3 Ways to Stop Your Business Running Out of Time

1
3 WAYS TO STOP YOUR BUSINESS RUNNING OUT OF
TIME
How can SMB owners save up enough time for
lifes important priorities, without putting
profitability and long term success at risk?
Do you remember why you started your own
business? For many, it might have been to achieve
a more balanced lifestyle, spend more time with
family, simply be the boss or be in control of
how much you work, and when. All that however,
requires one thing time. Thats a resource most
SMBs find themselves lacking, and one that cant
be recouped once its spent. How can SMB owners
save up enough time for lifes important
priorities without putting profitability and
long-term success at risk? Here are three ways
to do so
1. PICK UP THE PACE WITH
AUTOMATION Time moves fast when your business
moves slow, and the sheer pace of doing business
can often leave SMB founders scrambling to keep
up. Often, founders lose the most time to
relatively low-level tasks administrative or
routine processes which, while still essential to
keep the business running, draw them away from
more strategic work that generates real
long-term value. Ideally, SMBs would hire new
staff to handle those mundane tasks, but thats
a luxury only the few with ample working capital
can afford. The alternative automate as many of
those tasks as possible. Todays technologies
allow even SMBs to streamline many aspects of
their operations by either fully or partially
automating their workflows. Cloud-based ERP
platforms, for example, can automate a range of
processes from inventory management to financial
reporting, helping SMBs handle these day-to-day
requirements at a much faster speed, with much
less effort. Other platforms, like those for
marketing automation or CRM, can speed up how
SMB owners engage with new customers or follow
up on potential service issues. Ideally, SMB
founders should look at automation at the very
start installing the right ERP platform with CRM
capabilities from day one can save them even
more time that might be spent retro-fitting the
business with new technology at a later stage.
https//aarialife.com/
2
EMPOWER YOUR PEOPLE
2.
At some point, every SMB grows beyond its founder
but bringing on new people can often cost the
business more time than its meant to save.
While they ought to ensure employees are
performing up to standards, its easy for
founders to fall into the trap of micro-managing
their people, spending too much time on getting
training perfect, or setting standards higher
than they need to be. Thats understandable when
youve invested so much time into building the
business. SMB owners do themselves a favour when
they trust their employees to get the job done
with minimal hand-holding. Instead of trying to
do their job for them, give employees access to
the right tools and data to help them navigate
the day-to-day tasks of the business. With
inventory and logistics management, for example,
that might mean giving a logistics manager
higher-level access permissions to the ERP
system, while also letting customer service
staff see (but not control) stock levels in real
time. Its also worth asking employees what
tools they need to do their job more efficiently
and potentially save SMB owners even more time
in the process.
3. SET YOURSELF A SAFE ZONE
SMB owners have many reasons to stay connected to
their business 24/7 but that doesnt mean they
should. While cloud-based ERP platforms,
financial software, and other tools give them
access to all their operational data from any
device, founders shouldnt indulge in constantly
doing so. Instead, they may consider designating
certain times to check on their business status
ensuring those times dont interrupt more
important matters like family meals, hobbies, or
other personal pursuits. And ideally, those
platforms should consolidate and streamline all
the data into a single intuitive dashboard that
takes only seconds to assess, limiting the amount
of time founders spend staring at their devices
trying to work things out.
The less time you need to spend on your business,
the more youll have for the activities and
priorities it frees you up to pursue. Whats
your 1 way of optimizing the time available to
your business?
To find out more, contact NetSuite on
hello_at_aarialife.com
INDIA CANADA UAE 91-20-2729-3532/33 1-647-477-7
421 971-50-9652568 hello_at_aarialife.com hello_at_aari
alife.com hello_at_aarialife.com
Copyright 2018, Oracle and/or its affiliates.
All rights reserved.