Productivity is so important when it comes to running a business. When you got productive workers, your company obviously performs a lot better. It increases the rate of low cost per unit and results in lower price. It also increases profits for businesses and will lead to salary increases for labourers. However, many Perth small business owners like us struggle on how to make their employees productive.
What is productivity and how can you develop it? Basically, productivity is defined as the ability of an individual, or group of individuals to convert available resources into profitable services or goods. Productivity in the work place allows you to apply your skills, technology and innovative ideas to achieve maximum output with the inputs and processes that are already in place.
For an entrepreneur to become productive, you need to discover and explore new ways to build an efficient environment. It is important that you develop your motivational skills to build a productive workgroup.
Productivity is also important for businesses because it helps them in measuring their strengths and weaknesses alongside the threats and opportunities that the market brings. But is being productive enough? Is it okay to be productive but you’re ineffective?
Find out the answer by reading the article published by Flying Solo Australia: http://www.flyingsolo.com.au/working-smarter/boost-productivity-productive-but-ineffective