Follow our tips to build and an efficient small business…
Analyse and Understand Time Management
Using an online time tracking tool such as Harvest can help you to monitor where your time is being spent and how you can improve your efficiency. Being able to analyse where your time is spent will help you to understand what you need to be spending more or less time doing to make your workday more efficient.
Make Sure Your Records Are Updated
Out of date records are a huge time waster. Make sure all of your internal records are up to date and stay on top of them as you go along. For example, it’s really crucial to keep your company’s financial records up to date to avoid an extra workload when it comes to the end of the financial year. Detailed and up-to-date records will help you comply with tax legislation and avoid penalties.
Invest In Employee Development
Invest in training for yourself and your employees to ensure everyone has the right skills for the job. With a trained workforce, there will be fewer questions and less time wasted.
For example, if you are training a new member of your sales team, spend time showing them previously recorded, successful calls from your sales professionals.
The time it takes to correct mistakes of employees who haven’t been sufficiently trained could cost your business sales and time.
From payroll to timesheets, create templates for repeat tasks and procedures. Messy, inconsistent paperwork can often lead to mistakes, wasted time and money.
Whenever a new document is required, take the time to standardise the way it looks, to save you time in the longer term.
Use Online Tools And Automation
You may need pay to invest in the software to start with but in the long term, you will save by boosting business productivity. Using automation will save a lot of time, for example using online budgeting and expenses tools such as Xero to automate payment reminder emails.
Need some extra advice on your business productivity? Register for our free workshop on Wednesday 9th September and join the Enterprise Action project.