Improving Efficiency Tenfold for Small Businesses

Article provided by Javier Loya, CEO of OTC Global Holdings

Summary: Employees can become complacent at times. Here are some tips that will improve efficiency.

With a limited amount of employees working, small business owners are often forced to perform a variety of tasks in order to keep the business afloat. Now, for that reason, there really is no time in their schedules to slack off. Proper time management is key to efficiency. Now, the modern world tends to offer an immense amount of distractions that can essentially steal a company’s attentions. This means projects are often delayed and even momentary interruptions can throw everyone off schedule.

If you are looking for a way to avoid wasting time, there are some tips that you can utilize to improve efficiency amongst your employees.

Time Management and Expectations

One of the finest ways to guarantee successful time management is to have a set plan in place. Many business owners should regularly sit down with their time to discuss each person’s individual role and responsibility. By articulating your expectations to your staff, each member will have a clear expectation of what is required of them to get the job done long-term.

Dive into the Specifics of Their Responsibilities

From there, you can dive into the specifics of the job itself so you can pinpoint what they need to complete on a day-to-day basis. This will allow them formulate a plan and a list to ensure that everything is done and taken care of. A tangible checklist can make the difference between performing at high efficiency and wasting time. Be sure to stay on top of your employees and be the boss that you want to work under – hypothetically speaking of course.

Javier Loya is the Co-CEO of OTC Global Holdings (OTCGH), an independent inter-dealer brokerage.  He is also the founder and owner of Choice Energy Management.