3 Key Steps to Make Your Business More Efficient and More Profitable
15 February 2021:
The Covid-19 pandemic has arguably imposed more challenges to the way companies have done business than any other single event in living memory, if not longer. Whilst the external pressures on a business have increased, many enterprises are still handicapping themselves by not building-in even the most basic system efficiencies. By effectively managing and prioritizing your business’ inputs, most particularly the labor-hours of you and your senior team, you can release greater outputs and ultimately revenue.
Here are three key principles for optimising efficiency, to release your business from self-imposed constraints, in 2021.
1. You are not a manager, you are a leader
Leadership and Management are both the same, right? Wrong, couldn’t be more wrong – stop it! Warren Bennis, Professor of Business Administration and an Organisational Consultant is quoted as an opening: “The manager accepts the status quo; the leader challenges it”.
Source: Entrepreneur
