4 Ways to Improve Your Company’s Performance

Every business owner is constantly looking for new ways to get an edge. No matter how well business is currently going, it’s important not to get complacent. There are many high and low tech approaches you can take to improve operations, and which one best suits your company depends on factors like the nature of your industry and the makeup of your personnel.

But here are a few things to keep in mind which should help give your company a boost.

  • Communications Software

Ensuring your company’s board has all the information they need at each director’s fingertips saves them time, and empowers them to make knowledge-based decisions. This leads to higher productivity and better governance. The newest board portal software is a technological solution to make communications simple, efficient, and secure.

Using portal software, directors can share and annotate documents, chat with each other, and issue polls to quickly learn what the other directors think about important issues. It’s designed to be easy to use on any device, and because it’s cloud-based, any changes to documents or any other activity within the software is reflected on all devices. There are many other important features too, so you should see what latest software can do for your board of directors,and for your company overall.

  • Keep Sales People with Customers

How much non-essential work are your top people doing, instead of concentrating where they’re most effective? While research and other tasks will improve their productivity, according to research by Sirius Decisions, sales teams spend only 18% of their time with actual customers.

Whether it’s in sales or elsewhere, find out the optimal amount of time that your heavy lifters should spend on secondary tasks versus their primary one and make sure they stick to it. It’s an important way to maximize their productivity, and help the company improve its overall performance.

  • Weekly One-On-One Meetings with Managers

All your managers should have weekly meetings with the people reporting to them. This helps in a couple of ways: small problems can be resolved before they grow in size, and the tiny gains employees make will be recognized and appreciated by managers.

It’s crucial for managers to know what’s going on at a ground-level, and regular meetings are one major tool for learning. The meetings don’t need to necessarily be lengthy, so long as they communicate the full extent of what transpired since the last meeting. They must take place regularly each week to be effective.

  • Celebrate Employee Accomplishments

To keep energy and morale up in the office, show your employees you value them by celebrating work milestones. It could be an internal rewards system you set up, a weekly e-mail blast, or some other way to show that you appreciate the good work they’re doing.

There are many ways to improve your company’s performance, and deciding which method works for you will ultimately be based on your particular circumstances. But improving communications with board portal software and face-to-face meetings, ensuring your top people spend more time where they’re needed most, and showing your employees that you care is a good place to start.

Adam Hansen

Adam is a part time journalist, entrepreneur, investor and father.