Building Productivity in Your Business, Five Steps to Success

If you had to ask people what contributed most to the success of a business, what do you think they would say? People would probably list things like reputation, quality of service, workplace culture, advertising spend and word of mouth referrals as key indicators of a business’ success. If we had to list any one thing that contributes to the success of a business we would say one thing: productivity.

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After all, if you look at traits such as reputation or quality, they all rely on people being productive in order for them to happen.

You don’t get anywhere when you don’t do anything, and so we believe that a huge part of your success comes down to how productive you are. In order to get your business thriving we have outlined three key tips to get your business to a state of higher productivity.

Step One – Get the most important (or nasty) tasks done first

We all know what it feels like when you get to work in the morning, and staring you in the face is that task that you put off yesterday because you really didn’t feel like doing it. Don’t you wish you had just gotten it out of the way?

A key thing to know about getting work done is that if it’s unpleasant or important (or unpleasant AND important) you need to get it done, pronto. That way you will have attacked the task when you’re fresh and ready to go in the morning and you’ll have more time to spend on other tasks during the day. Plus, you won’t have the weight of an important task hanging over you like a guillotine.

Win win, really.

Step Two – Manage time like a boss

When you are a business owner you need to manage your time well, which includes managing the time of your employees as well, so make sure you can prioritise it. Strong time management will trickle down into other areas of your business, which will be sure to help your business and employees to be more productive.

Step Three – Don’t multitask

While you might think you’re working like a pro checking your emails and balancing out a couple of editing documents, all the while chatting online to a prospective client, the fact is that you’re not spending enough time on any of these tasks. An unwavering focus on one task at a time (with proper time management) will be the best way to manage your workload, and make sure that each task is getting the attention it needs..

Step Four – Get it done

Sometimes you won’t want to do certain things, and this is just part of being employed. While procrastination is an easy pitfall and it can be difficult to stay focussed on an unpleasant project, allowing things to build up will be much worse in the long term.

Step Five – Keep your eye on the prize 

Make sure you always having something to work towards. If you are a Melbourne business with the aim to expand into other states or territories, then you need to be looking ahead and investigating your options. Take a look at http://www.servcorp.com.au/en/virtual-offices/prices-locations/brisbane/ to see the various virtual offices on offer. If you become overwhelmed, hiring a business coach who can help you to grow can pay for itself in the long term, so don’t be scared to look for help in boosting your business potential.

Don’t forget to work on building a strong work culture and focus on developing a plan that you can adjust and change to suit your business as it grows. A company’s strength is in the productivity of its employees, and making sure they have the structure and ease to work effectively will quickly boost your business’ potential.

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Tips on How to Make Your Own Business a Reality

Many people throughout their lives will have that light-bulb moment, you know the one, when an idea hits you for an innovation or an enterprise that you think could work. The sad truth is that far too many people don’t follow through with their ideas which can lead to regrets later in life or the possibility that someone else will come along with your idea and make it a success. There are many reasons why people won’t indulge their ideas and turn their dream into reality, whether it is fear, a lack of confidence or simply a defeatist attitude that stops them from doing this. If you fall into the bracket of having a fantastic idea and you’re not sure how to follow it through, then here are some tips on how to make your own business a reality.

Don’t Fear Failure

Almost every business or product that has been taken to the market has suffered setbacks along the way, these set backs are not failures, far from it. In fact, set backs are exactly what you need in order to perfect your craft, business or product and in a way, they should be welcomed. The notion of not trying something out in case you fail is one that should be dispelled from your mind, just go for it.

Research and Plan

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65% of start-up business’ fail in their first year, the reasons for this are usually a failure to understand the market and the competition and an overly optimistic financial forecast. Before you even consider heading into the marketplace, it is imperative that you understand your target customers and the competition that you may face. Spending time on this in the beginning is the difference between failure and success. From a financial standpoint, you should always have a full and realistic plan for income and expenditure in the first year, the best approach in year 1 is to be frugal and sensible with how and where you spend your money. Small business loans are a great idea when you are starting out but make sure that you borrow within your means as if you fail to do so then this will bring added pressure to your business.

Make Friends

Creating a community of support around you is one of the most important things you can do for your business, regardless of what field you are entering in to. Whether it be making contacts within advertising or people higher up the food chain than you, if you create these contacts in then beginning then they will pay you dividends in the future. Remember to offer help and support to others if you wish to receive the same thing in return.

Take Advice

You may well think that your idea is the best thing since sliced bread, while this may be true it is important that you never become arrogant in your decision-making. Always seek help and advice from others who either know you well or know the marketplace well. The wisest businessmen and entrepreneurs out there make the best decisions because they seek counsel and you should be no different, even if you are convinced of a certain path or strategy, you should always bounce it off someone first to see if they can see any cracks or holes in your plan.

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