5 Ways to Improve Efficiency in Your Family Business

 

If you want to get ahead in business, you need to be more efficient. This is true for all aspects of your business, not just one. Getting more done in the time you have available is key to getting an edge over the competition. So use the tips below and take your company from where you are to where you want to be:

 

SOP

An SOP, or standard operating procedure, is a key part of making your business more efficient. It is a step by step instructional guide to performing a range of tasks. An SOP can be created for anything in your business.

 

Take customer service, for instance. When you get an email, you need to respond in a certain way. That way, your customers are getting fast service and having their issues resolved.

 

To create an SOP for a customer service inquiry, you might tell your agents exactly how to check the inbox. Then, you can instruct them how to answer common problems. Write this all on a document for further review and storage.

 

When you take the time to create SOPs for your processes, your efficiency will improve. This can be done for tech roles, customer facing roles, and more. So don’t be hesitant to create such a document for anything that is important to your future.

 

Better Internet

Without the right internet speed, your company is going to suffer. You need to be able to connect on video calls, send out messages, check your social media, and share documents when collaborating with team members.

 

Slow internet speeds make all the things above difficult or even impossible. Search around for internet providers if you don’t have the speeds you need right now. You might be surprised by what you could accomplish with faster web connections.

 

Meetings

The meetings that you are having now might be somewhat productive. However, there is always room to improve. The first thing you can is simply have more of them. More meetings allow your team to meet with each other more often, thus they will have better rapport and communication.

 

The other way to improve meetings is to apply deadlines and specific criteria for each one. Instead of letting them go on too long, consider cutting them shorter. This means you have to get to the point and focus only on the most important things.

 

Smart Goals

Your results will happen much faster if you set goals and use them as guideposts. Without goals, you are simply wandering around in the dark. This makes it harder for your team to be truly productive.

 

For goals that will really move the needle, make them smart. This means that they need to be specific. They should have an exact deadline, a criterion that defines exactly what success or failure would mean, and a list of actions that need to be done. That way, all you have to do is refer back to your goals if you or your team are feeling lost.

 

Analytics and Data

Data is crucial in today’s technical driven world. Without the right data, you won’t get key insights into your market or customers. However, you also need to know what to do with the data.

 

Make sure that when you run marketing campaigns, you are collecting every piece of information available to you. From the background of prospects, to the conversion rates, to the various headlines or copy you use, test everything. That way, you have a clear picture of what is working or not and your efficiency on the marketing front will improve.

 

When it comes to business, being efficient is essential. When you are able to get the same things done in less time using less resources, your company wins. So dominate the marketplace instead of losing opportunities to competitors by using the five tips above. That way you can enjoy the peace of mind of more profit and success.

 

Craig Middleton

Craig has worked in health, real estate, and HR businesses for most of his professional career. He graduated at UC Berkeley with a bachelor's degree in Marketing.

Leave a Reply