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"We can rebuild it. We have the technology. We can make it better than it's been. Better, stronger, faster." This is a twist on a classic line from the 1970s television show "The Six Million Dollar Man." Today, you can apply this same thinking to your small business.
Technological advances and free-flowing knowledge have allowed businesses of all sizes to become more agile than ever before. And that's important, because with shifting customer demands in the era of immediate gratification there's a premium on adaptability. But even small increases in agility don't come easily. Hurdles can include a culture that's reluctant to change, resource limitations, and of course, the pressing, often unpredictable matters of day-to-day business.
Still, there's no shortage of tips and ideas for sharpening your efficiency. Rather than point you in a dozen directions, we've collected some advice from a variety of experts.
Here are 5 tips and ideas you can use to make your business more agile:
While it's important to give employees a platform to share and exchange information, companies should focus on providing their teams only with the information they need and filtering out the information they don't. This reduces the signal-to-noise ratio and allows people to spend more time doing their important work.
Visualization can help improve workflows or processes for implementing plans or projects. Visually mapping these changes helps give you the clarity to prioritize, share, and review everything with your team.
As your business evolves, there will never be enough time in the day to explore all potential solutions. Instead of focusing on perfection, create a clear path toward solving for issues that create the best return on investment. In other words, focus on the 20% of your work that delivers 80% of the value.
What? Isn't taking on more customers and bringing in more revenue the whole point behind becoming more agile? Well, yes, but there are certain customers who actually lose you money, whether it's because they pay late, drain morale, or literally don't make sense to service from a profitability standpoint. If your company is in a safe position, now might be the time to take some unnecessary weight off the shoulders of you and your employees.
Small business owners don't have the luxury of having a skilled professional on staff for every type of task. But while the DIY mindset is admirable, it often leads to shabby work, usually performed inefficiently to boot. If you have doubts about whether you or someone already on staff is the best person for the job, chances are you should call an expert and get the job done right the first time.
Chat with a LinkedIn team member.