If there’s anything that the last year has taught us and that is flexibility is crucial. As so much of what we considered to be the normal day-to-day activities of our lives shifted so dramatically, out of those disruptions came a new way of planning, organizing, and operating.
Schools had to move to remote or hybrid learning models. Traditional brick-and-mortar stores had to adapt or close their doors. People had to stay home, causing a spike in relationship troubles, and most offices went entirely to at-home work models.
All of these disruptions have come with a cost, but it has also come with opportunity. The opportunities to create at-home businesses in eCommerce, delivery service and courier services, cyber-security, and niche type businesses have never been more attractive.
The Benefits Of Streamlining Your Operations
Streamlining operations has been another benefit from the social disruption that started in 2020. For many businesses to grow, they’ve had to streamline their day-to-day operations and rethink and reimagine their traditional organization.
These operational changes have created an unexpected consumer benefit as well. Some of the benefits of organizational restructuring have been;
- Better access to your products and services. There is a more significant opportunity for new and existing clients to communicate and purchase your offerings by being online.
- You are saving time for clients to purchase your offerings. By eliminating in-person purchasing, online purchases’ decentralized nature makes it much more convenient for your potential client pool to find, reach, and access your offerings.
- In service professions, the accessibility and convenience of your offerings also is an area you can use to foster better brand awareness and loyalty.
Even though we are nearing the return to more traditional work and life, there will still be opportunities to create, develop, and grow a business.
Regardless of whether you operate a start-up or reorganizing your operations to accommodate a multi-pronged approach to your business, being flexible is crucial for your success.
Lower Expenses To Increase Your Adaptability
One area you need to develop better flexibility is where your expenses stem from and see if there are any areas you can trim to save overhead costs.
Some suggestions to make your operations more cost-effective are;
Narrow Your Focus: By putting too much emphasis on too many projects, it takes our ability to focus on what is and what isn’t the most effective methods for the outcome objectives we want to achieve. By narrowing your focus on one thing at a time, you can optimize the performance and productivity to help shave unneeded costs to your operations.
Update Your Marketing Efforts: To get the best return-on-your-investment (ROI), you need to analyze your marketing efforts and see what seems to be converting best for you. Traditional advertising models can be much more cost-prohibitive than accessing online platforms, from Paid-Per-Click ads to social media campaigns and more.
Online advertising has a better ROI because, as the marketer, you have more control of your ad targeting, meaning that you can get your message in front of a more receptive audience than traditional advertising models.
Streamline Concept To Distribution: Finding more efficient ways you take a product from conception to distribution should be a priority for you as you analyze more effective processes and methods of doing things.
Lower Financial Obligations: Cut overhead costs such as insurance premiums, consolidate bank accounts and other administrative programs if possible, lease your lab and other equipment such as from Excedr rather than purchase outright, and don’t absorb any unnecessary debt.
Empower Your Workforce: Any discussion of cutting overhead should also include ways to optimize performance, and the best way to do that is to empower your workforce. Be sure to focus programs on ways your team members can become better educated, that they have the tools to succeed, and the chain-of-command to support them as needed.
It’s been said that “employees don’t quit jobs; they quit bosses.” That said, having no clear roles, outcome objectives, and other clear performance metrics is often the list of significant reasons people leave a job.
Open Lines Of Communication: Operations that have clearly defined roles that empower the workforce also have one other thing in common, they have open communication lines within their operations.
Having a communication line that allows team members to have direct input to the planning and logistics of the operation fosters a culture of ownership, where team members feel that their efforts and opinions are valued and that in turn acts as a motivator for optimal performance.