Five Time-Effective Ways to Work On Your Business

Posted: by North Coast TAFE

Ever heard this before? “I should be working on my business, instead of in it!” What that means is that you should be managing all aspects of your business, rather than just managing to scrape through each month. Trouble is, you’re flat out: so here are five quick-fixes.

1. Re-ignite relationships
Invest the first half-hour of each day into one relationship. Talk (don’t email) to a client or customer, or a team member, or a supplier and listen out for needs, good ideas and even complaints… so you can cement or build the trust between the two of you. It’s a currency worth investing in, because then you’ll know better what you’re wasting your time on and where you need to focus your effort.

2. Develop then delegate
The art of delegation is actually the art of having the right people. Ask yourself – am I not delegating because I have no-one to delegate to? See above to discover step one to solving that problem. Then talk to a supplier (training organisation, recruitment firm or temp agency) who can help you find or develop the right person.

*3. Inspire innovation *
Being innovative is about working smart, not hard. There are three things you can do now to enable this; create opportunities to maximise innovation in your business, make sure you model behaviour that supports innovation (encourage experimentation and acknowledge your failures) and, together with your team, agree on the sandpit and the boundaries within which you will all operate.

*4. Connect your financial data to business requirements *
All too often, the financial data is not ‘hard-wired’ to business-critical activities. Take a highlighter to your spreadsheet and mark those buried
items that actually have a significant impact on daily business activity – then work out how to change how your finances are analysed and reported so that this data comes first.

5. Prioritise your daily, weekly and monthly activities
Place your big rocks into your schedule first, then fit the small and medium rocks in between. It’s impossible to do it the other way around, but that’s what most of us try to do! And while you’re in your diary, schedule a minimum of 30 minutes of compulsory thinking time each day to brainstorm solutions to next week’s and next month’s biggest struggle point. Chances are you won’t make the time for that next week or next month.

If all this seems daunting Management training can help for example Certificate IV in Frontline Management – a course that will deliver you the knowledge to succeed with these (and other) ways to work on your business.
You could decide to acquire the knowledge yourself, or you might have someone on staff who would provide value to your business by completing the course. Whichever you decide, talk to us – in the first half-hour tomorrow morning, perhaps?

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