Productivity is everything in business. If your business isn’t productive, or your staff, or even yourself, then you aren’t going to be making the money you need not only to succeed but to keep your business afloat. Productivity is strived for by the biggest companies in the world right down to the smallest. It’s vital. The more productive your business is, the better the profit margins and monetization opportunities. But how does productivity work? The issue is, different industries and sectors think about productivity in a different way. You need to narrow down where you sit and think about how productivity can impact your own business.
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Keep Things Fresh
Productivity means you’re constantly moving. You’re spotting trends and opportunities in various business locations and you’re doing your best to take advantage of them. You have to change things up. You’ll know that every product page needs quality content, so make sure it stays relevant. Don’t let things stagnate. This ranges from your website to your social media platforms. The best analogy is when you’re looking at a tired, run-down old shop with a faded sign in need of painting. Be proactive and more opportunities will come your way. Productivity doesn’t just mean finding new, it means keeping the old stuff fresh too.
Industry Help Is Vital
Don’t think that you need to go it alone. Being productive means you know when to bring the right people in to help at the right time. Experience and expertise can really help your business grow. This could come in the form of an accountant to help you prepare your books or a tax advisor to talk through any grants or allowances your business might be entitled to. It might be for help selling your product on amazon, or even to give you that helping hand with recruitment if your business is growing. Trying to do technical things yourself will suck a tonne of your time which could be better suited to building your business and bringing more money in. Leave the complex stuff to the experts if at all possible.
Flexible Working Is The Way Forward
If you employ people, you need to ensure you allow them to work as flexibly as possible. Just look at the covid crisis and how so many industries were ravaged by it. Not those so much who let their staff work from home. They could just leave the office and set up at home. Those who didn’t allow that…not so simple. It would have disrupted the business. If you can, be flexible. This isn’t available for all industries. But simply allowing someone to start whenever they want and finish when they want, so long as they do their proper weekly hours, allows them a level of flexibility meaning they can work at their best. They can drop their kids off at school or leave early for a doctor’s appointment. Or, they can work in the evening instead of the morning because they know they work better then. Be flexible and modern in your approach and it’ll pay dividends down the line.
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