Stop being lazy and start making money!

Stop being lazy and start making money!

Either your company is running smoothly or not, things could be better. But question is, how do you do it?

Having a business and the effort of making it run smoothly is a difficult feat. Whether your in a startup or in a big enterprise. It is vital to have continuous success in the ever-changing marketplace. With the right tools and best practices, you can maximize efficiency and profits. That is why we have curated ways on how you can make your business run like a Swiss-watch.

1. Implement automation.

McDonald’s Corporation Chief Executive Officer, Steve Easterbrook , demonstrates the ease of placing an order at the self-order kiosk, on Thursday, November 17, 2016, at a McDonald’s restaurant in New York, N.Y. (Stuart Ramson/AP Images for McDonald’s)

To some, automation may sound a bit daunting or expensive but in reality it impacts all other resources; namely time, labor, energy and whatnot. Too often, repetition and unnecessary bureaucracy slow down business. But automation makes redundant steps a lot more faster and efficient. Automating monotonous tasks saves your employees time and allows them to do more productive tasks that require critical thinking or a human touch. The benefits it holds are a lot more than the roadblocks. Once you try it experience significant gains in productivity and improved customer experience. Use Kinvo and other machinery or AI tools to turbocharge your business.

2. Take full advantage of the cloud

With all of the paperworks, files, and documents, it just seems impossible to go completely paperless. And it just so happens that the Cloud is an affordable and efficient way to share, preserve, and enhance company records, projects, data, and communication. 

We suggest the use of a cloud service with multi-factor authentication and encryption. Cut the costs and save yourself from delving deep into files that are piled up. Consider Google Cloud and Microsoft Azure.

3. Create business cycle and sales cycle.

A business cycle is where you market and drive people toward your product or service into a sales cycle and repeat. A sales cycle is when a customer shows interest, you qualify, select a product, and close. Most people don’t have money when they start a business so it’s difficult for them to do a business cycle when starting out.

So what do you do? You either raise money so you can bypass the sales cycle and go straight to the business cycle to get constant eyeball on your business or be good at sales cycle to keep traffic and traction.

4. Get yourself a tiger team and kickass contractors.

To get your sales cycle going you need the best management style which is building the most talented team. In order to get a tiger team, you will need the help of kickass contractors who’ll cut through the endless conjecture out there. You have the option to outsource or get the best local team for the job.

5. Assess Employee Productivity

But remember, you don’t necessarily need to fend off micromanagement when you have found the best team. Just see to it that you have time to look over your shoulder so you can monitor if things are on pace. Set clear policies and procedures, and don’t forget to encourage their input. Also provide support for continuous progress. This keeps the business running.

6. Streamline task management and communication. 

Tools like Slack, Asana, Trello, and ScheduleOnce centralize communications, appointments, and tasks so nothing slips through the cracks. With that in place, create defined roles so tasks are forwarded to the appropriate departments.

7. Value customer or client feedback

Feedback informs your decision-making and influences how you build and improve your product and services.

The best and easiest way to keep your clients satisfied is to deliver fast and knowledgeable service consistently at the same time acknowledging constructive criticism to the betterment and success of your business. Example, send out feedback forms after their online transaction.

8. Always Look Towards New Methods

There is certainly a smorgasbord of tools, resources, and tactics for improving your business efficiency, but trying to implement everything at once can be a hell of a ride. More so be patient; but don’t get complacent.

Refining the performance of your company is never easy. However, this shouldn’t stop you from making changes and trying out new methods of improving efficiency, productivity, customer and employee satisfaction. A business needs to continue moving forward to remain competitive.

Love the Idea
Rachel Fajardo

Like our blog? Hi I'm Rachel a Business Manager at Love the idea. I head up social distribution and sales for our startup market. Get in touch!

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