There are probably things you’re doing within your business that are wasting a lot of time. You know what wasting time means – wasting money! If you want to stop wasting time and money in business then you need to make sure you make the appropriate changes now.
Below, you’ll find a few suggestions on what you should quit doing if you want to stop wasting time and money.
Time Spent Holding Pointless Meetings
If you haven’t completely got rid of pointless meetings yet, it’s a good time to do so now. Having meetings for the sake of it wastes precious time and manpower. Only have a meeting if you absolutely need one, and keep them to the point. You should also keep them lean by making sure you only have the people you really need in there take part. If you can send the message in an email or even over Skype, do it that way instead.
Multitasking can make it feel like you’re getting more done when in reality, it’s slowing you down. If you can focus on one task at a time, you’ll get into a state of flow and get it done much faster. Encourage others to stop multitasking, too. Don’t keep checking back on social media pages and emails when real work needs to get done – encourage your team to do the same.
Expecting Everything Completed In House
You want to be a frugal business, but you really can’t expect to do everything in house. You’re going to need to get help at some stage. Outsourcing your marketing strategy to a company like ClearFuze Networks, Inc. could be a smart step if you’re currently attempting to market your own business (usually a big mistake). You might also benefit from outsourcing work to remote workers. A virtual assistant could be a big help if you need assistance with simple admin jobs.
Expecting Employees To Work Long Days
You might think that having everybody in the office working long days is going to mean getting more done, but usually, this is not the case. 14 hour days can be detrimental to the working environment and your employee’s mental health. Having shorter working days will often be far more beneficial as they will want to be more productive in a shorter window. You might even choose to cut down the workweek to 4 days instead of 5 – this is working well for many businesses.
Work On Employee Retention
Keeping your most valuable employees is another important step. Losing your employees because they aren’t engaged or because you are not treating them properly will mean having to spend even more time hiring and training.
Work On Customer Retention
You shouldn’t be spending all of your time trying to attract new customers – you should be keeping your old ones. It’s actually easier to draw old customers back in, and if you treat them well, they will become ambassadors for your business and you’ll get new customers by default.