We still often hear the phrase “time is money”, which makes it quite clear why efficiency and productivity are held in such high regard by businessmen the world over. With the never ending pressure of deadlines and cramped schedules, time often feels like the one thing we will never have enough of. This is precisely why efficiency is becoming the one thing business owners strive for above anything else – as do managers and CEOs. However, there are several things that can be sucking the life out of your efficiency even now, and can hinder your progress in your everyday tasks. Here are four of them and how you can combat them successfully.
Even though some consider perfectionism to be a good thing, it is actually the opposite, especially when it comes to productivity and efficiency. It has you impose impossible to reach standards on yourself and others, which can lead to either a fear of failure, or complete burnout. If you set your employees impossible deadlines, and if they are always working under the shadow of your perfectionism, they will be working in a negative environment that breeds stress and frustration. Consequently, they will either leave your employment, or drive themselves mad with overwork, trying to live up to your imposed standards. Not to mention there is no such thing as perfection – and even if there were, what would you strive for once you have achieved it?
Trying to do all, know all and be all
The Internet allows you to find anything and learn anything you need. The advancement of technology has put information and knowledge at the tips of our fingertips, which is both amazing and terrifying at the same time. While you should by all means use all this progress to your advantage, you still need to rely on your own brain to come up with ideas and make your own decisions. You will never be able to store all that information you come across in your brain, and you will only make yourself paralyzed to make a decision without the use of the Internet. Likewise, you should never try to have control over every single thing going on in your company. You need to learn how to delegate, and trust others to complete the work on time and well. You can’t be everything at the same time, or you can, while the company is young. As you grow, it will become impossible. Hire a reliable accountant from Gilmour & Co, turn to a trusted lawyers, find marketing professionals to help you out, and place some of the responsibility in their hands.
Efficiency and effectiveness are not the same thing. The difference is in fact very important, and it can be the difference between success and failure. Effectiveness entails focus on the work, staying in the game for the long run, while efficiency means being able to complete goals fast, by any means you deem necessary. If you are only efficient, but not effective, you may get off to a good start, but you will soon hit a wall, and you will most likely start losing employees as a consequence. You need to create an environment where people can do their best without fear of being late or deemed inefficient.
The power of knowledge
Finally, if you are to be a true leader, you must adopt an outside of the box way of thinking about things. Even if something works well done one way, it doesn’t mean that you can’t approach the matter from a different angle, and make it work even better. If things are done a certain way in your line of work, but you have a different idea as to how you might achieve the same result, you should by all means implement this new tactic. Progress is made when people dare to do things differently, even if no one believe they are right. You need to believe in your ideas, test them out, and stick with the ones that prove successful.
In a nutshell, to be an efficient leader, you need to be both efficient and effective, and you need to remember that the end does not always justify the means. If you become known as someone who works their employees to the ground just to get a certain result, you will have a hard time holding on to the best among them. Learn to manage time and resources, delegate, and always remember it is people you are working with, not just job titles.