8 Ways to Run Your Business as Efficiently as Possible

Whether it be automation or documentation, there are always ways to improve your company’s day-to-day efficiency.

Question: How do you improve business efficiency?

Use Task Management Software

"Email isn't an ideal method of communication or collaboration on teams. At Hubstaff, we use task management software like Trello so that our communication and work progress is all in one place. It saves everyone the time of having to go back and forth on emails, and it also lets us track progress more efficiently. "


Encourage Face-to-Face Interaction

"Skype, Google Chat and other online communication tools are always helpful when trying to shoot over a quick message to your colleagues. However, face-to-face interaction really speeds up the process of solving a problem, answering a question or getting something important clarified. Encouraging employees to openly talk with each other when they need to will create a steady flow of information."


Hold a Daily, 10-Minute Company Meeting

"Each day, we gather as a company for a 10-minute meeting called the Daily Huddle. The meeting serves as a firehose of information that keeps everyone in the loop, including a roundup of our key performance indicators, the celebration of accomplishments, and the identification of opportunities to improve. This process keeps us running efficiently as unnecessary meetings are eliminated."


"Single-Task" to Get More Done

"Our entire company is currently working on upping our "single-tasking" game and not moving on to the next project until the current one is complete. "Single-tasking" allows you to get more done quickly by not letting projects rot on the vine when they're almost complete. It's easy to falsely feel productive when you have 10 projects going on, but nothing actually getting out into the world."


Discourage "Got a Minute?" Meetings

"One of the most common and inefficient uses of time and energy are frequent "got a minute?" meetings. These meetings are the ones that are unscheduled and typically distract from productivity. The reality is that almost nothing important can be accomplished in one minute, which means one minute turns into 15 minutes or longer and ends up being a terribly inefficient management of time."


Know When to Stop

"Efficiency is important -- no question. But for startups and entrepreneurs, focusing too much on efficiency can distract from what is really important for our businesses: growth. At SiteLock, we do focus on efficiency in key areas: hardware utilization, service-level agreements, etc., but we always remind ourselves that our most important goal is growth. This includes customers served, products offered, and brand strength."


Resources

8 Ways to Run Your Business as Efficiently as Possible

Whether it be automation or documentation, there are always ways to improve your company’s day-to-day efficiency.

Question: How do you improve business efficiency?

Use Task Management Software

"Email isn't an ideal method of communication or collaboration on teams. At Hubstaff, we use task management software like Trello so that our communication and work progress is all in one place. It saves everyone the time of having to go back and forth on emails, and it also lets us track progress more efficiently. "


Encourage Face-to-Face Interaction

"Skype, Google Chat and other online communication tools are always helpful when trying to shoot over a quick message to your colleagues. However, face-to-face interaction really speeds up the process of solving a problem, answering a question or getting something important clarified. Encouraging employees to openly talk with each other when they need to will create a steady flow of information."


Hold a Daily, 10-Minute Company Meeting

"Each day, we gather as a company for a 10-minute meeting called the Daily Huddle. The meeting serves as a firehose of information that keeps everyone in the loop, including a roundup of our key performance indicators, the celebration of accomplishments, and the identification of opportunities to improve. This process keeps us running efficiently as unnecessary meetings are eliminated."


"Single-Task" to Get More Done

"Our entire company is currently working on upping our "single-tasking" game and not moving on to the next project until the current one is complete. "Single-tasking" allows you to get more done quickly by not letting projects rot on the vine when they're almost complete. It's easy to falsely feel productive when you have 10 projects going on, but nothing actually getting out into the world."


Discourage "Got a Minute?" Meetings

"One of the most common and inefficient uses of time and energy are frequent "got a minute?" meetings. These meetings are the ones that are unscheduled and typically distract from productivity. The reality is that almost nothing important can be accomplished in one minute, which means one minute turns into 15 minutes or longer and ends up being a terribly inefficient management of time."


Know When to Stop

"Efficiency is important -- no question. But for startups and entrepreneurs, focusing too much on efficiency can distract from what is really important for our businesses: growth. At SiteLock, we do focus on efficiency in key areas: hardware utilization, service-level agreements, etc., but we always remind ourselves that our most important goal is growth. This includes customers served, products offered, and brand strength."


See Also: Why Your Existing Customers Are All You Need to Increase Your Profits

If you have insights like this to share,

and join us!