January 9th, 2010

How to trim the fat

Here are some tips to help you "cut the fat and improve the productivity of your business. If you ask some of these, you're well on your way to achieve greater profitability and creating less stress!

1. Cut the Slackers!
"Carrying weight employees dead? To lose now! "Have you ever tried to run a marathon, while a tractor tire old? This is what it is like trying to grow a productive business with unproductive (or unmotivated) employees. Not only add value to their bottom lines, they will drag other "productive" work colleagues at their level. Court a slack worker (legally of course) will actually increase the productivity of other colleagues.

2. Cut the paper!
"Start a war on paper! "You need to print that e-mail to read? O brief? Clutter in small office desks and promote better use of the digital display. Ask the customers e-mail instead of fax files, and print media. Use a web project management time-based monitoring or solution and not paper based timesheets. Get the drift – saves trees too!

3. Reduce the time!
"A task can take two to 10 minutes to an hour! "Have you noticed that if you give a task (ie: writing a proposal) to an employee and have a day to do it, will, but if you give them three days to do the same thing, guess what, they will take 3 days! Set tight deadlines and accurate (ie: 3:30 pm Wednesday) on important tasks, and their staff be more productive.

4. Cut costs!
Plug all holes in your cash flow! " List of all your business expenses. Beside each one, write one of the following: Need for, examine, Enough. Take this list to either a receptionist or employee with some free time. Make work through the list first on the cost of 'Cut'. This will create immediate savings. Then ask them to 'Review' expenditure needs, but perhaps you could get a better deal. "Trimming the fat" every six months can help you generate profits.

5. Objective Work Program!
"One project for $ 20,000 to ten projects for $ 2,000 each." Note the type of work you're targeting. Does it penalty led to a different type or value of work? Most businesses just "do what we've always done" rather than seek more profitable income. Think carefully about other more profitable your business can do with their available resources.

6. Do not work late, get there early!
"A clear mind is a productive mind!" Outside of work, this time should be used for recharging. Do not take home extra work, and not just go home, relax, playing golf, jogging, enjoy family and come early to make that extra work. Not only will it work better after relaxing, but your family life better!

7. Motivating Staff, Incentives offer!
"Personal priorities are not the same as the priorities manager!" Managers, owners and managers have different motives and personal priorities. The fact that you are excited about your business does not mean that staff. Your mind is on the bottom line, while staff that of their pay, and pays them whether to perform or not. Motivating staff performance related bonuses such as money, free time and labor flexibility.

8. Rental multipurpose workers!
"Expand your knowledge base without the expense!" It is better to have two designers / developers, a designer and a developer. multiskilled workers, by nature, tend to be better problem solvers, more flexible and more productive than skilled workers only. You will also have more options for delegation of work and due to increased knowledge base will be able to assume a wide range of projects.

9. Clean out your Tables!
Start Week "Fresh. Make it company policy that every Friday, check out staff, all loose paper is to be filed away or organized in racks, drawers, folders or cabinets. A messy work area is a disordered mind. By having staff organize their desks on Friday, when starting on Monday, they will obtain information directly focused on the job, instead of looking for the disorder wondering where to start. More productive time!

10. Clean your digital files!
"Making it easy to find the information! "Looking for hard drives and servers can lose a lot of productive time. Designate an employee technology work to put in order the server. Ask them to logically organize files into folders of clients, archive or delete old files, worldwide access to the verification network has a good and tidy desks and staff from other PC.

11. Prioritize your 20% 'res!
"No important things first!" The Most dilate in 20% of the tasks that create 80% of revenues. At the end of each day, make a list for the next day. If you have 25 tasks, list the 5 most important tasks of revenue generation (20% response), then the list of the five most urgent tasks (usually admin). By working through the items 20% in the first place that is working 'in' the business (growth), rather than 'in' the business (maintenance).

12. Check your services!
"Their services must be team players, not only the expenses! Do you think your accountant, lawyer or an expense? Or is it really add value? A good accountant will save you more money than they cost. With so many accountants, lawyers, printers, etc. available post, are you sure it is working as hard as you can be? Every 6 months you should check your external services with this question in mind: "Are they helping or hindering my business?"

13. Systematize their processes!
"How I can make it easier, faster and cheaper?" As a matter of habit always find a way to systematize the process. Create e-mail templates, template forms and documents with a "table of functions and responsibilities," use the applications of process automation, digital timesheets, autoresponders, etc. almost all automatic payments on your business processes can be creatively systematized to be easier, faster and cheaper! If a process organization three months, that is 36 processes a year – what a difference!

14. The workers use remote!
"Just pay for what you use!" Each member of staff not only salary costs but also a chair, a desk, a computer, power, square footage, coffee in the kitchen etc. Using remote workers and contractors save money and maybe not even need a huge office. Even have to pay for your own coffee!

15. Learn to delegate!
"Work on your business, not on it!" If you are a manager, you should spend at least 80% of their working time on growth, systematization, trimming, and strategic planning. Are you spending too much time on household chores and hard work can be delegated? If so, learn to delegate (or employer of contractors), as the free will of their time to concentrate on the big picture – "The growth of your business and make it profitable!"

About the Author

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