If you run a small business, you are already aware that you need to keep a well-oiled machine. Having everything running smoothly and efficiently ensures you keep up with your competitors and have customer retention. However, the reality is not every business is as efficient as it could be. Many companies have serious efficiency problems that can cause a loss in revenue of up to 30 per cent. This means that there is a lot of cope for improvement. Every business owner should constantly be looking for ways to make his or her business more efficient. Whether that be through new technology or the parking of specific tasks. A business owner needs to be open to change in order to keep up with the ever chafing nature of modern society. Anyway, listed below are ways to help you make your small business more efficient:
Tasks Audit
Go through your business forensically and create a report of every task that is conducted. If you have employees, ask them about their day to day activities and ensure that every task is in your report. Once you have a thorough understanding of all the tasks performed daily, weekly, even monthly, you can mark them primary, secondary, tertiary, and superfluous. If possible, the aim here is to cut redundant tasks and reduce the frequency a less necessary task is performed.
Automate
If you have any tasks that can be better performed on a computer, go for it. The initial expense of an automated system being install may set you back a little, but the time saved will pay dividends. A worker wasting time on a mind-numbing sorting email task, for example, is pointless. People are better when they are more challenged. They feel as if they are worth more too.
Engage Staff
In a small business, it is relatively easy to be on first name terms with your staff. Ensure that you make an effort to engage with your staff. Perhaps a ten-minute meeting every day or at the beginning of the week would help. Find out how they are and if there is anything you can do to help them in their jobs. Make sure you listen, and if need be, make changes off the back of their suggestions.
Outsource
Be honest, are the skills you have in-house up to every task? You may find that you or your employees are struggling with a task that would make more sense if you outsourced. This may be something you do not need to do every day, so when the task rears its head, you’re relearning how to do it every time. Or perhaps your IT security is lacking. Outsourcing to a professional can save you time, money and make your business more efficient.
Get the Right Suppliers Ever been let down by your suppliers? Is delivery time becoming an issue? Products of less than par quality. Well, as you already know, competition in this world is fierce. Don’t blindly buy from the same supplier every time. It may be in your best interests to shop about, get a better deal. Maybe your engines or fleet of vehicles would perform better if you buy red diesel drums, for example.