Time Savers: How Can Your Business Get More From Its Most Valuable Resource?
It's the oldest phrase in the business manual, but time is money. So, if your company is guilty of wasting this resource, it will impact your bottom line. Now more than ever, thanks to the fallout of COVID-19, you cannot afford to let time slip through your fingers.
So, what steps can be taken to ensure your business operates in a time-efficient manner? Here's all you need to know.
Build a better team
A strong team of employees is the greatest asset at any company's disposal. Their increased skills and productivity will ensure that the firm's output is greatly increased. In turn, this will allow you to stay one step ahead of the competition while also allowing managers to focus on their jobs. As well as providing the best solution from a perspective of time-efficiency, it supports a better atmosphere.
Modern workforces should be diverse while they may be supplemented by workers in the field and remote-based employees. Crucially, you need all team members to feel connected and comfortable with one another. So, investing in team development and bonding sessions is another wise move. When there is more confidence and cohesion across the workforce, efficiency levels will clearly soar.
Cut meeting times
Clear communication will always play a central role in any company. Regardless of whether the team is based on-site or across the globe, it's important to keep everyone on the same page. The use of team meetings is one of the most common and effective solutions. Sadly, though, a lot of firms are guilty of allowing them to become a detrimental feature. Essentially, you can have too much of a good thing.
If you waste just half an hour for just 80 people, it is like losing an employee for a whole week. Moreover, unnecessarily long meetings will increase the threat of digression into unimportant tasks. Even the likes of Google invest in short, sharp meetings. So, you should too. After all, tech links allow you to communicate with individuals to ensure that they stay on the right track with their workloads.
Automate staff admin
Even when you boast a tight-knit team that communicates well, the company still faces several admin tasks. After all, managing people is one of the most significant responsibilities facing any owner. Using the right employee schedule template examples is one of the top features to put on your agenda. It will allow you to manage rotas, staff vacations, and payments with ease. It is a key tool for achieving great HR.
In addition to the benefits for managers, automated tech can support team members. Whether it's using automated software to track expenses or using software to complete background tasks while they do the hard work is up to you. Every minute saved thanks to the power of tech is a step in the right direction. Not least because it puts an end to inaccuracies caused by spinning too many plates.
Embrace the cloud
Cloud computing has transformed the business world in many ways. Nonetheless, time savings are easily the greatest reward to be gained from it. For starters, adopting modern systems will put an end to time wasted looking for misplaced documents. All files, ranging from templates to completed invoices will be located in one place. This saves valuable time, as well as the environment. What more could you want?
The power of cloud computing additionally enables collaboration. When teams work together in real-time, it becomes far easier to solve problems and complete projects on time and budget. Better still, the ability to access content from any device with an internet connection is highly valuable. When a quick edit is all that's required, for example, removing delays in this way is an amazing thing.
Use outsourced services
In business, you soon learn that you cannot do everything yourself, which is why you'll appreciate the staff. However, it is equally essential to accept that not all tasks need to be handled in-house. Outsourced services can be used in virtually all aspects of running a business. If it removes the need to revamp a workspace or take on additional daily challenges, this approach is the best option.
There are a number of assignments commonly outsourced to specialists by startups and global giants alike. Packing and delivery stand out as key areas while IT is another popular choice. When your business specializes in manufacturing or selling certain goods and services, you must focus on this. If partnering with outside firms can save valuable time that is better spent on your primary tasks, this is great news.
Embrace referral marketing
Marketing naturally consumes a lot of energy because you cannot succeed without customers. Still, the fact that nobody knows more about the business than you doesn't mean you're the best person to promote it. Consumers aren't desensitized to good ad campaigns. But they will research a company before purchasing. Therefore, the power of recommendation is greater than ever. Now is the time to use it.
Referral marketing can take several forms. Using the best affiliate marketing examples will provide inspiration on how to make it work for you. Meanwhile, securing testimonials and using social media influencers will help too. Once you have established the right protocols, very little work is needed on your behalf. Aside from being the most time-efficient option, it is an ideal way to manage your budget.
Prevent company damage
Prevention truly is the best form of protection for a modern business, especially when it comes to security. The harsh statistics about cybercriminal activity underline the need to get cybersecurity right. Otherwise, a single breach could cost the company dearly. In addition to the direct financial hit, it is likely that the firm's reputation will be harmed. It could take years to recover the damage.
Similarly, theft of intellectual and physical assets will also require a major investment of time to put right. Security isn't the only issue, though, and you must ensure that safety is right too. Otherwise, a personal injury lawsuit could cause major headaches and stop you from focusing on the jobs at hand. Moreover, repairing the physical damage to workspaces is a waste of time and money.
Customer care is an essential feature of any successful business. However, no company director wants to spend half of their day fielding calls. Even if your firm is big enough to boast a dedicated client support team, it makes sense to let consumers find answers for themselves. It saves time for your employees while also allowing users to take control without the stress of waiting in line.
The company website is a great resource. An FAQ page, returns policy page, and page about the business will all work well. Meanwhile, a blog or YouTube channel can be used to produce content ranging from ‘how to' guides to product explanation videos. In addition to adding clarity for existing clients, these resources can work as promotional materials. And one piece could serve thousands of visitors. Perfect.
The final word
Utilizing your time in a more effective way will transform your business. From removing unneeded tasks to working smarter rather than harder, simple steps often bring the biggest change. Crucially, the benefits aren't limited to personal gains. In most cases, they will inspire positive impacts that can be felt by the entire team.
The sooner you implement the changes, the sooner you can start to feel the benefits. Given the current social climate, there has never been a better time to make the transition. You've got this!