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10 Steps To Increasing Workplace Productivity

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Employees are the main backbone for both small and large businesses. You can see an increase in productivity when employees are satisfied and happy about their work. So, one of the best ways to grow your business is keeping employees happy.

By making certain small changes, you can easily enhance the levels of office efficiency and productivity in your business by time management. It helps you in receiving more quality work in a short time as well as limit the time spent on unimportant tasks. We have listed eight important tips that will help you in getting the best efforts from your employees and also obtain maximum productivity.

1. Be Efficient

Think about how you are currently operating your business and check how you can change the way you are working. It is important to make long term and short term lists so as to prioritize tasks in a small-sized business.

Ask questions to yourself like- Is there is any way where staff members could organize their day to day tasks to accomplish their goals? Offer each of your staff members with a strategy and motivate them to make a list to do activities.  Also, ensure the employees prioritize duties on time and complete tasks every day, which results in efficient working.

2. Reduce Distractions

One of the biggest productivity killers in the present scenario is social media. It is not possible to follow no phone policy but you can motivate employees to remain engaged and focused. You can allow them to take breaks once in two to three hours for better engagement.

Request your employees to switch off mobile phones. During break hours, they can check their phones and remain active in social media as they wish. This way, they will be more productive when they are at their desk.

3. Delegate

Though it is slightly risky, delegation is helpful for enhancing job satisfaction and morale of your staff. It is almost like giving additional responsibilities to your employees. It is recommended to give duties only to qualified employees who have a good track record, experience and success in your field. By giving tasks to employees who are skilled, you can remain in the peace of mind as they do the tasks as per your expectations.

4. Have The Right Equipment And Tools

It is important to offer the right equipment and tools to employees. This way, they can do their duties on time and efficiently. In the present scenario, there are a lot of advanced equipment and gadgets that help in doing work in quick time. For instance, when you do not have a printing device, the employees have to wait for long hours to print their paperwork. It affects your entire productivity.

High quality, modern equipment, and programs make an excellent difference to the workforce and also the way the company perceives. So, save effort and time by utilizing equipment like MFP that functions as scanner, fax machine, copier, and printer.

5. Set Realistic Goals And Provide Real-time Support

Most managers experience this issue, they will not have a clear or strong idea of whether their staff members are performing well or not. Help your staffs by offering some achievable goals. Give clear direction to employees and supervisors to assist clarify expectations. It helps in increasing your productivity and also they will have clear goals and clear focus.

6. Enhance Workplace Conditions

Enhance Workplace Conditions
Image Source – www.inc.com

The work environment should be comfortable with good furniture and interiors. A workspace that is comfortable should maintain temperature from 68 degrees to 70 degrees F that is between 20 and 21 C. If the workspace is too cold or too hot, it can distract the employees and affects their concentration. Due to this, the employees will be just walking with an electric fan or adjusting their coats around the office. It is necessary to make sure both the air conditioning and heating systems are in good working condition according to the relevant season.

7. Make Sure Employees Are Happy

If the workplace is stressful, you cannot expect good results. The employees who are continuously functioning under stressful situations are said to have levels of absenteeism and disengagement and be less productive. Remember, employees have to be happy. The company has to appreciate, value and respect on a personal level. It is called as gratification. It should never be missed when you want a productive workforce.

8. Practice Positive Strengths

Encourage ,motivate and reward. When your employees are performing well, tell them they are performing a good job and offer constructive criticism. Another important part is providing personal incentives when you find them doing the task perfectly. You can take them for dinner, a free coffee or offer a free holiday trip for performing tasks beyond their rules. It is recommended to share positiveness of employee to another so as to cultivate a feeling of fulfillment and also encourage others. When employees are motivated and given rewards for their hard work, they will start to put more productivity on their daily task list.

9. Get Employees Feedback

Get Employees Feedback
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Employees give feedback on a different angle, which you can think about and implement. When you ask their feedback, you can learn lot of things from their viewpoint. You would not even think about certain things but they would have expressed in form of feedback. It is best to discuss with employees who directly interact with clients. They will know more about client’s expectations. They tell clearly what can be done to improve workplace productivity.

10. Offer Training To Employees

It is necessary to update your employees with the latest tools and technologies for better productivity. As they learn new applications and programs and implement on own, you will find a lot of change in your productivity. It will also help in increasing your productivity at a great rate. Proper training leads to greater productivity and efficiency.

Hope you find these ideas helpful for increasing your workplace productivity. Encourage remote work? Do you want to increase productivity? Do you concentrate on engagement? Share your tips and suggestions in the comment box below!

Author Bio

Niall Kennedy is the Creative Director at ”Preferred training networks ”. He has over 20 years of experience in Professional Development Industry. He has published 4 business books – “All Aboard the Brain Train,” “Healthy Leadership,” “Errant Workplace Behaviours,” and “Hidden Observations”.

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Business

Tips For Small Business Owners

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This article talks about the tips for small business owners. Here you will find advice from successful business owners like how to adapt to adversaries, getting a Contract Management System, and delegation.

Running a business is challenging. It can be frustrating for business owners to know just how complicated running a business is. Contrary to popular belief, it is not easy as just setting up your business and waiting for it to be successful. We are all too familiar with the success stories of the CEOs of multi-billion global companies. Mark Zuckerberg, Bill Gates, and Steve Jobs are just some household names that have inspired many due to their unprecedented stories of success.

Their tales of triumph would always begin with, “It all started with a dream.” Blah blah blah. I am sure that you have heard of all those cliched stuff that makes for a great inspirational story. However, what they do not tell is that it is not a black-and-white story. There are multiple factors that affected their success.

Here we have compiled a list of advice from business owners that have achieved success. Take note that there is no perfect formula and these are just advice that majorly helped these companies.

Set a Clear Mission and Vision Statement

Before you set forth with creating your company, one important thing that you have to do is to set a clear mission and vision statement. The vision and mission statements of a company has a lot of uses. The purpose of your organization and its future endeavours are all dependent on the goals that you’ve set.

First of all, it will provide you with the purpose that your company will need when it faces adversary. Your Mission and Vision statement would also play a crucial role for your decision making.

As a business owner, your main task will be to make the big decisions. Use your Mission and Vision statement to help you decide which avenue to take. Always ask yourself as to which action would help you accomplish your goal better.

Research Existing Competition

Go around your local area and check whether you have any competition. Take note of what they are doing and ensure that you do something better. There is nothing wrong with getting ideas from your competition as long as you don’t exactly plagiarise their tactics. Just get the general gist and tweak it to your advantage.

Be Innovative

Most of the companies  in the Fortune 500 list achieved their success because their products/services were able to fill a void in the market. They re-invented the wheel so to speak. You don’t necessarily have to come up with an entirely new and original idea. You can take existing ideas and then give it a dash of creativity.

One thing that you have to know is that the market is very volatile. It will experience a lot of changes. You don’t necessarily have to keep up with all of the shifts but you do have to know how to adapt to these market changes.

Perhaps the best example of this would be Blockbuster and Netflix. Blockbuster used to be a mega-company that dominated the Video Rental agency. For a small fee, you can watch any video that you want. It was the norm for anyone to pass by a Blockbuster store to borrow a film to watch for that night. However, the rise of popularity of the Internet and streaming sites spelt out its demise. Without adapting to the market, it has become a warning sign to businesses that adaptability is key to staying on top.

Netflix, on the other hand, went the other way of Blockbuster by changing its business format and became a streaming site. Today, the annual gross income of Netflix is a whopping 16 Billion Dollars.

Invest In A Contract Management Software

You need organization in your life. No matter how small or huge your business is, you need to organize your systems. One important aspect that you have to take care of are your contracts. It is an important asset for your company.

When you have a Contract Management Software in place, you will have a full visual of your contracts and their performance. This means that you will most likely have a better grasp of how to manage your company. It will also allow you to mitigate the risks that you might otherwise take.

Learn To Delegate

You can’t do it on your own. You need to trust your employees with some of the key processes of your company. One mistake that new business owners often make is that they do not give specific tasks to each person which leads to chaos and miscommunication. Having a proper organizational structure will allow you to improve the accountability of everyone in the office. You will also be able to pinpoint any non-performing members of your organization and make the appropriate action.

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Trends You Need to Know About in Business Education

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Business is a fast-changing world, with quantum leaps in technology and globalization making yesterday’s “next big thing” rapidly obsolete.

Business education is changing too — and probably not fast enough. Academia tends to be slow to shake off the shackles of tradition, evolving more incrementally and less radically.

There are few fields in which educators need to remain so informed of the latest trends and technologies, in order to provide their students with an education that is up to date and relevant to the constantly moving target that is today’s business world.

Here are five top trends in business education that are happening now.

1) The Workplace Of Tomorrow Will Need Soft Skills Like Creativity, Communication And Problem Solving.

Advances in artificial intelligence, robotics and computing will replace many workers in the near future. Yet they will also create a demand for skills unique to humans, including creativity, critical thinking, communication, problem solving, innovation, collaboration and adaptability.

Technical skills will always be needed and shouldn’t be overlooked by any business student, but the coming trend in business is big thinkers with the skills to harness the powers of human creation.

2) Digital Learning Platforms, Online Education And Hybrid Formats Will Become The New Normal.

Image – goconqr.com/en/examtime/guide/technology-in-the-classroom/

The days of getting a traditional four-year bachelor’s degree followed by a two-year MBA at a brick-and-mortar university are in decline. While there is undeniable value in a broad-based foundation in business education, rising costs have burdened students with enormous student debts and led many to question whether the return on this investment makes it worthwhile.

Also, the rapidly changing business climate has raised many doubts about whether a one-time education is adequate to equip business grads for the changes sure to come in the years ahead. Online education, continuing education, digital learning platforms and hybrid formats that include both classroom and remote education are widely seen as the wave of the future.

3) Expect To See More One-year Mba Degrees — And More Hiring With No Degree At All.

Fast-track MBAs for working professionals are another growing trend, in which people with a given amount of professional experience can attend courses for one year and emerge as certified business management professionals.

In addition, more forward-looking companies are abandoning the requirement for any college degree at all, recognizing that targeted alternative training and real-world job experience can be more valuable than a college diploma.

4) Entrepreneurship Is And Will Remain A Growing Field.

Apple, Google, Microsoft, Amazon and Facebook are the five most valuable companies in the world — all of them tech companies and all founded by entrepreneurs (several of whom were college dropouts).

The chances are good that all of these companies have affected your life in a personal way. They employ hundreds of thousands of people and have a combined market capitalization of around $5 trillion. And each of them was founded by a small handful of forward-looking people harnessing new, disruptive technologies.

Machines and robots cannot replace this kind of uniquely human innovation. Business schools will and must increasingly teach the skills needed to start new enterprises that can literally change the world, in big ways and small.

5) If You’re Betting On The Future, Think Ai, Stem And Big Data.

Image – scmp.com/

Having said all of the above about human innovation, let’s not forget that the machine-based “thinking” behind artificial intelligence (AI) — like the driverless cars that our grandchildren will someday take for granted — are a supremely important component of future business development. And someone will have to create, hone and perfect these technologies.

Studies in science, technology, engineering and mathematics (STEM) are among the surest ways to climb aboard this inevitable wave.

The same is true of “big data” — the hyper-explosion of information that is available to us all, but is too much to grasp without intelligent analytics and insightful processing. Talented professionals will be needed in the years to come to turn millions of data points into actionable business plans that will work in the real world.

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Starting A Tech Company? 5 Clever Ways To Afford All the Tech You Need For Your Business

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Permit fees, employee expenses, equipment, and advertising are only some of the business startup costs you should keep in mind when building your business. However, these costs may vary on an industry basis.

If you’re starting a tech company, your inventory and equipment may be the highest startup costs. You might be thinking twice about building your startup due to lack of funding, but this shouldn’t stop you.

Don’t know how to fund a tech business? We’ve got you covered. We’ll tell you everything about your options. Read on for your guide to choose the best funding to start building your tech startup today.

Can You Get Funding You Need When Starting a Tech Company?

Most technology entrepreneurs think twice about building their startup due to lack of funding. However, affording the basic startup costs is easier than you think. Today, founders can even secure funding that won’t cost them a thing.

Don’t know what we’re talking about? Here are the top 5 funding options you should consider to start a tech company.

1. Small Business Loan

Small business loans are one of the most popular funding options for companies big and small. Before applying for a loan for a small business, you should search for lenders who specialize in funding companies in your industry. Choosing a financial institution that understands your business model will allow you to secure more funding at better terms.

2. Equipment Loan

Equipment can be one of the biggest costs tech startups face. Certain lenders offer equipment loans to cover these assets. It will depend on the type of machinery you need and your company financials.

3. Small Business Grants

Small business grants are given to startups and business owners by private companies, the Federal and State government. While it may take some time to receive a grant, these funds come with no strings attached. You won’t have to repay the institution.

4. Inventory Backed Loan

So you bought the inventory to fulfill your orders, but you need to buy equipment or other supplies to produce the items. You can request an inventory backed loan to cover these additional costs.

The lender will use your inventory as collateral on the loan. Typically, financial institutions offer 75% of the inventory appraised value or 50% of its cost.

5. Account Receivable Loan

Maybe your startup idea was a hit and you don’t have enough capital to fulfill all the orders coming in. You don’t want to turn these customers away. An account receivable loan can allow you to secure the funding you need.

Lenders offer early payment of an outstanding invoice in exchange for a fee. In this loan, your invoice will be the collateral on the loan.

The Bottom Line

Starting a tech company can be the best decision you’ll ever make. It will all come down to developing the right business plan to turn your vision into reality. While lack of funding may be holding you back, there are many funding options available.

It’s vital to do your research and choose the type of funding that fits your business plan. You may consider consulting with an expert to get a clear idea of the best approach depending on your business financials.

Want to learn more ways to turn your business idea into a reality? Check out our Business section to find more insightful articles.

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