Many businesses all over the world are closing their doors, with many employees working from home or working limited hours. While it is a difficult period for many businesses, there is one thing this crisis is giving us – time. If you often feel as though you don’t have the time for many key business tasks, now could be the time to play catch up.
Want to make the most of this quiet time for your business? Here are some suggestions for things you can do to help get back on track.
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For many people, it can feel like you’re always playing catch up, instead of being able to look ahead. Having a bit of downtime can help you to plan ahead, looking at your business’ overall goals, and planning for weeks and months at a time. Take the time to use online planning tools that will help you organize your workload and put you in a much better place by the time things get busy again.
Get your accounts in order
If you usually leave your accounting until the very last minute, why not get things in order now? This could be an excellent time to sort through receipts, check invoices and identify where you’ve over/underspent. Get in touch with specialist accountants who know the ins and outs of your industry. A great accountant like Copas.org can be an asset to your business, helping to grow it further. With your accounts in order, you’ll be in a position to make better financial decisions and plan out the rest of the year.
Put new systems in place
Time can be a reason why many new ideas never come to fruition. Perhaps there’s new software that you want to try, or a new way of working, but with everything moving a million miles an hour, it’s not always possible to try new things, During a period of downtime, you can take some time to trial new ideas and implement some changes. If there are policies and processes that could save you time and money, then they are worth pursuing during this time.
Check-in on your employees
A period of downtime can be daunting for your employees, who could be finding it hard to stay motivated and even be worried about their jobs. Keeping up employee morale is very important at the moment, so in addition to checking in on work, check in on them personally as well. Even a brief conversation to ask how someone is and if there’s anything they need help with can make a big difference, helping to show that they’re valued and appreciated. Providing regular updates to your employees can also help relieve uncertainty, so try to communicate as much information as you can.
While there’s a lot of uncertainty at the moment, it is possible to make the most of this time. Going forward, you’ll want to make the most of minimizing downtime and maximizing efficiency to help keep your business running and make it even stronger in the future.