Thursday, August 27, 2009

Keys to Success in Business- #7

Keys To Success in Business #7
Outsource jobs others can do better- printing, payroll services, information technology. It is often said that the little things get in the way of big things. This can be very true in operating a business. You need to remember the real purpose of your business and concentrate on that. If designing menus or brochures takes time from business then it costs more than it saves. If you spend hours of your family time preparing payroll, you must be aware of the true cost of that. Spending several days in early April preparing tax returns can damage your business. You need to concentrate on the business and have things that can be done by others more efficiently and cost effective done by those that do it best. For example, a restaurant owner would need to meet with the vegetable vendor to make his selection rather than letting them just leave the order, because successful restaurateurs know that is when you get the vegetables that were rejected by the restaurant down the street. Plan your time to be the most efficient

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