Every business owner is looking to be more efficient. The recession has forced businesses to take a hard look at processes and people – making sure the right people are doing the right things at the right time with limited resources.
As someone who has provided strategic counseling to companies in multiple industries around the nation, I’m often asked how companies can gain efficiencies. Here’s what I tell them:
- Analyze the current situation. It’s amazing how few businesses take the time to research their situation to identify strengths and weaknesses. Without knowing where you are you won’t know where you’re going. Measuring and improving performance begins by benchmarking operational efficiencies, assessing the efficiency of work processes and developing solutions to increase performance.
- Optimize business processes. Optimizing and streamlining existing operations and business processes is the key to improving performance and customer satisfaction. Where are the weak spots? What changes need to be made to increase efficiency? Are adequate processes in place? This is the time to make fixes.
- Embrace technology. The right software and hardware can improve any business. Look at ways to provide the needed technology resources so your business can improve. Whether it’s cloud computing, social networking or automating data gathering and analysis, it may be time to reassess how you’re using today’s tools to build your future. Quite often high-priced employees spend a lot of their time performing clerical-level activities on their computers. Is your staff equipped to avoid this?
- Plan ahead. Do you have a long-range plan? How do you plan to grow in one, three or five years? Creating a plan for tomorrow will help you become more focused and efficient today. So you can optimally improve your processes now, it’s better to align them with your vision for tomorrow.
Categorised in: Improve Your Business Practices
This post was written by Roy D'Ardenne