Going into business is hard work; no matter what the business is or what it is doing, being a business owner means wearing many hats and managing a lot of people to get the best for your investment.
Building on Success
Whether your business is in manufacturing auto parts or in decorating cakes for special occasions, you are likely to get to the point where you are focused on growth and building on what you know.
At this stage of growth, most business owners will look to outsource the areas of their business that they are not very good at. If you are the cake baker, there is a high chance you are not that good at accountancy, and if you are the cart parts manufacturer, then perhaps marketing is not your strongest point.
It is perfectly reasonable to look into outsourcing, but once you bring other people into the business, there is a whole new level of management that is required and a whole new level of commitment required from you too!
Improving processes means getting the best out of your people and your business to ensure that everything runs as efficiently as possible without interruptions.
Here are five tips for improving your business’s efficiencies and processes so that you can focus on doing what you do best, whatever that is.
Build A Culture of Education
A culture of education means ensuring your employees have the right educational backgrounds for the job and supporting them to get it.
That does not mean paying for their education but allowing the time and freedom to pursue education, especially courses that will help you.
In some cases, supporting employees to do extra courses will benefit you. For example, if you support an employee to do a masters in lean manufacturing or lean development, you’ll have an employee who is capable of improving your company processes to help you cut out waste and improve your efficiencies.
Cut Out Waste
Waste means different things to different businesses. Your employee who is studying lean manufacturing will be able to help guide you on what waste you can cut out from your business at a granular level, but on a wider level, this means looking into ways to spend less and get more.
If that means ordering less stock and running on a just-in-time model, that might work for you, and it might also mean finding new ways to do things to cut out the middleman or to use fewer raw materials.
Get this right, and your profit margins will improve.
Focus on Quality
Focusing on quality in any business is a surefire way to improve your bottom line and improve your efficiencies at the same time.
When you are pushing out quality products, you are more likely to have less wastage in the form of returned products, and you are building a better relationship with your customers because they will be pleased with the products you are creating and selling to them.
Deliver on Time
Nobody likes to hang around and wait for products that they have been promised, so delivering on time is one of the most important things that you can focus on after creating a quality product.
Improving your processes to ensure that you are always delivering your products on time is going to put your business in the best position to improve going forward, and your customers will be pleased that you are a reliable business that they can work with.
Delivering on time also goes for every aspect of your business, especially those parts where the chain is reliant on each aspect arriving at the assigned time.
Human Beings Not Human Resources
Just as creating a strong culture of education is important within your business, creating a culture of supportiveness and integrity is also critical.
This is why you should focus on your employees being seen as human beings and not human resources and build a strong culture of supportive mental health and other accessibility to work considerations.
Different people learn and work in different ways, and you will find that supporting different people and different minds at work will mean you have a more diverse workforce that is better able to cope with all kinds of different environments and difficulties.
Treating your employees as people and giving them some leeway and understanding is a brilliant way to foster loyalty and compassion in your team, and this leads to fewer sick days and happy working environment for all.