As
we approach the second half of 2016, now is the time to dig deep and gather a
thorough understanding of what processes are moving your business forward --
and which ones are preventing you from doing so. By removing any obstacles that
are getting in your way, you'll make room for more streamlined processes that
will serve you well through year's end.
Ten
entrepreneurs from Young Entrepreneur Council (YEC) offer their best
"spring cleaning" business tips and how they'll benefit your
efficiency (while reducing costs in the process).
1. Implement the 75 percent rule.
You
should remove any process or system that your team (or a project team) uses
less than 75 percent of the time. As soon as you drop below that threshold,
that process is no longer reliable. Take a moment and see if you can refine it
to account for the "exceptions" that might cause your team to deviate
from using it. But if you can't do that, throw it out and start again.--Aaron
Schwartz, ModifyWatches.com
2. Review overhead time.
This
year, I spent full days shadowing our operations team to find ways we can
improve their process. Employees find ways to make their work functional using
tools such as Excel or Notepad, but that doesn't mean it is the most efficient
and economical way to complete their daily activities. Simple modifications can
improve speed, lessen costs and best of all, improve the morale.--Marjorie
Adams, Fourlane
3. Remove any leftover leads.
There's
always a stack of leftover leads who seem almost (but never quite) ready to
buy. I like to go through these once a year, usually in the spring, and make
one last pitch to these older prospects. If nothing happens this time around, I
usually remove them from my systems to prevent them from distracting my other
employees or leading me down paths that won't pay off.--Matt Doyle, Excel
Builders
4. Mindmap your business processes.
Set
aside a few hours to mindmap your current operations. Having mindmapped
everything, you can look for areas of inefficiency or processes that may be
creating clutter. Use a collaborative mindmapping program like Mindmeister, so
everyone can contribute to the process of identifying and removing
stagnation.--Marcela De Vivo, Brilliance
5. Question your current system's
efficiency.
For
every part of your business, challenge your employees to ask, "Can we do
this more efficiently?" If it's an internal system like tracking your
sales pipeline or an external function like shipping or distribution, you
should regularly ask the employees whose job it is to manage the systems and if
things can be made simpler. Never stick with a system just because it's in
place. Innovation is key.--Brittany Hodak, ZinePak
6. Review your financials.
How
are you performing against the goals you've set in January now that we are in
Q2? Do you have reliable financial data that you can confidently say reflects
the health of your business? Take inventory of what financial data you have,
what you can rely on, then seek the necessary help to address the issues that
prevent you from getting the numbers you need to run your business.--Michael
Hsu, DeepSky
7. Eliminate and automate.
Take
one day off of work, analyze your current systems and examine what's working.
Speak to your key employees on this day and ask them about the processes that
are either redundant or unnecessary. Eliminate those processes altogether.
Next, find out which processes are being done in a very manual fashion.
Automate them. All of a sudden, you've saved multiple hours each and every
week.--Anshey Bhatia, Verbal+Visual
8. Consider cloud computing.
The
flexibility cloud computing supplies alone is worth examining. As companies
begin to cater to more remote workers and flexible working schedules, being
able to access work files anywhere in the world is imperative for employees.
Not only does cloud computing make things easier for employees, but it also
serves as an efficient management tool for business owners.--Anthony Pezzotti,
Knowzo.com
9. Run a "Start, Stop,
Continue" session.
Meet
with each department for a one-hour "Start, Stop, Continue" session.
Ask which activities your organization should start doing. Expect this list to
be long, especially if you give people time in advance to prepare. In order to
start new projects, you'll have to wrap up or "kill off" others.
Those get listed on the "stop" list. Finally, identify the projects
that should continue until completion.--David Ciccarelli, Voices.com
10. Archive old client files.
Don't
be afraid to close files for clients who are no longer working with you. As
your company grows and changes, you will naturally see some attrition with the
types of clients you work with. Yet, it's sometimes hard to let go of those old
accounts. Unless you need to use a client's file for a case study or training
example, archive it to make room for new opportunities.--Nicole Munoz, Start
Ranking Now
This post
was originally published here: 10 Ways to Boost Efficiency by
'Spring Cleaning' Your Business

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