Everyone knows the importance of running an efficient business. Small businesses know this better than most because of their limited resources that must be used as wisely as possible.
No matter what the size of your business, however, efficiency is always a good thing. It leads to higher productivity and increased profits. Although it is easy to talk about creating an efficient workplace, implementing one is much more difficult. What follows are seven ways a business can ensure it is always running at peak efficiency.
1. Make communication count. Nothing slows down workflow more than miscommunication. Miscommunication also means work has to be redone—wasting even more time. Before any project or task is assigned, employees should have a clearly defined plan of action which includes who is responsible for each task.
2. Update technology. It may cost a little more at the outset but investing in the latest and best technology will pay for itself over and over. When you cut corners on technology you will experience slow response times, problems with data, and a variety of other issues.
3. Meet less. Unless a meeting has a clearly defined (and necessary) goal, don’t hold it. Often sending out a detailed email can eliminate the need to gather a number of employees in one room. It doesn’t take a math wizard to figure out how many hours a business wastes each year holding unproductive meetings.
4. Talk to one another more. Have you ever sent several emails back and forth to a coworker sitting down the hall? We all have. While email and instant chats have their place, many times an issue or question is resolved much faster by picking up the phone or popping into a colleague’s office for five minutes.
5. Go green. When you go paperless, you will save more than money. The speed at which you can share work-related information and other important data improves drastically, as well. You should also request that those you do business with—your bank and vendors, for example—send statements and invoices electronically.
6. Allow employees to telecommute. Many businesses are leery of embracing the remote employee but studies show that people who work from home are actually more productive than those who come into the office each day. This can be attributed to a wide range of factors including the fact that working from home is often quieter than working in a busy office, there are less distractions and two-thirds of people who work from home report working longer hours.
7. Put your money where your mouth is. If you are really committed to running an efficient business, consider rewarding employees who come up with innovative ideas to make your workplace more streamlined.
Making your small business as efficient as possible is critical to its success. The key is to gradually implement procedures that will help you to get the most out of your people and processes.
How to Make 2017 the Best Year Ever for Your Business
BusinessHow to Make 2017 the Best Year Ever for Your Business. Is your business as successful as you would like it to be? If you are like most business owners, chances are the answer to that question is no. That’s because even if your business is doing exceptionally well, it could always be doing better.
So how can you ensure that your business will be better off in 2017 than it was in 2016? The best way is to sit down and ask yourself some important questions. What do I want my business to look like in a year? What are the important areas I need to focus on? Are there areas that I am neglecting?
Next, you need to make a concrete plan. For example, if you want to connect with more prospects, you can make a commitment to connect with a potential new customer every day. You can achieve this by attending more networking events or becoming more active on social media.
Perhaps you want to decrease the amount of time you spend cold calling. To accomplish this you will have to increase the number of customers who call you by stepping up your email marketing efforts or driving more customers to your website. Speaking of your website, is it working as hard as it should be for your business? If it isn’t, make this the year that you commit to investing the time and resources necessary to make sure it is doing the most it can to grow your business.
Whatever goals you set for your business, it is essential that you begin work on those goals today. Not tomorrow, not next week, not next quarter.
Finally, keep this in mind: the most successful people, whether CEOs, athletes or small business owners, have one thing in common. They show up every single day and do what needs to be done. They do this no matter how they are feeling. They do it on days when they are feeling unmotivated and they do it on days when they would rather focus on something else. However, no matter how they are feeling, they push forward and get the job done.
No matter what 2017 brings, the good news is that you have the power to make it your best year ever!
Help Customers Avoid the Holiday-Shopping Blues
MarketingHelp Customers Avoid the Holiday-Shopping Blues. The holidays are billed as the most wonderful time of the year. However, many last-minute holiday shoppers may beg to differ.
If you own a business and are looking to attract shoppers short on time and gift ideas, we’ve got some simple hints to allow you to do just that. Here are some ideas on how to attract harried shoppers and help everyone get back into the holiday spirit:
1. Keep it simple. The one thing last-minute shoppers really want is more time. If you own a brick and mortar store, display gifts at the front of the store and separate them according to recipient. For example, you could have a display of gifts for teachers, gifts for kids, gifts for the person who has everything. The idea is to get people in and out as quickly as possible. If you have a website, its homepage should be set up in a similar fashion.
2. Maximize mobile. Where do most shoppers turn for ideas on what to buy? Their smartphones. Make sure your website is mobile-friendly and uses keywords that are popular with Google right now, including “cool gifts” and “best gifts.” It also is important that your listing on local search directories has your holiday shopping hours listed.
3. Remember that communication is key. Since shoppers are on their smartphones a lot this time of year, sending emails and texts with special coupons or one-day sales promotions are a great way to get customers in the door.
4. Consider social media giveaways. Contests always boost social media engagement, especially this time of year. Ask followers to post their favorite holiday cookie recipe or a picture of their ugliest holiday sweater. At a certain time each day pick a winner and award that winner a coupon or free gift card from your store.
5. Don’t forget the gift cards. Fifty percent of shoppers say they will buy gift cards for presents. Sweeten the pot by having cute packaging for those gift cards or offer a discount when multiple gift cards are purchased.
The holidays should be a time to concentrate on family and friends, not to worry about getting everything crossed off a massive to-do list. When you make the season more pleasant for stressed out, last-minute shoppers, chances are these same shoppers will become loyal customers all year round!
Marketing a Small Business? Don’t Play the Imitation Game!
MarketingMarketing a Small Business? Don’t Play the Imitation Game! Your mother was right. You shouldn’t try to be something you’re not. This is an important lesson for small businesses, as well.
Many small businesses believe that in order to be successful, they need to do things like much bigger companies. However, the companies they try to emulate usually have much deeper pockets.
When it comes to successfully marketing your small business the key is to accentuate the fact that you are a small business. By capitalizing on this fact you will be much more successful than if you try to be something you are not!
What follows are five ways to make the most of your status as a small business!
Instead of trying to compete with national companies that have resources you can’t match, take advantage of your status as a home-grown and local business. After all, this is something much bigger companies will never be able to do as well as you!
Five Holiday Gifts that Show Clients You Really Care
MarketingFive Holiday Gifts that Show Clients You Really Care. The holidays are just around the corner and if you are like most business owners, you are scrambling for ideas on how to thank your customers for their patronage. Sure, you can send them a tin of cookies or a desk calendar, but are you really going to stand out from the crowd that way?
Instead of the usual (and, frankly, boring) holiday thanks-for-your-business gifts, we’ve come up with a few ideas that are sure to get you noticed and make your customers thankful to be doing business with someone who really gets them.
1. Make a charitable donation. This is an especially good idea if you know a charity near and dear to a client’s heart. If they support a particular cause, for example the local animal shelter, send a donation in their name to that particular charity.
2. A handwritten note. When was the last time you received a handwritten note from someone you do business with? The fact that such notes are so rare is why this gesture makes such an impression.
3. A funny, festive video featuring you and your staff. Shoot a short video thanking your clients for being the best of the best, upload it to social media and tag your clients. All you need is a smart phone and some creative staff members to produce it. The best part is, if it’s especially creative or funny, you might find yourself with some free publicity if it gets liked and shared by the recipients!
4. A bottle of wine from the year their company was founded. A bottle of wine is always a nice gift and the year on the bottle shows you did your homework. Add a note saying what a good year it was for wine and business!
5. A credit with Uber or Lyft. Include a note saying something along the lines of ‘tis the season to be jolly and safe! This shows you really care for them and want them to be safe!
Whether you use one of the ideas listed above or come up with something different, the key is to make it as personal as possible. After all, the best way to build strong relationships with your clients is to make sure they know you understand and value them. Therefore, if you take the time to choose a gift that really speaks to them on a personal level, you will accomplish much more than just thanking them for their business!
Seven Ways to Make Your Business More Efficient
BusinessEveryone knows the importance of running an efficient business. Small businesses know this better than most because of their limited resources that must be used as wisely as possible.
No matter what the size of your business, however, efficiency is always a good thing. It leads to higher productivity and increased profits. Although it is easy to talk about creating an efficient workplace, implementing one is much more difficult. What follows are seven ways a business can ensure it is always running at peak efficiency.
1. Make communication count. Nothing slows down workflow more than miscommunication. Miscommunication also means work has to be redone—wasting even more time. Before any project or task is assigned, employees should have a clearly defined plan of action which includes who is responsible for each task.
2. Update technology. It may cost a little more at the outset but investing in the latest and best technology will pay for itself over and over. When you cut corners on technology you will experience slow response times, problems with data, and a variety of other issues.
3. Meet less. Unless a meeting has a clearly defined (and necessary) goal, don’t hold it. Often sending out a detailed email can eliminate the need to gather a number of employees in one room. It doesn’t take a math wizard to figure out how many hours a business wastes each year holding unproductive meetings.
4. Talk to one another more. Have you ever sent several emails back and forth to a coworker sitting down the hall? We all have. While email and instant chats have their place, many times an issue or question is resolved much faster by picking up the phone or popping into a colleague’s office for five minutes.
5. Go green. When you go paperless, you will save more than money. The speed at which you can share work-related information and other important data improves drastically, as well. You should also request that those you do business with—your bank and vendors, for example—send statements and invoices electronically.
6. Allow employees to telecommute. Many businesses are leery of embracing the remote employee but studies show that people who work from home are actually more productive than those who come into the office each day. This can be attributed to a wide range of factors including the fact that working from home is often quieter than working in a busy office, there are less distractions and two-thirds of people who work from home report working longer hours.
7. Put your money where your mouth is. If you are really committed to running an efficient business, consider rewarding employees who come up with innovative ideas to make your workplace more streamlined.
Making your small business as efficient as possible is critical to its success. The key is to gradually implement procedures that will help you to get the most out of your people and processes.