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4 Ways To Effectively Handle A Large Business

4 Ways To Effectively Handle A Large Business

Many things that worked well when your business was small no longer work now that you are running a large business. Although you may still be in the same basic business, you now have to run it in a different way. Scaling up adds new pressure on your business and you have to deal with a whole new set of conditions.

It might not necessarily be that you’ve gotten inefficient. In fact, you are producing more goods at a faster rate and have vastly improved the quality of your services. The revenue you now earn in a month may even be what it took a year for you to earn in your small business.

It’s tough handling a large business and it’s easy to get overwhelmed, but if you follow the basics correctly and make an attempt to patiently persevere, it’s not as hard as it seems. The tips mentioned below will help you alleviate your problems and handle your business effectively.

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1. Manage your payrolls.

Doing payroll the same old trusted way may be increasing your costs because of the increasing complexity of the paperwork required for wage payments and statements. The solution is to adopt electronic payroll and wage statement methods. This will allow you to put paperless pay into practice. This will give you many payment options, like pay cards and online statements. It will also be easier to manage changes in a variety of departments that have diverse requirements, as well as provide service to employees who have different payment needs.

2. Manage your meetings.

When your business was small, you had fewer business meetings. You probably also had to travel far less often to attend those meetings with partners or clients. Now that your company is growing, there are probably more outside meetings, and frequent travel not only raises your costs but also limits the time you have to work on your own business projects.

One solution to this is to opt for video conferencing instead of actually traveling regionally or internationally. Setting up a meeting is as simple as sending recipients a hyperlink and then conducting the meeting via voice, video, and desktop sharing. Your meetings will go just as well, perhaps even better, and this alternative is both simple to use and inexpensive.

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3. Manage your telecommunications.

It can become fairly expensive to have multi-line telephone units. It’s possible to get virtual solutions that offer the same functionality at a lower cost. If your business has more than one location, you may want to consider getting laptop-based softphone software. Since your employees are probably being outfitted with laptops anyway, why not add these softphone applications to their portable computers, as well?

A softphone is a hybrid word for software telephone. It is an application program that enables users to talk using VoIP, or voice over Internet Protocol. In other words, your employees will be making telephone calls from their computing devices. These applications can be used with a headset and microphone.

4. Manage your technological infrastructures.

If your business is growing rapidly but you are still using an on-premise computer system, then you are paying too much and getting too little for your money. If you’re in this situation, it’s time to migrate to cloud computing.

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Your users will have a richer experience because they will be able to take full advantage of the latest software through Software as a Service. You don’t have to hire an IT team for maintenance and care of the system because all that is handled by the cloud service provider.

You can also scale up your business easily by asking for more system resources and additional services. And your employees can access their work from anywhere at any time. This feature is especially useful if you are outsourcing work and want to give independent contractors limited access to your database as well as enhance collaboration.

Remember, it’s not the same old business anymore!

Size makes a huge difference in business operations because you’re now dealing with far more complexity. For instance, your hiring process has probably changed beyond recognition. It used to be easy to hire new people when you had a vacancy.

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A few well-placed ads were all you needed to get a large selection of candidates and it was not long before you got some more people on board. Now, however, you have so many positions to fill more often that you need a much more sophisticated recruiting system to keep track of everything.

When you have a larger business, you have more employees doing more things, more business processes, more projects to coordinate, and more vendors to manage. You also have more products to sell and more services to offer. Besides having a lot more customers, you may even have several target audiences now because you’ve entered several niches in the same industry.

The bigger your business gets, the more different it becomes. In fact, it may be so different that it’s just a question of semantics to say that you have the same business. In reality, you have a different business — a bigger, more complex business that does more things with more resources to produce bigger results. By using the right solutions, you can prevent complexity from tipping into chaos.

Featured photo credit: Wikipedia via upload.wikimedia.org

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Nabin Paudyal

Co-Founder, Siplikan Media Group

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Last Updated on February 15, 2019

How to Achieve Goals and Increase Your Chance of Success

How to Achieve Goals and Increase Your Chance of Success

Does it ever feel like the things you want to accomplish always end up on the back burner? If the answer to that question is “yes,” you’re not alone. Only about 33% of people consistently work toward their goals. In some cases, their goals may seem too lofty to accomplish, or else they aren’t sure how to make a plan for them.

If you don’t come up with concrete steps to take toward your goals, they’ll remain dreams. There’s nothing wrong with being a dreamer, but being able to turn your dreams into goals you can realize will help you lead a happier and more fulfilling life.

Luckily, you can realize almost any dream when you harness the right goal-setting methods.

In this article, I’ll show you how to achieve goals and get closer you success.

1. Break your dreams down into specific and measurable steps

We couldn’t talk about goal-setting without mentioning SMART goals.

SMART goals are specific, measurable, assignable, realistic, and time-related.

Specific and measurable steps are so important because if we don’t know what our target it, how can we ever hit it?

Take all those beautiful dreams you have for yourself and make them into things you can actually do. If you want to be an entrepreneur, for example, a step toward realizing your dream might be researching what you’ll need to start your business.

Find out more tips about utilizing SMART goals here:

How to Use SMART Goal to Become Highly Successful in Life

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2. Have at least one clearly defined goal for every interest and role in your life

It’s so easy to become complacent or stagnate. We often think that our careers are the only places where we need to set goals, but we aren’t only what we do.

To make the most of your life, take the approach that you’re always learning and growing in everything you do. Anything worth doing is worth doing well after all.

Set goals whether you’re sponsoring an activity for your child, taking up guitar lessons or trying to prove your worth at work.

You’ll notice that this approach forces you to constantly develop new skills. It can also be fulfilling to put more focus and value into all areas of your life— not just the ones related to our careers.

3. Align your goals with your life’s mission, purpose and passion

Take the opportunity to do some soul-searching. What is it that you want to do with this precious life of yours?

Anything that conflicts with your life’s purpose is bound to cause discontent. Staying in a bad relationship, doing a job that goes against your values, or maintaining the status quo just because it’s comfortable are not options for you.

Thinking about your goals in this way can help you eliminate things in your life that don’t serve you. This frees up mental space that you can use to do the things you care about the most.

Many of us struggle to find the time to work on our goals, but this strategy enables you to make more time.

4. Create goals that ignite your spirit and inspire you to take action

If you can’t be fired up about your goals from the start, they might not be good goals for you.

The road to success is often tough. You’re going to have times when you might feel tired or discouraged.

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You need to feel inspired enough that you’ll be able to overcome obstacles as you encounter them.

If what you’re doing motivates you to be the greatest version of yourself, you’ll be much more resilient.

5. Write down all your goals in specific, measurable detail

This is your road map for what success will look like. The more you define what you want the finished product to be, the greater the chance that you’ll reach that vision.

When you write down your goals, you’re creating a document that you can revisit to make sure you’re on track.

When you’re in the middle of trying to achieve a big goal, it can be hard to see what’s working for you. The things you write in this step will help you stay on-message as you take your goals out of your mind and into the real world.

Don’t just write down your goals and stash them away in a folder somewhere. Take the extra step to put them somewhere where you’ll see them.[1]

If you have too many goals to post on your desk, write a summary or choose one or two steps to work on for the day. Just seeing them will keep them in the front of your mind.

6. Commit to hitting each of your targets without exception

You wouldn’t have created the target if you didn’t think it was necessary. Hold yourself accountable for taking the steps to succeed.

You can always adapt your strategy or break your targets into smaller steps if you find that they aren’t attainable as you originally wrote them.

Hitting even the smallest target is cause for a celebration. It’s a step in the positive direction. Your success will make you crave more success.

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We often make excuses when we get tired or overwhelmed. Take away the option to make excuses. You will only be satisfied with the best effort from yourself.

7. Share your goals with others to motivate each other

There’s something so powerful about people sharing their goals and dreams with one another. Doing so gives voice to some part of us that could remain hidden (and therefore never be accomplished).

When other people know about your goals, they can cheer you on and hold you accountable. When people share their vision with you, you can do the same for them.

This strategy is particularly beneficial when you’re trying to develop healthy habits. Post about your workout on social media, or do a healthy eating challenge with your best friend. You’ll be less likely to slack when temptation arises, and you’ll probably encourage someone else to reach for their goals too.

8. Set a series of daily, weekly and long-term goals, complete with starting times and deadlines

Many goals never reach realization simply because the goal-setter doesn’t check their progress. People tend to forget what they set out to do, or their goal gets crowded out by other obligations.

Forcing yourself to revisit your goals at regular intervals breaks them into smaller steps and it reminds you to think about them.

Giving yourself regular deadlines for smaller tasks related to your goals also helps you reflect on your strategy. You’ll figure out what works for you, whether your timeline is realistic, and whether or not you need additional help to stay on track.

In addition, celebrating small wins helps you stay motivated. Here’s how:

How To Celebrate Small Wins To Achieve Big Goals

9. Take 10 minutes every day to imagine how great it will feel to achieve your goals

Visualization is such a powerful tool. Some of the most successful athletes, celebrities and business people take time each day to think about how success looks and feels for them.[2] Imagining that feeling of satisfaction can be a great motivator.

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When you do meet your goals, take some time to be grateful. Thank yourself for showing up and doing the work. Be grateful when the stars align properly to help you advance to the next step.

It’s not just getting to the destination of your goals that matters. How you take the journey is important too.

10. Take an action step toward reaching your goals every day

Your goals can easily get buried in the hustle and the bustle. Even the smallest step in the right direction is still moving you forward.

Keep chipping away at the work every day and before long, you’ll start to see those dreams come to life.

Maybe you didn’t start your business today but you designed the logo that’s going to go on your website and business cards. Doing that task well is going to help you so much in the long run.

Concrete actions day by day draw your dreams out of obscurity and into the realm of possibility.

The Bottom Line

Dreams can inspire and overwhelm us. By turning our dreams into goals that we can work toward, we increase our chances of success. Things that once seemed impossible are suddenly within reach.

It’s time to start turning your dreams into goals and your goals into realities. Change begins today.

More Resources About Setting & Achieving Goals

Featured photo credit: Andrew Neel via unsplash.com

Reference

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