Enhancing Business Efficiency in Small Enterprises

Remove clutter and waste

Consider your operational environment and how it is laid out. Position everything so that it is convenient to access when you need it. Consider also removing any clutter from the work area, as it will typically just get in the way or cause inefficiency. Mess and clutter breed inefficiency as they encourage items to get lost, or require additional work in moving items around.

Avail of appropriate IT

Some of the IT hardware today makes processing intuitive and highly mobile. Add some app’s/software and you are getting more done in less time. A simple example is the 3 minutes for your BAS statement if you’re using your Accounting Package correctly. Every business has some cost effective IT solutions to make things easier, so spend a few dollars and get them – you will reap the benefit.

Retain good staff

Good staff know you, your business, your customers and your product – so this is worth something. Bringing in a new person will cost you time and money for recruitment, they will take some time to learn the ropes (read – this costs you money in inefficiency) and they may end up being the wrong person. So if you have the choice of retaining a good employee, then do so – even if costs you a small pay increase.

Focus resource and activity

The simple tips here are; 1. have a plan – even a basic one is better than none at all, 2. the format/layout of the plan is far less important than the level of considered thought that goes into it, 3. a plan without action is better described as a dream – so allocate clear actions and do them, and lastly, 4. measure, monitor and manage what you do against milestones, as it is often easier to walk a hundred small steps than to tackle a large hill (break down the objective, tick off the steps as you go, improving the way you travel with each step).

In reading these 7 efficiency tips, you will realise that none of them are earth shattering and you have most likely heard them before. However, the real test is whether you are using ALL of them in your business – and if not, why not? Equally, if you are doing all of these now, stop and refresh them as best practice 1-2 years ago may not be the best practice of today.

Work hard on your operational efficiency, as success in this area results in more money being retained for every EXISTING dollar of sales that you have now. If you wish to read more on efficiency, then check out some of our prior articles, or contact us for some specific information.

Improved efficiency in your business means more money in your pocket.