Do you work long hours on a regular basis? Many business owners I speak to are working crazy long hours! Some are working from 5 am to 9 pm every single day. This is not only unhealthy, but it is preventable. The solution is to increase productivity in our business.
If you’ve ever felt like you’ve spent all day at the office, but have gotten nothing done, you’re not alone. This is a common concern for many business owners and can be very disappointing and depressing. Many business owners consider it a problem of time management. While this is true to an extent, the other culprit is distractions that lead to loss of productivity.
The distractions that you and your employees face regularly may cost you a lot of money by the end of the year.
Most people would think a two-minute phone break or a peek at social media doesn’t have a large effect on their performance. What if I told you that are report showed that companies lose up to $650 billion a year because of loss of productivity? It’s a lot more concerning now, right?
That’s not to say we need to be robots glued to our desks, or that we should expect that from our employees. But it’s important to know the effects of productivity loss and the factors that contribute to it.
As the business owner, you are leading your team not just with the tasks you give them, but by your actions. Therefore, if you are being unproductive throughout the workday, your team will be unproductive.
You may consider yourself to be a very productive person based on the hours you work and how much you get done in your company. There are two things wrong with this thinking.
If you want to know if you are being unproductive, consider doing a time study. This may show how much time you are spending:
Or even how much time you spend putting out fires with your team. This is a huge contributor to loss of productivity because if you have to spend a significant amount of time correcting or doing your team’s work, how do you get your work done. It’s counterproductive.
These factors may contribute to productivity loss in yourself or your team. Recognizing the factors allows you to correct behavior and amplify efficiency.
If you see any of these factors playing out in your business, now is the time to take action. You may lose a lot of money from these habits. The first step is to take a thorough analysis of your business to understand why these habits occur and ways you can prevent them. Talk to a business coach today to set that up. We only have four openings per month, so reserve your spot soon!
I am a certified Business Coach, providing business help, business advice, business coaching and mentoring services to successful and emerging business owners. I have a passion for helping businesses like yours grow and become profitable, so you, the business owner can enjoy the lifestyle you deserve.
As your Business Coach and advisor, I will help you deliver the results you desire using proven tools, methodologies and systems, tested and perfected over tens of thousands of businesses worldwide for over more than two decades. I will hold you accountable for your results and just like a sports coach, push you to perform at optimal levels. Let's schedule a complimentary Business Coaching session to get started.