running your business efficiently?
When you run a business, you are motivated to provide a great product or service, to gain competitive advantage over your business rivals, and to maximize your profits. While business efficiency may not be your #1 priority or motivation, you will find that running an efficient business will help you achieve all of those business goals.
If you think that you will achieve business growth by making your staff work increasingly long hours, then think again. To achieve business growth, you need to put efficiency at the heart of your company strategy and focus your most valuable resources on the tasks that really help to drive growth.
So, how do you make the most of your workforce while keeping them happy, and driving efficiency within every aspect of your business?
You can take the following steps to ensure that your business is more efficient and productive, day-to-day.
1. Identify your key business priorities
Only by identifying the most important priorities in your business, can you get your staff to focus on the key aims and objectives that will drive value. This process will also help you to understand whether your staff’s current efforts are well placed and are actually contributing to business efficiency. Prioritising and re-focusing your resources will ensure concentration on just a few main areas of real value instead of being distracted with work that does not provide a return on investment.
2. Use those priorities to form business goals
Goals can be extremely powerful motivators and drivers for success. By making sure that your staff have clear goals to work towards each month, it will ensure their focus on business objectives. By focusing on completing certain priorities, you can feel more confident that your staff will not be wasting time during working hours. It also means they have something to show for their efforts within a given time frame – a powerful tool for staff motivation.
3. Buy in business services
Many businesses make the mistake of thinking that they have to keep all of their business resources in-house. You don’t need to use your staff to do time consuming work that isn’t core to your business. This is not the most effective and efficient use of your staff time. There are businesses that can take care of your essential noncore work and do it faster, better and cheaper than you can. It makes more sense to focus your in house resources and valuable time making the core of your business better. Leave the essential noncore functions to other companies who have the expertise to add real value to your business and its growth. That way, your staff can completely focus on their work to grow your business into a success story.
Do not waste your time and your resources and put a renewed focus on all your activities that will really help drive business growth. This will ensure a motivated workforce and a business that is streets ahead of the competition.
We can help and take care of your key business functions to enable you to focus on your core activities so you make a positive contribution to your bottom line. Get in touch today to find out how Ascend Twentyone can help your business.