FIVE TIPS TO IMPROVE PRODUCTIVITY AND ACCELERATE PROFITS

It’s the second quarter of the year and business owners are keen on setting the pace to increase sales, imbibe better business initiatives to boost productivity and expand their businesses. But the big question is ‘How do I make more profit? The search for innovative ideas is constantly on the minds of entrepreneurs that seek better business practices to help achieve their intended aim and objectives for the year.

Perhaps, you have accessed your business growth over the year and are not satisfied with the pace of growth, or have not met certain standards you hoped to have achieved at the moment. Some entrepreneurs are also scared their businesses may plateau or- feel they are yet to surpass the expectations of their clients and overshadow their competitors. The best time to start strategizing is NOW! Sit back for some minutes while I take you through some steps you can imbibe to increase productivity and accelerate profits in 2022.

Staff support: ensure you provide the necessary support for your staff. A well-enlightened staff who understands the nitty-gritty of his job description will work efficiently. Enrol them in courses that will help develop their skill and result in inefficiency. Organise on the job seminars and symposiums to help their growth. Some employers are sceptical about empowering their staff for fear of losing them. As long as they are with you, they will translate the skills gained into their work and this inevitably will lead to increased productivity and growth in business. Mind you, successful businesses or projects require a great plan and talented individuals.

Use work-related applications: survey the internet for apps like Asana, Todoist, Trello, Dropbox, Toggi, etc. These work tools aid collaboration amongst staff and employees, it serves as reminders and assist in tracking the daily activities of employees.

Choose the right equipment: getting the right office tools will help boost productivity. Review the present working tools and before replacing them ask yourself these questions:

• Is my current equipment giving me the right result?
• Does it suit my line of business?
• Why must I replace it?
• Will it serve a little longer?
• How efficient is the next one you are about to purchase and will it boost productivity?
• What is the durability of the new equipment?

If the equipment you intend to purchase or retain answers these questions and others that might occur to you, then it will surely aid your business growth.

Review your operational setup: look inward into your business operations and do a quick assessment to ascertain if your operations suit your clients or potential investors. Always bear in mind your goals for your organisation while you assess your operations. Map out plans to aid the evaluation process before you commence, it serves as a guide to achieving your evaluation goal. A review of your operational setup will assist you to better understand the links to every aspect of your production and eliminate waste where necessary.

Identify trending business practices: Positioning your staff and assessing your office setup is good but ensure you scrutinise your business space for new trends and imbibe them where necessary with a little touch to help your business stand out. Setting the right business goals, repositioning your staff and acquiring better equipment for your business without identifying a good business niche to help improve business growth will not be beneficial to your business.

Prioritising a productivity plan may be time-consuming, but remember, it’s better late than never. Take out some time to initiate necessary steps that will help improve your business growth this 2022. Mind you, every aspect of your company is important. Do not neglect one for the other.

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