Running a business is tough, but it can run more smoothly by simplifying operations with the right systems and processes in place.
Here are six strategies to consider so that your business runs more smoothly.
Get the right team on board
Do you have the right team? Human resources experts advise that when hiring, consider the three I’s: Integrity, initiative and intelligence. Additionally, consider hiring those with improved soft skills. A good employee should co-exist with others regardless of their title or position. Team players are assets to any organization and can make running your business easier.
Be hands-on and part of the team
Your employees already know who the boss is, so make a conscious effort to be a part of the team and lead by example. You will not only understand the challenges your employees have but you also get to learn the intimate operations of your business. This does not mean that you turn into a master of all things and micromanage everything. However, being more hands on lets your employees know you’re making an attempt to understand what they do. It also shows them that you’re also accessible and approachable.
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Communicate, then communicate more
Do not assume your employees will understand all your decisions. Yet it is important to focus on the desired outcome for the business so everyone understand why they are doing what you ask. Let everyone on your team know their roles and your expectations. One of the significant sources of workplace strife is a collision of duties. When duties are not well defined, it creates conflict and unhealthy internal competition. Such problems are energy suckers and can make the work environment needlessly tense. As a leader, communicate and point everyone in the right direction. When all are walking in the same direction, conflicts decrease.
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People have different personalities. As a leader, bring everyone on board and make them feel like they are an important piece of the business. No one should feel superior to the other. Spend time with your team and get to know them beyond the office. When employees feel that you care, they will perform better at work.
Get your team’s view and advice on the operations and business. You do not need to implement everything they tell you but you will get to learn a few things from them. Doing so can help employees take charge and responsibility for the success of the business.
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Reward, compensate and train well
A reward is an excellent way to boost productivity and morale in the workplace. Happy employees will be more productive employees and therefore help your business run smoothly. Rewarding and compensating may not always include a financial increase.
Find out what your employees value in their lives and provide them with it. That could be time off, gift cards and even an office party celebrating their work.
Do not limit the training to strictly job-related. Other areas that will empower your employees are life skills and personal finance lessons among others. When you invest in your employees, you are the ultimate beneficiary. The leading cause of stress in individuals today is financially related. If you choose to train your employees on how to manage their money better, you will get stress-free people. As a result, they will deliver more and make their workplace a better place.
The value of your business is directly related to how smoothly your business operates. A smoother working business leads to more engaged employees, sales teams, leadership and customers. If you simplify your business, you will also simplify your life!
About Ebong Eka
Ebong Eka is no stranger to the world of personal finance. As a certified public accountant and former professional basketball player he offers a fresh perspective to small business planning and executing. With over fifteen years of accounting, tax & small business experience with firms like PricewaterhouseCoopers, Deloitte & Touche and CohnReznick, Ebong provides practical money solutions tailored to the everyday person, the aspiring entrepreneur or the small business owner.
Ebong is the founder of EKAnomics, a sales, pricing and leadership firm. He is also the founder of Ericorp Consulting, Inc., a tax and management consulting firm. Ebong is the author of “Start Me Up! The-No-Business-Plan, Business Plan.”
Ebong is also the founder of The $250 Tax Pro, which provides tax preparation and consulting services in the Washington, DC area.
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