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How to Run a Truly Efficient Business

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Contributed post.

In business, efficiency is about getting the most out of your available resources. If you’re overlooking new and creative ways to increase productivity in your company, you might be missing out on easy ways to save time and money.

Business efficiency tips

Image credit: Nattanan Kanchanaprat on Pixabay

Improving profitability by cutting expenses and ramping up production is just basic good business practice. But this is just the tip of the iceberg of what it takes to run a successful company. Ideally, there should be no inefficiencies in a business, but many entrepreneurs encounter problems on the path to optimizing their operations.

Here are five tips on how to make efficiency an everyday priority in your business.
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The Founder Interview Series #39: Stephen Moore, Culture Booster

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The competition for talent is a long-term trend, not a short-term blip. How will your company compete for workers through the next decade?

While much has been written lately about the Great Resignation and churn in the job market, labor force growth metrics show that worker shortages aren’t a short-term phenomenon but rather the new normal for employers.

According to data from the U.S. Department of Labor, the overall U.S. labor force is projected to grow just 0.4% annually through 2030. That’s less than half the rate of growth during the 2000s, and less that a third of the rate in the 1990s.

Stephen Moore of Culture BoosterEmployers will need to implement a number of changes in order to attract the best employees. But one key factor in attracting and retaining employees is workplace culture. How can an organization make sure its workers feel valued, supported, appreciated, and listened to?

That’s the challenge one entrepreneur set out to conquer when he transitioned from consulting to providing a technology solution to organizations struggling to get a handle on feedback, coaching, and performance management.

Here’s the story of Stephen Moore and the company he founded, Culture Booster.
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How to Prepare to Hire Again After the COVID-19 Outbreak

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Guest post by Kate Russell.

As rate of new novel coronavirus infections declines and we learn more about how to limit the spread of COVID-19, economies are beginning to reopen. This may enable businesses to begin a transition to a new normal.

Hiring best practices in the age of COVID-19

Image credit: Free To Use Sounds on Unsplash.

While the rates of infection may fall, the global pandemic is expected to have lasting effects on businesses. More than four our of five firms—(81%) of businesses—believe that COVID-19 will change their operations for the long term.

In response to the pandemic, 87% of businesses have changed their recruiting and talent onboarding processes. These changes are likely to persist beyond a reopened economy, given the heightened concerns for health and safety.

Businesses should consider the following tips to prepare to hire after the COVID-19 pandemic.  
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How Knowing Your Employees Better Can Help You Attract More Customers

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Guest post.

Sir Richard Branson, the British business magnate and founder of the Virgin Group, once remarked that employees should be prioritized over customers. Paradoxical though it may sound, following this mantra does actually lead to happy customers as well as happy workers, research shows.

Employee advocacy can increase brand awareness and salesThere’s a simple reason for that: your employees are your company’s first point of contact with your customers. As a result, adopting an attentive and dedicated attitude towards your employees can easily influence your customers, too. Here are a few examples of how.

Reward individual employees, not just sales.

You’re understandably delighted when your team hits a particular sales target, but rewarding your staff as a team, and so repeatedly emphasizing the “team effort,” can risk alienating individual employees who have gone above and beyond to help make those great sales a reality.

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