Ways to Your Company’s Productivity
- BY Jaspreet Kaur
Feature Writer, BusinessEx
- Jun 19,2020
- 11 Mins Read
Wearing an entrepreneur's hat is a daunting task. One does not only have to ensure if the business is profitable but also stay ahead of times. Unlike decades ago, there are dozens of business competitors in each and every field. Thus, an ideal entrepreneur needs to be swift in his approach. Identifying the customers' preferences is also important so as to understand what customers want and accordingly, modify products.
A first-time entrepreneur tries to do a bunch of tasks daily which comprises important as well as unimportant tasks. Sometimes, finishing up all work responsibilities becomes a hectic task in itself and that's when the business owner frustrates and gives up. An organisation certainly needs a workforce to run itself and their primary job is to carry operations relentlessly.
When the entrepreneur cannot meet his expectations, a workforce is something that he should employ effectively. He needs to entrust them responsibilities and use time in doing other significant errands. Work efficiency can be fundamentally attained by delegating responsibilities.
Entrust Tasks with Accountability
Entrusting responsibilities is the primary errand of an entrepreneur while bringing the employees on board. The crux of delegation is transferring ownership of the certain company roles. These roles are vital and allow smooth functioning of the organisation. While transferring ownership for various tasks, an ideal entrepreneur needs to proclaim it amid the entire workforce. He also needs to enquire if other people are satisfied with it. Others' favour in his decision is vital for the organisation as in an inverse situation, it can adversely impact the business.
In small businesses or startups, it becomes difficult to entrust responsibilities and roles to the employees. Such companies essentially have no hierarchy that makes assigning responsibilities problematic. However, the entrepreneur can start by delegating leadership roles according to the assigned tasks. This will facilitate others to embrace responsibilities and at the same time, become accountable.
Employees, who work tremendously well, need motivation from time-to-time. If the entrepreneur does not recognise their efforts then their morale cannot boost, in turn, affecting their performance. Originally, every employee demands transition in one form or other, thus, enabling the business owner to offer incentives and timely promotions.
The employees toil day in and day out to attain their professional objectives. Ones, who attain targets and work efficiently, need to be appreciated for their efforts. The entrepreneur can reward hard working employees by increased remuneration and promoting them vertically. Such appreciation motivates the employees to work harder and achieve organisational goals. It, in turn, enhances employee satisfaction level and retains them longer.
Embracing Work Culture
When an entrepreneur gives additional responsibility to an employee, he escalates his rank in the organisation. At times, subordinates do not agree with such appreciation and conflicts arise in the team. With the intervention of the business owner, disputes are resolved and peace is maintained amid both the parties.
To avoid fiascos, an entrepreneur should create leaders that have good bonding with other employees and religiously follow work culture. The leaders should also adjust with surroundings and have bring it on attitude. These qualities are vital to assess an individual and calibrate his potential if he designates as a leader.
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