As a franchisor, you probably have an idea of what you need to know to boost personal productivity. Or maybe you have at least a general idea of how it works. It’s important to understand the level of dedication it takes to run a successful small business. And if you’re a potential franchisee, this is information you’ll need to know. In this week’s blog edition, we’re going to take a closer look at productivity and the factors that help small business owners capitalize on using their time and talents in the most efficient way possible.
Productivity defined is how to get the most out of your existing resources. What it entails is taking stock of your resources, your staff and the amount of time available and producing a workable plan for success. Every franchise and small business will have different determining factors and the first step is taking stock of your personal inventory. Ask yourself the fairly obvious questions. On a weekly basis, how many hours are we open for business? Are we properly staffed? If so, are my employees engaged at the most productive and appropriate tasks? Are we using our time efficiently? Lastly, what do we have at our disposal in the way of resources?
Once you’ve arrived at the answers of your own personal inventory, it’s time to embark upon a quest to become the most productive operation you can be. Some of the answers will be obvious. And others you may not have even considered. But here, for your review, are three of the most important factors involving what you need to know to boost personal productivity within your franchise or small business:
Define Your Goals
If you’re a franchise owner, you almost certainly set some attainable goals for getting through the investigative process, the consideration of how your business would succeed and—at a minimum—laid out a rudimentary business plan. However, if you didn’t continue the goal-oriented process once you opened the doors for business, we have one question: Why the heck not? Goal setting is important. It allows everyone on your team to contribute towards a common achievement. Goals don’t have to be elaborate. Think to yourself, “I want to increase business at my establishment by 20%.” There you have it. Now find a way to do it.
If your franchise or small business relies on multiple employees, each of them should have a clear cut agenda to accomplish every week without fail. As an owner, provide these weekly task sheets—or review an employee’s version of one. Delegate authority and send your workforce off on Monday morning to conquer the rest of the week according to their instructions. Check in often. Offer to help where applicable. Give praise for tasks completed and constructive advice when they aren’t. Improve on this concept every week until you’re running a well-oiled machine.
Optimize Your Business
After a thorough review of how you conduct business at your franchise, assess whether or not you’re doing things in the most optimal fashion. There should always be room for constant improvement and optimization of your business model. If optimization processes have proven to be successful enough for mega-companies such as Facebook, Microsoft and Elon Musk, they should be good enough for your personal business. Break down your business processes step-by-step. Identify weaknesses in productivity and zero in on optimizing them for everyone’s maximum benefit.
At Proven Match we continually encourage productivity, not just for ourselves, but for our clients. As a franchisor, you’ll want to know which existing and potential franchisees best fit your business concept. And Proven Match is the proven solution in determining those factors. Obtain the ability to categorize your best existing franchisees for future validation efforts. And find the potential franchisees still engaged in the discovery process to add to your team. Through our proven behavioral assessment techniques, predictive analysis becomes predictive success for your franchise concept. If you’re ready to show your leadership by getting started, give us a call and we’ll put you on the path to a more productive year in 2016.