Acquiring the most with minimal resources is not that difficult. You could achieve more without pushing-in your resources, even in constrained market scenarios. Since, the motto is to increase productivity, effective measures should be implemented by the staff.
As a business person, you definitely would like to see your business grow, but surely not at the cost of your health. Spending too much at your workplace in terms of time, would only fetch unfavorable results for the business. Giving it more than what it actually requires is not recommended. Instead, you may try following these steps to make it a wise deal:
1. Set your priorities straight – Business needs time to grow, but it is not the sole reason for its success. Going by Pareto principle, you get 80% value out of 20% of the work. Hence, finding the key objective(s) that drive value to your business is more fruitful.
For example – If you aim to target a specific audience, there’s no point spending a penny over others that hold little or no relevance.
2. Set goals to achieve – Work becomes more exciting if goals are set and achieved. Goals tend to motivate individuals towards work. Any organization should have its employees jot down a few goals or objectives every week to empower work. Doing this would let them find their objectives to be achieved in a given time. The motive is to maintain focus throughout the week to get results.
3. Outsource – Work that is not core to a business should be outsourced. Several organziations across the world take care of the work assigned and do it efficiently. Moreover, they do it at lower costs. Deciding otherwise could well be a huge waste of time and resoources. A manager must believe that the time not spent on important activities is the time lost.
Businesses often strive to excel and achieve more with the least possible resources. Efficiency can be acquired by going after the set priorities and getting the desired result. Outsourcing comes into picture when managers decide to hand over a non-core work to outside companies.
Of course, businesses can collide with success somewhere in the middle of the path. The path may seem simple; to uphold it is difficult.