18663 Ventura Blvd, Suite 227Tarzana, CA 91356
FREE CONSULTATION818-436-2775
18663 Ventura Blvd, Suite 227Tarzana, CA 91356
FREE CONSULTATION818-436-2775
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Personal, Affordable Payroll Services, Bookkeeping, and Tax Processing for Small Business throughout Los Angeles County.

5 Top Tips for Running an Efficient Small Business  

How efficient is your business? Most small business owners can improve their efficiency, and doing so will improve their bottom lines. If your business could use an efficiency boost, consider these tips.

 

1. Practice Smart Time Management
Interruptions are common in the business world, so don’t let them take over. Make sure you set aside time each week for the tasks that must get done, and then don’t let others interrupt you. Then, set aside blocks of time to use for catch up, because you are going to have some days that don’t go as planned. By planning this catch up time, you will be more efficient and less prone to falling behind.

 

2. Delegate Tasks Whenever Possible
There are going to be tasks that you just don’t have time to do. Find someone that you can delegate these tasks to, and focus your energy elsewhere.
 
Consider, as an example, the accounting tasks your company has to handle. Yes, you could tackle these on your own, but perhaps your time would be best spent elsewhere. By delegating this task to a small business accounting pro, and paying a little for the service, you free yourself to spend your energy where it’s better spent, and your business will run more efficiently.

 

3. Keep Things Positive
A positive “vibe” around your business will actually help you to be more productive and efficient. Make sure your team knows your vision and is excited about it too, but work hard to keep the overall vibe a positive one. Take the time to encourage employees on a one-on-one basis as well to help foster this positive energy.

 

4. Clearly Define Responsibilities
Unless you’re a sole proprietor, then you have employees or partners helping you with your business. Make sure they know what their responsibilities are. This is essential to efficiency, because if you don’t define roles and responsibilities, some tasks will get left undone, while others will have more than one person trying to accomplish them, and the business will flounder.

 

5. Streamline Communication
Communication between employees, between employees and management, and between the company and customers needs to flow as smoothly as possible. Clear communication delivered quickly is going to keep your business running smoothly. If you have a communication breakdown, implement systems that will keep the information flowing smoothly.

 

Running an efficient business isn’t hard, but it does take planning. Use these tips and find ways to make your business efficient and effective.

Contact Accounting Taxes Payroll Partners today at 818-436-2775 to learn more about how we can help your small business run more efficiently with our services.