94 – Keeping Business Simple
August 26, 2022
The premise of ‘keep it simple’ has been widely used and helpful for many people in many scenarios. It’s about not overcomplicating things which can leave room for problems to develop.
‘Keeping it simple’ also applies to business. As a business owner, the more complicated you make things, the more steps that you add in a process, the more errors you may be introducing into your business.
Just like the children’s game of ‘telephone’ where a secret message is whispered from one child to the next until the end result is nothing like the original message, the more steps your business processes have, the greater the chance of an error developing.
The key to keeping it simple at work is elimination. Look at all of the steps in a particular task and ask yourself these important questions:
- Is it really necessary to do this step?
- Does it assist me in achieving my goals?
If yes, then carry on!
If the answer is no, then remove the step and shorten the process.
Unnecessary complexity costs your business time and money, so remember to simplify whenever you can. Your time, energy and money can be better spent somewhere else in your business.
Join Paul Sweeney (Pretium Solutions) for this exploration of how you can simplify processes in your business to develop better outcomes, as well as free up your own time.
Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.
For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.
Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.
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