5 Tips To Make Your Business More Productive

According to recent studies, more than 40% of the time of entrepreneurs is wasted in non-productive activities that do not contribute to the growth of their businesses.

Unfortunately, many are not aware of this problem and only perceive it until the moment their company is in financial trouble or in imminent danger of failure.

True productivity has to do with good management of time and resources. It has to do with defining priorities and achieving a clear focus to address them. But for this, a leader is required to set the course and lead his team towards the correct execution.

Attending to multiple activities can become a dangerous mirage that makes us think that by doing more, we are moving forward.

5 TIPS FOR BUSINESS PRODUCTIVITY

The starting point to determine what is really productive in your company is to have very clear priorities and the objectives that we want to achieve.

  1. Define what is important. One of Stephen Covey’s principles in his book The 7 Habits of Highly Effective People is to define what is important.

    Every year, every month and every week you must define clearly and together with your work team what is the most important thing to do in that period of time so that they can focus on it and avoid being diluted only in urgent activities or “put out fires” .

    A good technique is to establish, for example, 3 important objectives for the week and that the greatest investment of time and resources is focused on achieving them.

  2. Identify and eliminate distractions. It is very common that without realizing it we are absorbed by different distractions and some of them can be subtly disguised as productive tasks , but many times they only become an “activism” that does not contribute anything to the real productivity of your business and only ends being a waste of time.

    Start by identifying them and removing them from your activities and those of your collaborators.

    Some examples: immoderate use of social networks , chatting for a long time, checking your facebook constantly, unnecessary meetings, extensive personal phone calls, etc.

  3. Reduce the internal “bureaucracy” of your organization. Procedures and rules are protection mechanisms that should contribute to order and effectiveness, but when they become increasingly bureaucratic, then the effect is the opposite.

    An organization can become bureaucratic when too many bosses are involved in completing procedures, when people are not empowered to make decisions, or when paperwork mounts.

    Requirements for signatures, documentation or multiple revisions can be just some of the activities that, far from making you grow, can ultimately make your company less efficient. Of course, eliminating the bureaucracy that has often been built up over the years will not be an easy task, but it is well worth having as a goal.

  4. Learn to say no. A bad habit that we develop as entrepreneurs , without realizing it, is to try to take care of everything, be in everything, accept any invitation or pretend to decide everything. If you truly want to take your business to a new level, a good productivity principle is to learn to say NO to some things.

     Evaluate which activities really contribute to your growth and simply say “no thanks” to the others.

    Politely decline invitations to irrelevant events, delegate minor tasks to your middle managers and that way you will have more time and intellectual resources to stay on track, vision and better achieve your goals.

  5. Learn to rest. Some entrepreneurs work tirelessly up to 15 hours a day, 7 days a week thinking that this way they will achieve more results. Nothing further from reality.

    Physical and mental rest are essential to make us more productive men and women . It is a medically proven fact that resting and “unwinding” periodically contributes to better mental performance.

    Establish a culture of rest and vacations in your company where your employees and yourself can enjoy that productive disconnection regularly.

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