Boosting profit through increased productivity
High productivity is an important element of boosting profit. You may be practising specific strategies due to the belief they increase productivity, but this may not be the case.
Consider how the following aspects may actually hinder productivity, resulting in reduced profit. Once you get your head around how to use the following aspects positively, you can drive your profit margin.
Multitasking can be very detrimental when it comes to being productive. Once upon a time, the ability to multitask was seen as an admirable quality. Nowadays, this isn’t necessarily the case. With so many distractions infiltrating and interfering with an individual’s work, the ability to stay tuned in and focused on one task and not be distracted by other things is a desirable quality.
Urgency vs importance
Distinguishing between tasks that are important vs tasks that are urgent is essential for productivity. Tasks such as returning a call, or responding to an email may seem urgent, but they may not actually be important, meaning they do not add anything to your productivity rate. Decipher when a new task comes in whether it is important or urgent, and deal with it accordingly.
Many people think routine is paramount to productivity, but your routine could be filled with monotonous tasks that are actually wasting your time. While having a routine is beneficial, you should review and revise your routine regularly, to make sure you are using your time and resources in the most effective and productive way possible.
Please contact TNR if you have any queries from the above information.