Tuesday Three: 3 ways to improve your business

Know what everybody does

  1. Know how many staff, contractors, temps and so forth that you have. Count everyone in and out each day, divide them into logical groups, assign an owner to each group then use appropriate strategies to reduce. Each person that walks in the door needs to be there for a business reason.
  2. Use Skype, especially video Skype, instead of phones and travel. Put your Skype addresses on business cards, get your suppliers and clients on board.
  3. Hire smart graduates and put them with rising stars – get them to work on cost savings projects and make sure they capture savings well in excess of their salaries.

About Lance Wiggs

@lancewiggs
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