How to Promote Productivity and Innovation as an SME
5 Ways SMEs can become more productive
Productivity and innovation are some of the core elements of running a successful business. A business that is efficient is one that is profitable. Similarly, a business brimming with new and innovative ideas is one that is leaps and miles ahead of its static competitors. This is why working towards both productivity and innovation in your small business is absolutely paramount. If you are a small business looking to increase productivity levels and cultivate new and innovative ideas for your establishment, this is the article for you. Read on to find out more!
1. Utilize Automation
If you’re looking to increase the efficiency and productivity levels in your small business, there is no better solution that automation. By making use of features such as small business payroll software, CRM management software and accounting software, you are essentially freeing up precious hours for hour staff. Time that isn’t spent focusing on mundane tasks such as payroll and accounting can then be used in more productive ways. Why not have your employees focus on revenue generating activities such as customer service, sales and advertising? Automation is a fantastic way of more effectively spending office hours, so if you haven’t already jumped on the bandwagon, it just may be time to do so.
2. Hire for Culture
Innovation starts even before you’ve hired your staff. When on the lookout for new team members, it is important that the individuals you pick understand your vision and align with your corporate culture. Having a team that is full of motivated individuals who are striving to work towards a common goal is one of the best ways to ensure your organisation runs smoothly. With a certain goal in mind, you can then take on the various ideas and perspectives that team members may be able to offer to help you achieve that goal. Diversity is important when hiring your team members, but always make sure that everyone is generally on the same page when it comes to company goals and aspirations.
3. Host Brainstorming Sessions
Some of the best ideas that successful multinational companies have come up with have come from employee brainstorming sessions. In order to promote innovation, you will want to host monthly or even quarterly brainstorming sessions where your team can get creative with ideas. Place everyone in a room and just allow their creative juices to flow. Brainstorming is a great way of putting lots of different heads together and encouraging everyone to mingle with one another, share ideas and perhaps even combine ideas to come up with ideas that are brand new, innovative and beneficial to the growth and success of your business.
4. Delegate, Delegate, Delegate!
If you’re looking to up efficiency and productivity levels, it is so important that you learn how to delegate. As a leader, you can’t handle everything on your own. This is why delegating tasks to your team members is so important. Delegation not only ensures that everything gets done on time, but also breaks the monotony of everyday work so that your employees can become more efficient, creative and innovative at the same time. Delegation of certain tasks can also allow your team to develop their talents and skills which in turn will help boost productivity levels in the workplace.
5. Reward Creativity
Last but not least, one of the best ways to promote productivity and innovation is to constantly reward creativity. One innovative idea that is rewarded plants the seed for many more innovative ideas to bloom in the future. When your team feels appreciated and that their efforts are being recognized, chances are they’ll want to work even harder and achieve more in the future. This strengthens employee motivation levels which in turn boosts your productivity levels.
By implementing a culture of productivity and innovation in your business, you will find your business soaring to brand new heights. We hope that this article has given you some insight into some extremely simple ways in which you can promote productivity and innovation in your small business.
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