))
How to improve your business’ productivity
Manage episode 443074562 series 3363549
Content provided by Stuart Wemyss & Mena Abraham, Stuart Wemyss, and Mena Abraham. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Stuart Wemyss & Mena Abraham, Stuart Wemyss, and Mena Abraham or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
In this episode, Stuart Wemyss and Mena explore strategies to enhance business productivity amidst Australia’s declining productivity rates. They begin by discussing the factors contributing to this decline, including a lack of competition, excessive bureaucracy, and a tight labour market. Both Stuart and Mena emphasise that businesses shouldn't wait for market forces to push them towards productivity but should actively seek improvements.
They share actionable tips across five key areas:
1. Employee Productivity: Assess skills, set clear performance metrics, and foster open communication for feedback.
2. Process Optimisation: Analyse workflows, automate tasks, and leverage technology to streamline operations.
3. Resource Management: Optimise inventory and upgrade equipment to eliminate bottlenecks.
4. Customer Relationship Management: Gather customer feedback, improve communication systems, and focus on the right customer selection to reduce inefficiencies.
5. Financial Management: Regularly review expenses and ensure effective budgeting and forecasting.
Stuart and Mena conclude by highlighting that focusing on just one or two of these areas could lead to significant results, urging listeners to take proactive steps in driving productivity.
If this episode resonated with you, please leave a rating on your favourite podcast platform. It helps us reach more incredible listeners like you. Thank you for being a part of the journey!
Click here to subscribe to our weekly email.
SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here.
Work with Mena & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website.
Follow us: Stuart: Twitter/X and LinkedIn. Mena: LinkedIn
IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.
103 episoade
Distribuie
