4 Key Steps To Streamline Your Business and Save Time

Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Your most valuable asset is your time and thus as a business owner, you have to think about how to optimize your operations so they can be as efficient as possible. The following contributed post is entitled, 4 Key Steps To Streamline Your Business and Save Time.

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Time is money in business and every penny saved is a penny earned. Being able to streamline your business and cut down on wasted time helps massively in your quest for business success. However, if you are new to running or owning a business it can be a bit confusing, or even overwhelming, wondering what areas of your business that you can save time in or even eliminate altogether. Here are 4 key steps you can take to better streamline your business and maximize your time.

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Standard Operating Procedures

Standard operating procedures, or SOPs for some, are a method of operating that lays out clear guidelines and procedures for performing certain tasks. They should be clearly written down and accessible, especially if you plan on bringing new hires into the company. What these procedures do is help you set up new hires and existing staff with the tools they need to complete tasks quickly and efficiently. By ensuring that all parts of any given task are laid out clearly and with attention to detail, there should be no excuses when it comes to performing tasks correctly and with speed.

Outsourcing

Outsourcing is a great way to take some of the stress of running a business away from yourself, so that you may focus on other more important areas, such as customer acquisition and actual work. Anything can be outsourced these days, including your HR, payroll, and general administration. Finding a company that provides all of these services in one place is a huge benefit as you don’t then have to deal with multiple agencies who provide your services. For time and cost-saving, it is worth looking into what companies are out there and how they can help, such as the company at the next link (https://employeradvantage.com/payroll-service-management-and-the-latest-software-solutions/)

Automation

Automating certain parts of your business allows you to save time on smaller tasks that would normally take up your day. You can automate most things from email responses to invoice generation. Remember though that just because you can automate something doesn’t mean you should. Some tasks still require a human touch so if you are going to set up automation make sure that you can keep an eye on it. Some software can be found for free or some can be paid for so If you do end up paying, make sure you are considering how much you are paying to how much time you are saving. Make sure it’s worth it.

Reduce Paper Usage

Reducing your paper waste is a great way to streamline your operations. By removing paper usage you can remove the time that it takes to process and digitize. Doing this will save a number of hours in the long run which will again save you money as well. However, there are some documents that just cannot be eliminated no matter how hard you try. For these documents, it is recommended that you implement a solid and function paper filing and documenting system. It isn’t enough to just put them in a folder and hide them in a drawer somewhere. You must be able to access them as and when you need them, and to be able to do so quickly and efficiently.

3 Tips for Being More Respectful of Your Time

The first principle of my blog is Creating Ecosystems of Success and a key focus is Health/Wellness. A key problem many people have is not respecting their own time. Unfortunately time management is not something that is taught across the board. The following contributed post is entitled, 3 Tips for Being More Respectful of Your Time.

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In life, there are all sorts of resources of various types that you might have plenty of – or very little of – depending on a broad variety of circumstances.

One thing that everyone has equal access to, however, is the time available in a given day. No matter whether you are the most quick-witted and enterprising business guru in the land, or someone much more ordinary, you will never have more than 24 hours in a day to spend attending to your chores, chasing your dreams, and all the rest.

Very often, we end up convincing ourselves that the reason why we don’t do the sorts of things we would ideally want to do in life, is because we just “don’t have enough time.”

While time constraints are obviously real, it’s also true that we frequently sabotage ourselves and develop a distorted sense of what is and isn’t possible, due to the fact that we aren’t as respectful and thoughtful of our time as we should be.

In her book “168 Hours,” the writer Laura Vanderkam details many examples of successful people in a variety of fields who have nonetheless managed to juggle their hobbies and personal lives alongside fruitful careers. The secret? They always found a way to squeeze in a bit of time on a regular basis for the things they were really passionate about, even in spite of all the odds.

Vanderkam shares one particularly telling anecdote in the book, where she describes having read a publication where various members of the public waxed lyrical about the brilliant things they would do if they only had an extra 20 minutes or so a day to spend. Predictably, there were a lot of people who were apparently going to live out their dreams and pursue their hobbies if only that extra sliver of time would materialise.

Considering the fact, however, that the average person spends several hours a day watching television – this can’t help but ring a bit hollow.

Here are a few tips for being more respectful of your time in general, so that you can live your life in line with your true values, hopes, and principles.

Consider auditing your time for a while to see just where it’s actually going

In “168 Hours,” Vanderkam proposes a great exercise for raising time-awareness – that is, keeping daily “timesheets,” detailing how you spend all your time for at least a week or two at a stretch.

This isn’t necessarily meant to be a permanently ongoing exercise. The key point is that it will shine a light on just what’s actually happening with your time, so that you are no longer likely to be so inclined to feel as though the minutes and hours have just swept by in a blur.

After doing this exercise for a few days, you might be shocked to find just how much of your “working hours” were actually spent on browsing the web. Or how many of your evening leisure and relaxation hours were not actually spent on entertainment, time with friends and family, or relaxation, but were rather dedicated to checking work emails after hours.

There is a famous old saying that “what gets measured, gets improved.” By the same token, if you never actually track how you’re spending your time, you will inevitably have a very limited scope for mastering it and treating it with more respect.

Realise that outsourcing certain things is often a great way of freeing up more time

Generally speaking, it’s quite common for people to be reluctant to spend money outsourcing things that they could – if pushed – do by themselves.

Of course, it’s good to be self-reliant and not to spend money gratuitously, but both in your working life and your personal life, it will often be the case that “outsourcing” various tasks, projects, and chores, is one of the best and most reliable ways of freeing up more time that you can then spend more fruitfully.

If you are an entrepreneur, for example, there is quite a good chance that you will naturally be predisposed to try to micromanage your business as much as possible. But everyone has limited time, a limited range of skill sets, and a limited amount of energy to spend on a given day.

Bringing a third party network management company on board, for example, might therefore not only mean that this dimension of your business gets handled more effectively, but that you also suddenly find you have far more time and energy available in your day to spend on other things.

Use the power of your environment to keep you focused and on point

There is a popular idea in productivity-focused circles that suggests that willpower is the end-all-be-all when it comes to things like proper time management.

While willpower is certainly important, however, it is not a resource you can draw on endlessly in order to try and structure and arrange every aspect of your daily existence. According to the psychologist Kelly McGonigal, author of “The Willpower Instinct,” research suggests that willpower is actually a finite and expendable resource. If you try to rely on it too heavily for too many things, you’re setting yourself up for burnout and failure.

In order to be more respectful of your own time, and to manage your time more effectively, one of the most powerful things you could do would be to use the power of your environment to keep you focused and on point.

What exactly does this mean?

Well, essentially it means that as human beings we are all inclined to follow the path of least resistance, by default. The way you structure your environment can therefore serve to nudge you down more or less fruitful and intentional paths, requiring varying degrees of willpower.

When it comes to being more respectful of your time, a good environmental shift might be something like installing a web blocker on your computer to keep distracting sites at bay during certain hours. Or, surrounding yourself with people who will keep an eye on you and keep you accountable if you’re supposed to be meeting a certain deadline by a certain time.

Reduce Business Downtime to Save Time and Money

Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. A key to any business operation is increasing productivity and efficiencies. Doing so will increase the likelihood of staying viable and outlasting your competitors. The following contributed post is entitled, Reduce Business Downtime to Save Time and Money.

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Downtime for your business can cause all sorts of problems. Your business can waste time and money while you’re trying to get back to normal, and it can even damage your reputation if you’re not available to your customers. When you’re experiencing a lot of downtime, it can have a significant effect on your business, and it won’t be a positive one. By reducing the amount of downtime your business experiences, you can improve productivity, save time and money, and boost your business reputation with your customers too. Here are some of the ways you can start reducing downtime so your business can run more smoothly.

Get the Right IT Support

In any modern business, experiencing IT problems will often mean that the whole company comes to a halt. Severe disruptions can occur if certain things aren’t working as they should, interrupting the systems that the business relies on. One of the smartest ways to deal with this problem is to ensure you have the right IT support. For many businesses, especially smaller ones that can’t afford large IT departments, managed IT services are an excellent choice. If you visit the fidelis website at fidelisnw.com, you can see how one company can provide managed services that keep your business going. With managed IT support, you can concentrate on other areas of your business.

Image from Pixabay – Pixabay License

Perform Preventative Maintenance

The most significant disruptions to your business can be caused by sudden problems resulting from equipment that stops working. Whether it’s office equipment or manufacturing equipment, you don’t want your business operations to stop suddenly because essential equipment isn’t available. If you want to avoid this type of thing happening, preventative maintenance is the best option. You need to ensure regular maintenance of key equipment so that any problems can be taken care of long before they can cause disruption to your business.

Have a Solid Continuity Plan

Any company should have a continuity plan. Your business continuity plan will set out what happens if something goes wrong, and your business experiences downtime. It might outline some of the things that are expected to happen automatically, like a backup power generator kicking in, as well as what your staff members are expected to do. Your business continuity plan will cover different areas of the business and provide a step-by-step action plan for how to deal with any periods of downtime. The aim is to get your business back up and running as quickly as possible.

Prepare Your Staff

Part of developing a continuity plan for your business can be ensuring your staff knows what they need to do when something goes wrong. Walking them through their roles and how everything should happen if there’s a problem will make everything run more smoothly when the time comes. It can also help to identify any flaws or difficulties in your continuity plan so that it can be optimized before it needs to be put into action.

Reduce downtime for your business, and you will be able to save both time and money. You can improve productivity and preserve your reputation by being prepared.

Dealing with Tough Times as a Small Business

Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Many businesses face tough times at one point or another. If and when it happens, it’s important to understand how to adjust. The following contributed post is entitled, Dealing with Tough Times as a Small Business.

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Every business owner that has been around for a while knows: you have great years, and you have lean years. The success you might be experiencing right now is not a guarantee for the future. Having a buffer in the finances helps most medium to large companies deal with trialing times, while they either wait or get organized for better fortunes.

Photo by Tim van der Kuip on Unsplash

For smaller businesses, these types of financial buffers are usually non-existent. If the cash flow dries up, there are serious risks to not being able to pay suppliers on time or, even worse, the payroll. Companies do well to have a contingency plan ready to deal with meagre times and, as the saying goes: mend the roof when the sun is shining, perhaps already incorporate into your business to become more agile and responsive. Here are some areas to look into.

Switch Up Your Marketing

There will be no new business without significant marketing in place. That doesn’t mean climbing in the phone to the next media buying agency to get yourself a costly TV campaign. It means, especially in this digital times, to go smarter with the market budget and try to reach audiences you haven’t reached before. Think direct to consumer marketing campaigns, social media campaigns, or pay-per-lead type marketing activity. In the new age, going small for just a leads/new business campaign is possible, but do consider that eventually, you will need brand saliency for real growth. Going full digital marketing and lead/sale based only will work in the short term is no real replacement for the longer term. Also, don’t fall in the trap of only focusing on short term marketing, you will always need a vision in place how your proposition will evolve over time.

Investigate Your Cash Flow

Thinking about cash flow issues, especially in regards to being able to pay suppliers is another challenge business owners will have to get their head around. In some cases, the solution is as simple as coming to an agreement with your suppliers. One the one hand they have no interest in one of their customers going under, on the other hand, they will have to pay their own suppliers and employees as well.

In some cases, there is a good middle that can be reached to alleviate the pressures of paying a full invoice but also respects the relationship you have with your suppliers. Running payroll is more challenging as it will be a large chunk of the finances. Of course, you can try negotiating, but don’t be surprised if employees walk away quite quickly. Ask yourself “what is factoring” for a solution in this area.

Keep Improving

Ensuring a stream of jobs and managing your cash flow are the main life-line for companies in difficult times, but it doesn’t end there. What might seem to be a luxury, thinking about the future 3-5 years down the line, as you are fighting for survival, might seem daft, but it’s precisely what you will need to do. As a business owner, you need to be continuously navigating the challenging waters of threats and opportunities to come out of it stronger, more robust, and on a path of healthy growth.

How To Use Your Time Wisely As A Boss

The first principle of my blog is Creating Ecosystems of Success, and a key focus is Career Discussions. As a boss as opposed to being an employee, you have a lot of responsibility. As such, you must become a master of using your time wisely. Doing so will give both you and your staff the best chances to succeed in your mission. The following contributed post is entitled, How To Use Your Time Wisely As A Boss.

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When you’re managing a company, there are many things that you have to do. In fact, it feels like there is a never ending stream of emails coming into your inbox, and that you’ve got people knocking on the door morning, noon and night, asking for your advice and assistance. This is before you even think about all of the other responsibilities that you have to take care of.

It’s no wonder, then, that you may be worried about the best ways for you to utilize your time. After all, you only have 24 hours in the day just like everybody else, right? Here’s how you can use your time wisely.

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Work out what you’re good at

One of the best things that you can do as a boss is to work out what you’re actually good at. Sure, we all like to think that we’re really good at all elements of running a business, but when it comes down to it, there are some things that we’re slow at, or just not great at completing.

When you work out what these tasks are, you can get to work on giving them to other people, rather than doing them yourself. Using your strengths as a way to center your time is a good idea if you feel like it’s getting away from you!

See what you can outsource

There are very few businesses out there now that don’t use outsourcing in some way. Whether it’s having a virtual reception desk, managed IT services, or a part time CFO dealing with your finances, there are plenty of jobs that you can get done by people who don’t even need to be in the office.

This gets rid of all of the little tasks that you have, that may be consuming your time. If you feel like you’re always on the phone and you don’t necessarily need to be, then this is something that somebody else can do, and you don’t need to fork out a full-time wage.

Have regular breaks

OK, this one may seem like it doesn’t actually save you any time, but there is certainly something to be said for having regular breaks as a boss. Not only does it allow you to take a step back and think about your next course of action, but it also allows you to come back into the office ready to deal with the task at hand.

Throwing yourself into your work non-stop will only be detrimental for your time management, so don’t underestimate the simple effectiveness of a 10 minute walk, just to get you out of the office and to clear your head a little.

So…

If you want to use your time wisely as a boss, then try out some of these things. Ultimately, it’s not about working harder; it’s about working smarter, and making sure that you’re utilizing all of the hours that you have in the office day. Once you work out how to do it, your productivity will be through the roof!

The Ultimate Guide To Making The Most Of Your Spare Time

The first principle of my blog is Creating Ecosystems of success. A major key to success is the smart use of your time. Many people waster their valuable spare time. Others use to build and propel them forward. The following contributed post is entitled, The Ultimate Guide To Making The Most Of Your Spare Time.

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If you are finding that your days are full of work, followed by watching mind numbing TV, eating the same old meals, and sleeping, the chances are that you aren’t making the most of your spare time. Sure, you might be working for eight hours a day five days a week, but that still leaves a lot of free time that you can fill with worthwhile activities. Switching off in front of the big screen once in a while is great to unwind, but you shouldn’t be filling your evenings by being a couch potato. It’s time to utilize your evenings and weekends for more worthwhile pursuits. Take a look at how you can make the most of your spare time.

Volunteer

The thought of giving up your free time to help others will either make you feel all warm and fuzzy inside, or fill you with dread. The key to making the most out of any volunteering experience is to do something that you have a genuine interest in. If you hate the thought of global deforestation and you like the idea of spending your time outdoors, you could volunteer with a local conservation project. If you are keen on playing guitar in your spare time, why not volunteer a Saturday morning to give some free lessons to the kids in your local community who can’t afford music tuition. By doing something that you love and combining it with volunteering you can help others, brush up your resume, and do something worthwhile all at the same time.

Learn Something New

Lifelong learning is something that many people aspire to achieve but most fail. Take baby steps into the world of learning by doing something new that you’ve always wanted to experience. If you want to learn Japanese, book a free taster session. If you want to try archery, enrol on a beginners course. Or if you fancy trying bowling for the first time, head down to your local bowling alley. Doing something new can give you something to look forward to when it’s raining outside or your boss is becoming unreasonable.

Alternatively, you could choose to upskill in a more formal way. People like Philip McTigue combine their careers with masters degrees or other qualifications to enhance their skill set and become more employable. If you’re hunting for a promotion, this might be worth your while.

Get Active

Rather than watching another episode of Judge Judy, whip on your sneakers and head outdoors. You might fancy taking a brisk walk to the local park, trying your hand at jogging again, or simply popping into the back garden to start a barbeque. Invite friends over, become more sociable and relearn that life is more than a Facebook feed or TV screen. By being willing to take a bit of a technology detox, you can enjoy real life once again.

Your spare time is precious so don’t squander it playing video games all hours God sends. Make a change and do something worthwhile with your free time.

How To Make Sure That Your Days With Friends Are Memorable

The first principle of my blog is Creating Ecosystems of Success, and a key focus is Health/Wellness. A key aspect of a happy life is spending time with friends and relatives. It’s important to consider how you can maximize your time with them. The following contributed post is entitled, How To Make Sure That Your Days With Friends Are Memorable.

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OK, so we know what you’re thinking. When you see your friends, all of the things that you do with them are memorable, right? And anyway, isn’t the most important thing that you can spend that time together, whether you’re doing the most exciting – or the most boring – things ever? Whilst this is true of friendship, you should also make sure that you can look back on your time together, and be sure that you all did some exciting things, rather than sitting in the same old seats, in the same old bar. It’s just not the same really, is it? Here’s how you can make your days with friends memorable.

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Go on a road trip

When it comes to making (and sometimes breaking) friendships, there really is nothing like a road trip. Figure out which ones of you are up for driving, and whose car you’re going to take, and get out there and experience things. The best conversations that you’ll have are in motels at 2am, or on the top of a mountain, looking out there at all of the stars. Sometimes, friendships are made a lot stronger by experiencing what the world has to offer together, and you will have to solve some problems together along the way. This is what will make you friends for life, so pick out a route, and get out there with your friends.

Join a sports team together

Another thing that undoubtedly makes your friendship stronger is joining a sports team together, and there is no level of comradery quite like those who are in the same team with each other. Perhaps you’re into baseball or basketball, or you want to try out a new sport? Why not get some golf gear from www.rockbottomgolf.com and see whether you can have some great fun out there on the course? If your friends are sporty then this is a great idea, and your successes and losses will really bring you together, and mark out some memorable days for the future. Try something new, and get your buddies on board!

Eating is important

OK, so eating is important for reasons related to staying alive, but it’s also an important part of any friendship. As Anthony Bourdain said (a little more eloquently), a meal doesn’t fix everything, but sitting across from somebody at dinner is one step of the way there. Sharing a meal together with your friends (and some drinks) is one of the best ways to catch up with one another, and to really spend your time enjoying each other’s company. No phones at this table, thanks, we’re having a good ol’ fashioned chin wag, and enough food to make us almost fall asleep in the restaurant. This is what friendship is all about.

So, if you want to make sure that your days with friends are memorable, then travel together, join a sports team, or simply just go out for dinner. You never know what’s going to happen, and that’s why it’s better to give your old haunts a miss for a while, in favor of something new!

Ways That Taking Your Business Digital Can Save Time And Money

Three of the focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and Technology. In our current digital age, many tools are now used to conduct business and commerce. Not adapting and incorporating these new methods could ultimately cost you time and money. How do you not lose your competitive advantage? The following contributed post is entitled, Ways That Taking Your Business Digital Can Save Time And Money.

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Saving money is the goal of many businesses, especially smaller companies still looking to find their feet. Digital solutions can give your business a boost and help you to save time and money, freeing up both to focus on the more strategic side of your business. If you’re not making the most of digital technology for your business, take a look at some of the following ways that taking your business digital can help.

Image Credit: Unsplash under Creative Commons

Cloud working reduces clutter and commitment to an office

With cloud computing solutions, you can take your business anywhere, allowing you to easily work in any location. Cloud computing also helps you to work with employees in remote locations, making it easier to hire freelancers to help you carry out different business functions. Take a look at cloud storage solutions that will benefit your business and provide it with extra security at a low cost.

Turn your HR digital

Managing HR functions can be difficult, and with more importance being placed on personal data protection than ever before, you need to implement systems that will keep data secure and make HR easier to manage. The ServiceNow HR module is a useful tool for businesses that will make managing cases simple and makes it easier for employees to access vital information. Digital transformation can be a tricky process, but with the right system, the process becomes much simpler.

Embrace digital marketing

Traditional marketing methods are becoming more and more expensive. Television and press ads can be a large expense for businesses, with a shorter exposure period. Digital marketing, however, provides you with several possibilities to engage with audiences, at a much lower cost. With digital marketing, you can create campaigns easily according to your own budget, helping your business to save money.

Save on your travel costs

Traveling to meet clients, colleagues and conferences can soon eat into your budget, but it doesn’t have to. Using video conferencing services can change the way you do business, helping you to have face to face meetings without having to spend time or money traveling. The quality available from video conferences is amazing compared to what it was even a few years ago, helping to make communication easier for your business.

Use online project management tools for better productivity

Managing projects is easier than ever thanks to online project management tools. Manage deadlines, assign tasks, collaborate and more to help your projects run more smoothly. Project management tools are great for businesses of all sizes, and can boost productivity across your teams.

While there are benefits and dangers associated with technology, there’s no doubt that it can save time and money for your business. By exploring the different tools and applications that exist, you can find some excellent solutions for your business. Take advantage of free trials to help you choose the right digital solutions for your company, and let digital transform the way you work.

3 Software Programs and Apps That Can Improve Your Life, Rather than Steal Your Time

Two of the major focuses of my blog are Financial Literacy/Money and Technology. While there is a danger in becoming too consumed by the new technologies available to us, many of them can help improve our lives. Which ones are particularly helpful? The following contributed post is thus entitled, 3 Software Programs and Apps That Can Improve Your Life, Rather than Steal Your Time.

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Image via Pixabay

The modern world is rich in technology so advanced that it would have been unimaginable to the average person even just a few short decades ago.

No matter what our interests in life are, and no matter our jobs and hobbies, it’s possible to vanish down a bottomless rabbit hole of endless information, stimulation, and entertainment, at the drop of a hat.

But while many modern technologies have brought with them immense benefits — such as the ability to communicate with our loved ones on the other side of the world, or to acquire a Windows 10 pro key and create an entire business structure within days — there are plenty of downsides to be wary of.

There are predatory companies out there, and exploitative apps, games, and software programs that have been designed to hijack our consciousness and trap us in a psychological feedback loop.

Here are some examples of software and apps that can help you to improve your life, rather than just serving as a timesink.

RescueTime — to reduce procrastination and enhance your awareness of how you’re spending your time

If you’re even just so much as slightly inclined towards procrastination or a disorderly lifestyle, having a computer with an internet connection is something akin to leaving a hungry child unattended in a candy shop.

Human attention is easily hijacked by novelty, probably because in ancient days, noticing novel information could mean the difference between life and death. Is that odd shape in the pushes a vicious wild animal, or a tasty meal?

These days, Google, Youtube, and social media offer a never-ending stream of novelty, meaning we easily fall into a cycle of endless surfing.

RescueTime is a service and software program that can help to free you from that vicious cycle of procrastination and enhance your awareness of how you’re spending your time. It combines an activity tracker, with a web blocker, report system, and more.

Beeminder — to help you stick to productive behaviours and avoid unproductive ones

We are all largely defined by our habits, and we tend to revert to our familiar behaviour patterns whenever we zone out a bit or are put under stress.

For that reason, it’s a very good idea to carefully focus on developing productive behaviours, and avoiding unproductive ones. Repeated often enough, good acts become good habits, and bad acts become bad habits.

Beeminder is an innovative service that allows you to set habit goals, which you then commit to with your money. Every time you stray off course from your desired habit, you pay exponentially more in penalty fees.

You Need a Budget — to give you a clear bird’s eye perspective of, and control over, your financial life

Good financial management can be tricky, especially when it’s so easy to buy all kinds of glossy, attractively-advertised products online with a couple of mouse clicks.

You Need a Budget — also known as YNAB — is a budgeting tool build around the principle of “zero-based budgeting” and “giving every dollar a job”. It’s relatively straightforward to use, and it can give you a crystal clear perspective of what’s happening with your financial life.

That in turn, of course, gives you a lot more power over your financial life.

Where Your Business Is Wasting Time And What To Do About It

The first principle of my blog is Creating Ecosystems of Success. Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Arguably our most valuable resource is time and the same is true for your business enterprise. It’s thus valuable to maximize time and not waste it. The following contributed post is entitled; Where Your Business Is Wasting Time And What To Do About It.

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Do you realize that your business could actually be wasting an inordinate amount of time? If you’re not actively making sure your business is being as productive as possible and making the most of time and other resources you have available, you might really struggle to make your business a success.

Below, we’re going to discuss why your business is wasting time and what you can do about it. Take a look and you’ll change your business for the better:

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You’re Still Doing Reports That Are No Longer Necessary
There’s a tendency in both public and private sector businesses to do reports more often than necessary. Compiling these reports is without question one of the biggest wastes of time and resources. Not only is time wasted when they are created, but by even looking at them and discussing them!

Using Social Media Too Often
You do need to use social media as a business, but if it isn’t being used properly then it’s just a huge waste of time. One specific mistake often made is that companies aren’t looking at the analytics of their social media promotion – if you’re not looking at this how will you ever know if it’s working? Algorithm changes are something you need to take into account too. This means analytics and data reporting are essential. Hiring a social media manager who has got to grips with all of this will be a huge help.

Not Updating Your Outdated Processes
Just because something worked when you started business 10 years ago doesn’t mean that it needs to be done in the same way today. If this is your attitude then you probably have a ton of outdated processes that need to be updated. There are likely all kinds of software and machinery that can help you to become more productive and efficient; letting computers take control of workflow management can save time, increase efficiency, and more.

You’re Not Outsourcing Correctly
Outsourcing correctly is imperative to your business. Business IT Consulting for example, can help your business to save a ton of time, as well as a fortune in terms of saved downtime. With the right partners you can make your business far more efficient. You have to get rid of the urge to keep everything in house, as this is never the most effective thing to do!

Communicating Too Much
If employees are always communicating by email or chat, it can be a waste of everybody’s time. Encouraging open communication is a must, but there’s a difference between communicating productively and communicating all day without really getting anything done. Make sure they know the difference. You shouldn’t micromanage or ban them from talking, but they should know how to do so effectively.

Are you wasting time in your business any of the above ways? What are you going to do about it? Leave your own thoughts below. Thanks for reading!