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How to save time and boost efficiency

Posted on October 17, 2017 by admin

Many business owners are looking for ways to squeeze more into their cramped work schedules. But unfortunately, this may mean spending more time on unimportant tasks and not prioritising what really needs to get done.

Rather than multi-tasking or spending late nights in the office, consider implementing these tips to optimising your time and boosting your efficiency:

Delegate accordingly
Even if you think you delegate enough, it is worth reviewing what tasks you delegate and if there are any more tasks that could be done by someone else. Learning to say ‘no’ is also a useful tool in improving productivity. Instead, you may suggest the task for another staff member or manager who is better equipped to deal with the task at hand.

Incorporate downtime
Block off time in your day that won’t be interrupted to focus on relaxing activities such as reading, journaling, walking outside or even meditating. When you incorporate downtime into your daily routine it unleashes creativity, hence, improving your problem-solving skills and allowing for the creation of new ideas and so on.

Reduce time on meetings
Many meetings can be substituted for a simple email or phone call. When they must take place, be sure to create an agenda so they run on time and leave out information that can be sent in an email after the meeting.

Invest in technology
Instead of manually paying your bills, set up auto-payments to save time. Investing in cloud-based software is also useful in managing your expenses, payroll function, invoicing, accounting, time tracking and CRM. The benefits include less errors, more access to data at any-time and anywhere and a more integrated view on how your business is running.

maximise your business's value

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Types of business structures and which is best for you

Posted on September 24, 2020 by admin

An important decision to make before you start a business is what structure your business will run under. This will reflect into all facets of your business, so you should spend time understanding the implications of each structure.

Sole Proprietorship

Partnership

Company

Trust

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