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Top Tips for Improving the Efficiency of Your Business

Posted By ABPMP International, Tuesday, July 11, 2017

Businesses thrive on efficiency and the approach you take to running your day-to-day operations can have a dramatic impact on your productivity and overall profitability. You can do this by focusing your efforts on streamlining and refining your workflow while encouraging your staff to do the same.

Have a Routine for You and Your Staff

Many businesses end up wasting more time they realize. They spend it making minor decisions that they shouldn’t need to. By implementing and sticking to a routine your staff, will know what they should be doing at any given moment and no time will be wasted figuring out what to do. Routines also increase productivity through familiarity; the more your team complete the routine and the tasks therein the more familiar it will become and the easier and more efficiently they should be able to complete it. If they see you following your own routine and emphasizing the importance of doing so, they are much more likely to stick to whatever routine you lay down for them. Have a look at the routines of successful entrepreneurs for inspiration.

Automation

Automation is an increasingly common and important feature of the business landscape, with robots replacing humans on factory lines and an increasing number of administrative processes now fully automated. If any members of your team are proficient coders, you should consider asking them to go over your workflow with you and identify opportunities where they can automate tasks to increase your productivity.

Avoid Multitasking

Trying to focus on multiple tasks at once inevitably negatively affects the quality of completed tasks. By tackling tasks one at a time and focusing on them individually, each can be given the care and attention it deserves. People often fall into the trap of equating having multiple on-going projects with increased productivity when often the effect is the complete opposite.

Encourage Your Workers to Learn New Skills

The people who work for you will be the foundation of your business and your success or failure will rest largely on the capabilities of your workers. Encourage your workers to learn new skills, whether by partaking in extracurricular activities or taking advantage of learning opportunities within the company. Online degrees such as an online masters in accounting are an easily affordable and accessible way of gaining qualifications which are of value to both individuals and the wider organization. By training existing workers rather than hiring new ones, you create loyalty and foster a more productive environment. There are a variety of institutions that specialize in business-related degrees, such as online accounting degrees. Having a masters in accounting, for example, would greatly increase the value of your team.

Running an efficient business requires you to lead by example and demonstrate the kinds of behavior you hope to install in your workers. By remaining focused and organized yourself your good habits will inevitably rub off on those around you. Inefficiencies in a company’s workflow can cost a significant amount of time and money over the course of a single month or year.

Read more on: Online Master's Degree in Accounting

 

Updated on June 29, 2017

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Be an Effective Team Member with These Tips

Posted By ABPMP International, Tuesday, July 11, 2017

Whether you realize it or not, your job performance in a company or a business greatly affects the company’s operations. Human resources are always the most valuable assets in business process management and they have the ability to influence the outcome of business workflows substantially. Aside from individual skills, the ability to work together as part of the process is also important.

Being an effective team member will make you far more valuable to the company. Fortunately, becoming an effective team member is something that can be mastered with these simple tips. Let’s have a look, shall we?

Reliability First

At the top of the list of things you need to improve in order to be an effective team member, we have reliability. Before you start attending to other things, you need to be reliable first. Make sure your superior and fellow team members can count on you to get the job done correctly and on time. More importantly, make sure you can maintain this level of reliability, regardless of the situation you are in.

Reliability as a team member will influence the team’s overall effectiveness. Every single unreliable team member will decrease the team’s performance by a substantial margin. Have enough unreliable members, and the team itself will be completely unreliable as part of the business process.

You can also take a more active role in affecting others’ reliability. Don’t hesitate to step up and cover for team members who are struggling with their tasks. In return, you can expect your fellow team members to do the same for you whenever you run into issues with the job in hand.

Expand Your Network

The Washington State University and its online MBA department published a great article on how you can expand your network (and how important it is for your professional life). A strong network can help the team – and the company as a whole – in many ways.

When you have an extended and strong network and you need an expert for specific tasks or a vendor for a project, you will spend less time searching for the right people to contact. You can also count on the network you have developed over the years for new opportunities to explore. This is also the reason why many who are pursuing their own MBA degree online use the opportunity to connect with fellow students and lecturers.

Maintain a Positive Attitude

A positive attitude is the final element to develop if you want to be a better team member. With a positive attitude, you will have no trouble at all communicating with other team members, working together with them, tackling challenges along the way, and dealing with the most difficult situations possible.

A positive, can-do attitude is even more important in today’s competitive market, where businesses need to gain a competitive advantage to stay ahead. Bringing that positive vibe into the team will help encourage other team members to do the same and create the perfect environment for everyone to grow.

Read more on: Five Networking Tips for the Online MBA Degree Seeker

 

Updated on June 30, 2017

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