Productivity Fails That Are Eating Your Business’s Profits

Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. When you start a business, it’s important to manage productivity as best you can so you can maximize profits. In order to do so, it’s important to think about where your productivity can be diminished. The following contributed post is thus entitled, Productivity Fails That Are Eating Your Business’s Profits.

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In the business world, time is money, and that means if your business is not spending your time in the right way, it ultimately impacts your overheads and so your profits. To that end, it is absolutely crucial that you avoid as many productivity fails as you possibly can. A topic you can read more about on the post below.

Emails

Emails are an excellent form of communication, in some cases. One of these cases is not between the employees that work in the same office or building. In fact, emails after a lousy way for people like that to communicate because they often cause more confusion and take up additional time in clarification that walking three desks over and actually asking the person would.

To that end, be sure to implement a no or minimum internal emails policy in your business. You may just be pleasantly surprised at the positive impact this can have on productivity.

IT fails

Few successful businesses work without IT these days, and in most cases, digital tech is integrated into every stage of a company’s process. This is fantastic for the most part because it speeds things up, allows users access to more information, and automates tasks, so they don’t have to be done by humans. Something that can actually improve productivity because it frees up staff to focus on critical responsibilities.

However, it also means that your entire business is dependent on your IT network being up and running effectively. Something that means when it does go down you can expect massive problems with productivity company-wide.

Happily, there is a way that you can prevent this from even becoming an issue, and it’s by ensuring that you proactively monitor your network.

In fact, network monitoring can pick up any issues before they become major ones and slow down your employee’s work. Something that can save you from having to deal with countless hours of downtime and increase your business productivity, and so your profits no end.

Workaholic culture

Believe it or not, working too hard and encouraging your employees to do the same is incredibly bad for productivity. This is because humans are only capable of focusing on a certain task for a short amount of time, and if you regularly encourage people to go beyond this, they will work slower and less productively.

To that end, encouraging regular breaks not only throughout the day but with vacations days as well is absolutely necessary.

Poor training and onboarding

When people don’t feel secure in their roles, they are unlikely to work most productively. What that means is that skimping on staff training and onboarding programs may seem financially viable in the short term, but over time you could actually be hurting your business’s profits.

In fact, staff training in both hard and soft skills doesn’t just affect productivity, but also customer service too. Something that makes it an essential aspect of running a business to get right, if you want to turn a decent profit.

Author: anwaryusef

Anwar Y. Dunbar is a Regulatory Scientist. Being a naturally curious person, he is also a student of all things. He earned his Ph.D. in Pharmacology from the University of Michigan and his Bachelor’s Degree in General Biology from Johnson C. Smith University (JCSU). Prior to starting the Big Words Blog Site, Anwar published and contributed to numerous research articles in competitive scientific journals reporting on his research from graduate school and postdoctoral years. After falling in love with writing, he contributed to the now defunct Examiner.com, and the Edvocate where he regularly wrote about: Education-related stories/topics, Science, Technology, Engineering and Mathematics (STEM), Financial Literacy; as well as conducted interviews with notable individuals such as actor and author Hill Harper. Having many influences, one of his most notable heroes is author, intellectual and speaker, Malcolm Gladwell, author of books including Outliers and David and Goliath. Anwar has his hands in many, many activities. In addition to writing, Anwar actively mentors youth, works to spread awareness of STEM careers, serves on the Board of Directors of the Friends of the David M. Brown Arlington Planetarium, serves as Treasurer for the JCSU Washington, DC Alumni Chapter, and is active in the Dave Ramsey Financial Peace Ministry at the Alfred Street Baptist Church. He also tutors in the subjects of biology, chemistry and physics. Along with his multi-talented older brother Amahl Dunbar (designer of the Big Words logos, inventor and a plethora of other things), Anwar is a “Fanboy” and really enjoys Science-Fiction and Superhero movies including but not restricted to Captain America Civil War, Batman vs. Superman: Dawn of Justice, and Prometheus. He is a proud native of Buffalo, NY.