Strategy, Legal & Operations
Small talk with Peter Jones: How saving time can help your business

- How you can increase business productivity
- How to overcome business challenges
- How to free up time to make smarter business decisions
- How to motivate and empower your employees
- How to elevate your business performance
Three ways to save time for your business
1. Scrap the spreadsheets
Stop drowning in spreadsheets – put them to one side. Instead, use cloud-based software that presents a unified set of data, integrated with all organisational functions, so you and your team can quickly access the information required to make the decisions that count. Your CRM can work with your finance tool, for example, to provide the best visibility. Decision-makers will get knowledge they can trust, and this breeds the confidence to make the right decisions.2. Use data and insights
Which of your products is selling well and which isn’t? Which customers pay on time and who fails to do so? These are just two insights that can help you to stay ahead of the game. If you know what’s selling well, purchase more of that product – and the opposite for those that don’t make the grade. The same goes for your customers – by using data and insights to reveal who is always tardy when it comes to paying, you can use that knowledge to set up processes meaning you can chase earlier for payment. That means you can say goodbye to the times when payday occurs and payment is missing, which would typically result in time being lost to chase payments and a drop in cash flow.3. Make data available to who needs it
This isn’t always possible, of course, but always aim to have an open attitude. And it will save time for your employees. Even better is to centralise around a single interconnected platform. Across the company, silos would be eroded as employees work seamlessly through a single platform. This negates the need to search for various documents hiding in different apps. The right information is always there, ready to share.Final thoughts on saving time
Time is a finite resource – and one you don’t want to spend more of it on tasks that don’t add high value to the business than you need to. By adopting the right methods – using software and automating your processes – you’ll free up time for those value-add tasks. But just as important is to use some of that time to make smarter decisions for your business. By using data and insights, you’ll end up saving more time – and money – as you take the best steps to keep your business moving in the right direction.Perform at your best
Discover how to improve productivity, make smarter decisions and empower your people so you can elevate the performance of your small business.
