Small business owners know that a solid business strategy is vital to ensuring their ongoing success. Along with implementing strategies that drive success to hit sales targets and maintain high levels of service, they'll typically be seeking ways to reduce costs, boost efficiency and increase productivity across the organisation.
There are commonalities that can be found between SMB’s that quickly establish themselves and get exceptional growth. One of the things they'll all have in common, is to ensure their operational strategy is right, and this frequently relies on having a strong IT foundation.
That said, there are simple changes which can be applied to how business work that can remove costs and boost productivity.
Here are our top four quick cost saving tips that can be implemented right now:
- Turn off your Computers at night. 1 in 10 people are guilty of not turning their computers off. These individuals are costing businesses approximately £250 per annum each. To demonstrate the impact of this, we'll use the definition of a SMB of being a company with under 250 employees. At the top end of this definition, companies with 250 employees, forgetting to turn off computers is costing a whopping £6,250 per annum! For companies of just 10 employees, there is still a great cost saving to be had of £2,500 per annum.
Even if you don’t believe in climate change and cutting down your carbon footprint, this is a saving worth cashing in on.
- Deploy Telecommuting. The UK government has started a task force to look at the gains that can be made through flexible working. There are a whole host of applications and services available to enable flexible working, and in fact some of your employees may even prefer to be a Telecommuter. Yes, you may need to invest into the right services, depending on your business need, however the gains in boosted morale and productivity are well documented and certainly help a company remain productive.
- Train, Train and Retrain. Are you getting the best out of the applications that you’re currently using? A lot of staff have grown up with Microsoft Office and were trained in its basic functions. Yet, the tools in the Office 365 Suite can offer so much more in terms of increasing efficiency and productive. Take OneNote as an example, this is more than just a digital notepad! You can share and work on content with colleagues, push tasks into your calendars and even embed the relevant links to sources of data. This can significantly improve your time to market or help increase efficiency. There are plenty of online tutorials that can show you how to get the best out of the systems you have in place.
- Stop using work arounds Sometimes it may seem easier to find a work around to a problem than fixing the root cause. This is a false economy, however. The problem will persist and work arounds invariable are not as efficient as the work around. Slow and under-performing IT is costing each employee on average 5.5 days per year. Again, A company of just 10 are possibly losing 55 days per year. That is nearly 2 months of the business year that is lost needlessly.
If you'd like to know more, our give us a shout, or you can download this infographic here.
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