Rewarding & Productivity Tips for Small Businesses.

No article can give you all the information about making your business successful. So, today I have put together different points, all of which are very important to remember, if you want to cover all aspects of business success.

Information

• Firms are often criticised for being insufficiently aware of the business environment in which they operate and for failing to adapt products and their processes to meet changing customer needs.
• It is also said that too many firms are poorly led and lack vision.
• Clearly, you don’t want these comments to be accurate in relation to your business.
• Make time to keep yourself with the industry updates.

• Current affairs are currently alive in people’s minds and it does not take a lot of effort to get their attention on something that contains information about current affairs.
• Use your knowledge of current affairs to attract people who are searching for information about current affairs on Google, Twitter etc.
• Talk about current affairs and include your content with it.
• Your content has a greater chance of being searched and noticed.

Reward and Reprogram

• A 5% bonus to an existing employee is cheaper than a 20% increase that you offer to a new joiner.
• Be generous in rewarding your employees. It is a smart way to spend less and get more returns.
• Reward your team for meeting budgets and time lines.
• Give away that 5% bonus to save the 15% every year per new employee.
• Cut down on the headcount by automating the non-producing items like ordering and record keeping, accounting, sales reporting, customer care and voice mail.

Learn

• A fake person is constantly seeking attention.
• Save your business from such people.
• Where attention seekers have a hole that constantly needs to be filled, genuine people are already filled with self-confidence and self-awareness.
• Genuine people don’t seek attention.
• They are content within themselves and don’t need constant reinforcement of their own ego.

Grow

• After a change has been implemented, it needs to be reviewed for effectiveness.
• Reviewing and producing the effects can help rectify errors and take steps to perform better in the future.
• Performance review gives people a view of what is expected vs what was achieved and what needs to be done to achieve or surpass the set goal.
• The purpose of reviewing the effects of change on people, processes and outcomes is that staff, teams and departments will want to know how they are performing as individuals, as teams and as an organisation after the change was implemented.
• Keep the staff and departments updated about their performance to keep them helping each other whenever necessary, and to know who to contact when need be.

Choose

• While the importance of social media in the success of a business cannot be denied, keep striving to find balance of give and take.
• A business network comprising of selective and qualified people that you can count on, tap into and rely on for support, direction and insight is much better than a thousand followers on a social networking website.
• Don’t just give, take.
• Let your employees explore more efficient approaches to their tasks.
• A small business owner must invest some time in personal engagement with prospective clients, partners, or customers, in order to form a lasting and beneficial business relationship.
• Give your employees the freedom to try new ways or work in their own way, instead of relying on the standard way of doing things or waiting for you to guide them how to do it.
• This freedom makes them bring more innovation to the business and builds sense of responsibility.

I have discussed in my previous posts how you can look at some of your competitors’ websites to get an idea about building your own website. The next step is to build your own website. This is your home base and all of your internet endeavours will run to and from it. As a starting point, you can contact an online media consultant to help set-up the website per your requirement. Selecting a domain and figuring out a quality hosting plan to get off the ground, the design and layout of your site, all of these can be taken care of by HyperEffects. You may also use the insights you gleaned from your competitive research and select something that’s clean, engaging and simple.