How to ensure that your SME is behaving productively

23/03/2018 08:02


When you’re running an SME, one of the biggest things that you are trying to achieve is high levels of productivity. Being productive means that your workforce is hitting targets and is producing high levels of work, which will in turn ensure that your SME can continue to grow.

With the benefits of productivity being so widely-known, it will probably come as a surprise that research conducted by The Close Brothers Group found that one in 20 SMEs don’t actually know what it means and one in 10 would rather not measure it at all.

So, why is productivity so important and how can you ensure that your SME is practicing it? Read on to find out more. 


Time management

This is perhaps the most important thing for SMEs when it comes to remaining productive, especially if you are a start-up. It’s likely that you have a lot to do on any given day, and in order to ensure that you don’t fall behind, you will need to dedicate a certain amount of time to specific tasks and also think about what is the most pressing matter that needs to be dealt with first. Try writing out everything you need to get done and setting yourself a time limit for each one.


Don’t rush your work

When your workload is mounting, it can be tempting to start to rush through tasks in order to get things done quicker. It’s important to realize that this is counter-productive and is likely to slow you down in the long run. Rushing work is more likely to lead to mistakes which will mean that work will need to be redone. This can also have a negative impact on staff morale, which will in turn affect productivity, and the vicious cycle continues.


Consider the culture of your company

In most cases, happy workers are productive workers, so you’ll need to carefully consider the type of environment that you want to create within your company. Generally speaking, organizations that promote communication and encourage staff to interact with each other will have higher levels of productivity.


Collaborate 

The benefits of running an SME is that you will have the ability to target a large, growing market. Unfortunately, however, it is also likely that you won’t be able to access as many resources as you would like to in order to reach your targets. To overcome this, consider the benefits of using shared infrastructure, shared services and complementary sales partnerships.

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