- Growing Your Empire
- Posts
- Optimize Your Operations (December 7, 2024)
Optimize Your Operations (December 7, 2024)
Dave Lavinsky
December 07, 2024
In partnership with
Your BILL demo + 🎁
Control spending with customizable budget controls.
Get real-time visibility into your finances.
Take a demo and get a gift.1
1 Terms and Conditions apply. See offer page for more details.
BILL Divvy Card is issued by Cross River Bank, Member FDIC, and is not a deposit product.
Here’s what we will cover today:
Learn a 5-step plan to streamline your workflow and boost efficiency
Grab a template used by hundreds of thousands to raise billions
Check out the latest news on Facebook ad targeting
Quote of the Day
"No institution can possibly survive if it needs geniuses or supermen to manage it. It must be organized in such a way as to be able to get along under a leadership composed of average human beings.”
~Peter Drucker
Today’s Tip
Running a business is a whirlwind, but taking a step back to analyze your operations can unlock major benefits. Here's a simple 5-step plan to identify areas for improvement and streamline your workflow:
Bottleneck Busting: Are certain tasks or approvals consistently holding things up? Pinpoint these bottlenecks and brainstorm solutions. Could automation or delegating tasks free up your team's time?
Invest in Your Team: Empower your employees by offering training and development programs. Sharper skills lead to increased productivity and a happier, more engaged workforce.
Project Powerhouse: Project management tools like Trello or Asana keep your team on the same page, ensuring projects stay on track, deadlines are met, and communication flows smoothly.
Continuous Improvement: Don't let what works today become a roadblock tomorrow. Regularly evaluate your processes and ask, "Is there a better way to do this?" Small tweaks can lead to big efficiency gains.
Feedback is Gold: Listen to the voices that matter most! Gather feedback from your employees and customers. Their insights can reveal areas for improvement you might have missed.
By implementing these steps, you'll not only improve efficiency and reduce costs but also enhance the customer experience by delivering a smoother, faster service. Take control of your operations and watch your business thrive.
Today’s Resource
Writing a business plan? Use this template…
Over the past 20 years, hundreds of thousands of entrepreneurs, executives, and business owners have contacted me for help with their business plans.
100,000+ of them have used my business plan template to quickly and expertly complete their business plans.
And they’ve collectively raised billions of dollars and have gone on to build some pretty incredible companies.
Trivia
Today’s Question: Why does the Ivory Bar Soap float?
Previous Question: In 1933, how much did a night's stay in a double room cost at the famous Waldorf Astoria Hotel in New York City?
Previous Answer: In 1933, a double room cost $9.00; a single room, $6; a suite, $20.00.
The Waldorf-Astoria Hotel is a luxury hotel in New York City that has been housed in two historic landmark buildings in New York.
The first, designed by architect Henry J. Hardenbergh, was on the Fifth Avenue site of the Empire State Building.
The present building at 301 Park Avenue in Manhattan is a 47-story, Art Deco landmark, designed by architects Schultze and Weaver and dates back to 1931.
The hotel was fully renovated to its original grandeur during the mid-1980s through the mid-1990s.
News
What did you think of today's newsletter? |
Help Other Entrepreneurs & Business Owners
Do you know someone who could benefit from our newsletter?