Toronto recently laid the groundwork for a 20-year plan to drive innovation, making the city and the entire country a perfect place to launch a new company, according to Forbes. Unlike other regions, Toronto offers a robust business environment for companies to thrive. However, startups must navigate various challenges to grow and earn high revenues each year. Most businesses have difficulty attracting customers, developing skilled personnel, increasing revenue, and driving innovation.
Fortunately, you can minimize these challenges if you plan and execute effective strategies, and utilize new tools and methods to streamline operations. For instance, you can track salaried employees’ hours to avoid paying for non-working hours.
Outsource Tasks
There are many benefits linked to outsourcing business processes like IT support, HR functions, marketing, and finance. When done right, outsourcing can help increase efficiency and reduce operational costs within a company. For example, when you outsource IT support or marketing services, you can focus your energy and time on business growth, without sacrificing quality in these departments. Additionally, when you outsource services like billing, your company enjoys reduced operational costs because the task is performed consistently and at an affordable rate. If you will expand your business offshore let’s say China, then you need to connect with the best recruitment agency in China that will provide administrative and HR services for a smooth process from hiring to employment.
Track Time Automatically
The success of your business depends on how you utilize time on a typical workday. If you suspect what you are doing within eight hours is not moving your business towards success, you should consider tracking business time automatically. Though many companies find automatic time tracking invasive, it does not micromanage workers. Instead, time tracking software simplifies their work, increases productivity, and profits.
With Journyx mobile tracking app, your team can track time anywhere, whether they are working remotely, or on-site with a client. Besides, the intuitive time tracking app for Android and iOS devices does not require you to input the number of hours and minutes spent on a process manually, and that can significantly increase productivity. The other benefits of automating time tracking include efficient project management, cost management, accurate project planning and proposal creation, and constructive feedback.
Use Centralized Task Management Software
Thanks to advanced technology, you can reduce the time and hard labour on small tasks like in-house communication, scheduling, email marketing, and accounting. Utilizing online task management software helps teams work together efficiently, track performance, and stay on task. For example, employees can catch up on chat apps like slack to track work progress.
That way, they don’t need to move back and forth, reading and responding to emails. Project management software also comes in handy, as it allows you to assign tasks, organize workflow, track performance, and leave feedback.
Investing in cloud software is an excellent way of increasing efficiency in your business. Apart from keeping your data safe, cloud software helps you connect with your mailing list more efficiently. With the help of add-ons like MailChimp, you can create email templates, generate reports, and schedule campaigns. Cloud is also eco-friendly and cost-saving because it eliminates paper usage.
