Five Steps to Increasing Business Efficiency - dummies

Five Steps to Increasing Business Efficiency

By Marina Martin

Part of Business Efficiency For Dummies Cheat Sheet

Increasing your business efficiency can seem daunting, but in five relatively straight-forward steps you can get a handle on how to identify and eliminate costly inefficiencies.

  1. Measure where your business is today across spectrums such as finances, customer sentiment, product/service quality, and employee dawdling.

  2. Brainstorm and list potential inefficiencies (and potential solutions) across your organization.

  3. Quantify the potential impact of any proposed solutions may have on other sectors of the business.

  4. Set efficiency goals and corresponding projects to achieve them.

  5. Define and execute a clear project plan for reaching your goals.