Companies that operate at low efficiency are never going to grow as quickly as a business that has perfected high efficiency. Working twice as hard is never as good as working twice as smart.
While personal efficiency is an easier concept to tackle and improve, looking for inefficiencies in the procedures and policies of your company is a crucial and difficult step to cutting down on the time and effort spent by both you and your employees, while also increasing overall production and output. It takes time to both analyze your company procedures and come up with an effective plan to fill gaps and smooth processes for increased efficiency. Not to mention the challenges in implementing those planned changes, receiving feedback from potentially unwilling employees, and then adjusting as necessary.
Though it is a difficult and challenging prospect, increasing the efficiency of your business is necessary in order to prepare your company to scale for growth, which is often the eventual goal of most business owner.
If you are concerned about the efficiency of your company’s operations as a whole, consider hiring a consultant like M1 Core Traction to bring our specific model (the Entrepreneurial Operating System) to your business today.