A business hack is a strategy to grow business while saving time, effort and resources to funnel them back into your business growth and improvement.
Business is about working smarter to work harder, or do more work in the same time. When you implement these tips you’ll notice massive changes in every areas from productivity to employee engagement to customer retention and satisfaction.
Let’s take a look at 5 must-try business hacks that will drive real results for your small business—and help you take things to the next level.
TIP #1 – Incentivize to Drive Higher Sales Performance
Incentivized compensation is the highest driver of incomes generation. Getting it right is essential to enhancing income performance. The most essential issue in your compensation is aligning income incentives with SMART objectives. This ensures your income crew is focused on the proper possibilities and prioritizing the quality offers to attain your goals.
TIP #2 – Cut Unneeded Processes
Your systems got you to where you are now. But what got you to where you are now may not be what will take you to the next level. Audit your your current business processes and cut all the processes that no longer serve your business.
For example, a 2 person sales team sharing updates at a weekly meeting would make sense, but it would be a waste of time for a 15 person team. That is when a CRM tool like HubSpot would make more sense. Another situation would be implementing working from home options to attract more talent in a changing work environment.
The processes that were effective at the beginning might not be the best processes for scaling your business now.
TIP #3 – Make The Customer Feel Like They’re The Only One
Happy customers mean more business, more referrals, and profits. That capacity plays a massive function in enhancing income performance. Customers will remain loyal to manufacturers that recognize their goals.
Today’s saturated markets bombard consumers with hundreds of marketing messages. It’s no longer adequate to promote a product and go on to the next prospect. You want to create a partnership with your customers. You should know their business more than they do.
TIP #4 – Use Content Marketing For Lead Generation
It’s all about driving the maximum results with minimal effort. With content marketing, you have to invest time and effort in creating the content but once that content is created, it can continue to drive new, qualified leads to your business.
TIP #5 – Introduce A ‘No Phone’ Hour
Although technology is a major player in business smartphones are distracting and a huge drain on productivity if not used right. An effective business hacks for driving productivity to encourage 1 hour without phones to focus on the most important and demanding work.
Even if you’re not actively using the phonem studies show that the mere presence of a smartphone can seriously hinder focus, performance and cognitive functioning—even if powered off.
Check out more helpful tips on “The Weekly 5 Blog”.