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How Small Business Owners Can Increase Efficiency

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When you’re a small business owner, efficiency is everything. You’re up against the big dogs in the world, so you have to make sure all of your priorities and resources are well-known, because one misstep could make or break all that you’ve worked so hard to build. Deadlines must always be met, but without sacrificing the production quality of your product. This means you have to be on top of the company’s schedule, your schedule and the schedule of all that report to you.

It can be an overwhelming task, to say the least. So here are some tips to help make sure your small business runs like a well-oiled machine.

Don’t Spread Yourself Too Thin

When you’re trying to grow a business from the ground up, it may seem like a great idea to take on every opportunity that comes your way and run with it. But you have to prioritize. Which opportunities seem like they have the most potential? Which can you realistically take on without spreading yourself too thin? Only commit to solid opportunities that your time and resources align with, so that in the end, you deliver something that is up to your standards.

Even Your Strengths Can Be Improved

What is it that is driving the most profit to your business? Identify this and then scrutinize it and determine what you can do to make it even better. There’s always room for improvement, and that leads to increased success.

It’s Okay to Say No

Running your own business is a full-time job; you don’t really get to take a day off. So when it comes to being bombarded with side requests from friends, family and even employees, stop a moment and think: Is this worth my time? Do I actually even have time for this? Or, in the case of an employee: Is this something they should be able to figure out for themselves? If the answers are “no” and “yes”, respectively, respectfully decline and eventually you will have established boundaries.

Set Deadlines

It’s beyond important to have a set list of deadlines in order to ensure that everything is done in a timely manner. Be sure to adhere to these deadlines, because the minute you let a few slide, you’ll soon find yourself buried and it can become difficult, if not impossible, to recover.

Take a Breather

Yes, running a business is essentially a non-stop job. But in reality, you need to allow for a little time to yourself. So while you may be in the middle of a hectic day, make a point to step away for 15-30 minutes. Going nonstop can result in poor decision-making, so taking this time—which you may feel is time you can’t afford to lose—will actually help result in improved work and decision-making.

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