Productivity is the key driver of business growth. When it is low, your business will struggle; and when it is high, your business will prosper. It provides many business benefits.
The more productive your business, the faster it will grow because productivity makes it easier to be competitive and continually increase your market share.
Think of it as a rising tide that lifts all boats. Besides improving the prosperity of your business, it will also uplift the mood of your workforce. Employees who feel more engaged by the work itself are happier employees. They not only aspire to do a better job and earn higher wages, but they also look forward to the many emerging opportunities in your company.
Select the Right Tools
Instead of just relying on human will and effort to improve your business, select the technology that you need to make your employees work faster. Technology can multiply productivity many times. Using the right technology at work improves efficiency and produces superior results.
Investing in technology is less about building expensive infrastructure and more about using the right software. Your choice of software can make an enormous difference in how well your organization functions. For example, using Thrive, a software developed by a business funded by The Chernin Group, can make it easier to manage your small business. This project management software provides users with intuitive modules for time tracking, providing quotes, and creating invoices.
Productivity Is a Learnable Skill
Productivity in your business is never an accident. Instead, it’s always the result of setting clear goals and expectations and developing well-thought-out plans.
If you’re not sure about how to create a clear vision for your company, then it’s worth spending the time to educate yourself by joining professional organizations and attending leadership-training workshops and seminars.
Remember, leadership is a learnable skill—so learn what you need to do to move your business forward.
Besides improving your ability to lead a team, it may also be beneficial to hire a business consultant to help you create a superior business plan.
Once you’ve boosted your own productivity as a business owner, then the next step is to motivate and reward your staff to be more productive.
Upgrade Staff Skills
Employee training is a powerful way to boost business productivity.
Ideally, you should hire a software trainer to educate your employees on how to get the most value from the software you purchased. It’s a mistake to give employees a training manual or instructive CD-ROM and ask them to figure it out.
Still, it may not always be cost-effective to hire a professional software trainer, particularly if you’re a solopreneur or only hire a few employees.
If a software trainer is outside your budget, here are three tips on how you and your employees can learn new software by yourselves:
- Schedule a time to learn technical skills. A workplace is a hectic place. So—what doesn’t get scheduled, doesn’t get done.
- Identify technology-related media sources. A lot of information is available online that can help you understand things better. Sometimes user manuals and CD-ROM instructional programs are not clear. You may be able to get a better grasp of how something works by watching YouTube videos or reading in-depth blog posts.
- Speak to an expert user. If you and your staff still can’t figure out how to use a new piece of software, find an expert user, such as a business colleague.
All things considered, it’s important to keep in mind that productivity isn’t a talent, it’s a skill. Ironically, it’s rare to find a business that considers productivity a learnable skill. Instead, most small business owners, as well as managers of medium or large businesses, assume that being productive is simply about working harder.
The result of this simplistic approach is that people work inefficiently, produce small results, and exhaust themselves. A more constructive approach to boosting productivity is to review the considerable body of management literature on productivity, set up formal or informal training programs to implement the discipline, and use the right technical tools.