When you study ways to improve the quality of business performance, you can find many suggestions and gimmicks that will promise to improve various aspects of a company. You might be told to increase the traffic flow, or the conversion rate, or the number of new leads. Each of these factors is important to achieving the ultimate benefits of business growth, but may not be a final answer if the process is simply mechanical. If you leverage your talent in business it can help to improve the revenues; even during these grim economic(subsidy removal) times.
Here are some suggestions to make use of the talent that is available to you in the employees of the company.
- You get the most out of your business staff when you invest resources in professional memberships and in educational opportunities. These activities should be those that provide genuine value for the Naira. When you bring in outside people, ask how actual learning will be measured and expect a report once the learning activity is concluded. If the learning that takes place with attendees need action, make certain that they get the support that is needed to implement the actions in the business. If you encourage professional memberships for key members of the business, the follow-up from conferences and seminars should be to share ideas with other members of the staff.
- When you ask employees how to make the business grow, you may be surprised at the answers. Even the fact that you ask them is a boost to morale. Often employees are in a better position to make suggestions for improvement and enhancement of the business than management. Instead of hiring expensive consulting firms to review procedures and methods, listen to the people in the company. One of the benefits that you will gain is assuring key members of your employee roster that they are being listened to. Lack of appreciation and recognition is a problem that often arises in a company. This will not occur in companies where employees are encouraged to share ideas and make suggestions, and those suggestions are implemented.
- One of the areas that you can encourage input from employees is by asking for ways to solve problems. Often, some very good suggestions will come from the people that are closest to the issue. For example, if your costs are out of control, ask the staff to identify areas where costs could be reduced and waste eliminated. They may come up with an idea or two that could make a significant difference in solving of the problem. It is important to implement as many of the ideas as possible. If you can do this quickly, the benefits are even greater. You shouldn’t stay focused on the negatives though; solve the problems then return to the positive side of doing operating the company.