Streamlining Your Business

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Streamlining Your Business

  1. 1. -552450-638175Streamlining Your Business <br />Quick Guide<br />There are a number of things that can streamline your business, which can add a significant positive impact on your bottom line. You should routinely evaluate routine tasks for efficiency improvements. Below are some areas to review. No time to delve into behind-the-scenes processes? A business coach can save you time and money. And, fresh eyes can see the potential savings that you may not see.<br />Reduce Paper<br />One of the easiest ways to streamline your business is to look at the paper flows in your business. Step away from “it’s always been done this way” and look at why the information is needed? Perhaps you can eliminate the need for multiple touch points for paper documents, eliminate unneeded information or create new forms. For long-term storage and retrieval, consider a document management system for archiving.<br />Consolidate Software<br />Is your software integrated or do you have different software packages for various tasks? If you are re-entering data from one system to another, it’s time to look at a software platform. There are many software packages available to meet the needs of small businesses.<br />Update Software<br />Don’t upgrade your software automatically, but don’t ignore the additional functionality and timesaving features of upgrades. Evaluate new features to determine if they can streamline your tasks. Update your software or install plug-ins when it helps you save time on tasks or communicate easier with customers. This will give you the biggest bang for your money. <br />Create Online Forms/Storefront<br />When you provide standard quotes, products or services for customers and suppliers, it may be time to consider e-commerce (automatic electronic information). This can mean adding online forms for customers or working with your suppliers to streamline purchases.<br />Empower Employees<br />If you have been in business for a few years, you probably have employees that know the day-to-day operations of the business. Look for areas where you are comfortable empowering them to handle some of the workflow. Taking an extra decision-maker out of the process always improves efficiency.<br />Outsource Tasks <br />Some business tasks are routinely outsourced to freelancers or specialty companies. This gives you more time to concentrate on daily business and customers – and save money on employee costs. Some tasks include payroll, bookkeeping, and marketing. Look for areas where outsourcing can make sense for your business.<br />The Entrepreneur Source<br />kr@testricities.com<br />(423) 946 - 4128<br />

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