You’ve most likely heard the saying ‘time is money’ before now. It seems like the staying power of this phrase and its relevance to the commercial environment are directly linked, and nestled in truth. No matter how powerful a corporation is, it cannot buy more hours in a day.
For this reason, saving as much time and money as you can as a new firm may be key. Not that saving money does not necessarily mean preventing expenditure, nor does saving time mean avoiding that which needs a proper time-focus placed upon it.
That said, there are certain systemic approaches you can take to help save time in the long run, allowing your small, growing business to enhance its competitive approach and stand tall among its peers. Additionally, when labor hours are limited, making the absolute best of them on a daily basis without having to call in your staff for overtime often or mandating crunch hours is key.
With this in mind, please consider the following advice:
Automating Uniform Tasks
Automating uniform tasks can help your staff safe time on protocols or efforts they may otherwise spend dozens of hours keeping up with over the course of a year. Something as simple as automating cybersecurity protocols using managed IT providers, making sure all of your documents already have their templates saved with the proper branding and letterheads, as well as ensuring all devices are properly patched and all updated software is attended to between workdays will help them give their best. This can help them focus on working on their actual tasks, rather than the constant administration surrounding them.
Third-party services, such as 3rd Party Storage Management, can take a simple storage necessity and make this a service, so that you have immediate access to your inventory, you can properly scale your operations up without having to invest in new premises yourself, and that essential infrastructure and logistical planning, such as security installations, are already at the top of their game. For many companies, liaising with a service like this can be so convenient and cost-effective that doing so is a no-brainer. Over time, this can help you develop and more competently structure your planning focused on that which your business needs to do, rather than what it is unfortunately obligated to invest in.
Outsourcing Where Appropriate
It’s good to outsource where appropriate, provided you have a justification for it. Working with freelance professionals or small firms to help generate your branding, for instance, can help your small team utilize higher professional and production standards than they may have been able to otherwise. Outsourcing of this nature can be a great way to top up your overall skillsets as a brand, as well as to perform specific tasks your outfit is not currently equipped to do. Why structure an entire department, after all, for one or two tasks? This helps you save time and money.
With this advice, we believe growing businesses will be able to put their effort and funding where it really matters.