flevyblog

Flevy Blog is an online business magazine covering Business Strategies, Business Theories, & Business Stories.
MANAGEMENT & LEADERSHIP STRATEGY, MARKETING, SALES OPERATIONS & SUPPLY CHAIN ORGANIZATION & CHANGE IT/MIS Other

Best Small Business Productivity-Boosting Strategies in 2020

From knowing how to fill out a W-9 tax form correctly to supervising employment and on-the-job training of new team members – there is not a single aspect in the entire business ecosystem that does not require the owner’s control and partake. When working as an own boss, you will need to learn and master tons of useful skills to make sure all the processes within your company are tuned and running smoothly. Thankfully, there are always strategies you can adopt to make managing a small business easier.

1. Delegate Small Tasks

The majority of small company owners are natural doers eager to perform all day-to-day business tasks themselves. Even when they do delegate, these people often feel the need to keep a close eye on things. While such a hands-on approach is laudable, it is essentially counterproductive and makes the whole idea of delegating pointless. There are only so many hours in a day and knowing when to deputize the small tasks to others is a crucial skill in a good manager’s arsenal.

Take some time to learn your employees’ professional strengths and weaknesses. Doing so will allow you to delegate tasks to people who have the abilities and experience necessary to handle a specific assignment with maximum efficiency. It is a known fact that employees who are trusted with more responsibility tend to be more interested in making the business succeed.

2. Automate Business Processes Where You Can

Running a small business is often associated with doing repetitive tasks, most of which can easily be automated. Small company owners often feel reluctant to invest in workflow automation since they worry that they will not be able to cover the expenses or fear it will cost some employees their jobs. However, automating monotonous steps not only helps increase your bottom-line earnings but can also clear an additional workforce to take care of some more pressing and creative tasks.

You will first need to conduct an in-depth analysis of the business processes to know which areas of your small business can be automated most usefully. Many small company owners prefer to start with sales and digital marketing and work their way up to production and distribution.

3. Combine Tasks and Stay Concentrated

Focusing on a single task for a long time is more productive than switching between many smaller activities. To achieve the best results, consider batching a few tasks that involve similar processes and skills into one. Instead of handling your email correspondence routine at different times of day, try doing it in one go. Even though such a task will take longer to complete, you will end up with more time to spend on other essential activities – all while staying 100% focused.

4. Embrace Changes

Any good or bad change in the company starts with you as a small business owner. Getting too comfortable with how things are going and not trying to change, improve, or modernize your products, ideas, work processes, and marketing strategies is a dangerous path, which leaves you vulnerable to competition.

An idle and complacent business owner cannot expect his employees to readily embrace the change or show more enthusiasm and eagerness in their work. In the turbulent economic times that we are experiencing today, being willing to adapt to change in a flash is what keeps small businesses afloat and thriving.

5. Take Advantage of Innovative Technology and Tools

The surest way to boost the efficiency of your small business is to make use of the latest and most innovative technologies and tools, which were specifically designed for solving business productivity issues. Pay close attention to the following tools that are popular among small business owners:

  • Calendly – a handy web-based app that allows you to streamline your meeting scheduling efforts. No need to exchange numerous emails with your colleagues when planning a meeting. Share a Calendly page link that is attached to your business calendar and see if you can find a time in your busy schedules that will work for everyone.
  • ZipRecruiter is a trusted job board site. It automatically shares your post across multiple other job board sites, enabling you to reach a wider audience of potential candidates and improving your chances of finding the right person for the job.

Final Verdict

Building a thriving small business requires one to invest a lot of time, energy, and money. To increase your chances for success, you have to delegate, stay focused, embrace change, employ new solutions and technologies, and be willing to automate repetitive business tasks. Making sure that your business processes are efficient and optimized will help your company withstand any economic turbulence.

About Shane Avron

Shane Avron is a freelance writer, specializing in business, general management, enterprise software, and digital technologies. In addition to Flevy, Shane's articles have appeared in Huffington Post, Forbes Magazine, among other business journals.


Complimentary Business Training Guides


Many companies develop robust strategies, but struggle with operationalizing their strategies into implementable steps. This presentation from flevy introduces 12 powerful business frameworks spanning both Strategy Development and Strategy Execution. [Learn more]   This 48-page whitepaper, authored by consultancy Envisioning, provides the frameworks, tools, and insights needed to manage serious Change—under the backdrop of the business lifecycle. These lifecycle stages are each marked by distinct attributes, challenges, and behaviors. [Learn more]
We've developed a very comprehensive collection of Strategy & Transformation PowerPoint templates for you to use in your own business presentations, spanning topics from Growth Strategy to Brand Development to Innovation to Customer Experience to Strategic Management. [Learn more]   We have compiled a collection of 10 Lean Six Sigma templates (Excel) and Operational Excellence guides (PowerPoint) by a multitude of LSS experts. These tools cover topics including 8 Disciplines (8D), 5 Why's, 7 Wastes, Value Stream Mapping (VSM), and DMAIC. [Learn more]
Recent Articles by Corporate Function

  

  

  

  

  


The Flevy Business Blog (https://flevy.com/blog) is a leading source of information on business strategies, business theories, and business stories. Most articles have been contributed for management consultants and industry executives with over 20 years of experience. If you would like to contribute an article, please email our editor David Tang at [email protected].

Flevy (https://flevy.com) is the marketplace for premium business documents, such as management frameworks, presentation templates, and financial models. Our documents are of the same caliber produced by top tier consulting firms, like McKinsey, Bain, Accenture, BCG, and Deloitte. Learn more about Flevy here.


Connect with Flevy:

   
  


About Flevy.com   /   Terms   /   Privacy Policy
© 2021. Flevy LLC. All Rights Reserved.