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Productivity

Does productivity matter in business?

Productivity is the exchange between your time and your output. While time is finite and can not be altered within anyway, what you do within that time can always ebb and flow as you work within different parts of your business. When we are able to increase our productivity both individually and within our teams, we are able to feel better and more empowered to do our jobs within our business. Additionally, increasing productivity within your business can also allow you to increase your growth and profitability within your business. If you’re still not convinced on the fact that productivity in your business matters, keep reading.

Key Points

  1. Productivity within your business can help you better understand your profits and your ability to grow
  2. Business Productivity can make your team feel better about their work
  3. Business Productivity can help you make better decisions for your business

Business productivity can help you better understand your profits and your ability to grow

Productivity is the exchange between your time and your output. While time is finite and can not be altered within anyway, what you do within that time can always ebb and flow as you work within different parts of your business. For example, let’s say you’re a small business owner who runs a social media agency. For your social media management services you charge $1500 per month and you spend 50 hours with this client a month. Based on this you’re billing your client $30 an hour for your services. Now, let’s say you’re able to cut down the amount of time you spend with the client 25 hours and you still charge the same amount of money, you have now increase your rate to being $60 of hour. Improving your productivity can allow you to increase more within other areas of your business.

Business Productivity can make your team feel better about their work

When we feel good about the work that we’re doing, we are guaranteed to give it our best effort towards that work. Having your systems and processes work within your business can boost the overall morale of the people on your team because you have created an environment where people feel like they can do their best work. Managing the productivity within your business also can provide transparency for the work that is being done amongst your team members and help you identify the gaps that may be in place. To foster a culture where people are able to do their best work is allowing you to set your business up for success.

Business Productivity can help you make better decisions for your business

When it comes to your business, you need to be making data-driven decisions as opposed to emotionally-driven decisions. Data-driven decisions come of a place of understanding what your business needs across different departments. Increased business productivity levels will allow you to make better decisions because you will not be stressed while you’re getting work done so you won’t be operating from a place of desperation. When running your business, you want to operate from a place of ease. There will be times where your business will be stressful, but you shouldn’t let that influence any decisions that you have to make. Make a decision when you feel like your business is in a good mental space so that you know you’re making the best decisions possible.

Business productivity can show you what’s not working within your business

There’s going to be some parts of your business that might not be working properly or may be taking you too long. When you put the focus on how you can be more productive, you can identify how to feel the gaps that will save you time and money. I recommend that you audit some of your systems and processes every 2-3 months so that you can make sure that it is still in alignment with what your business goals. Through this process, you can find areas where you can delegate or even automate to free up more of your time for other things.

Business productivity matters because it showcases where you and your team members are allocating their time and where the gaps are that will allow you to make more improvements. Want to chat more about how to be more productive within your business?  DM me on Instagram or Twitter

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