It’s been said that “work expands so as to fill the time available for its completion”. Originally articulated by Cyril Northcote Parkinson as part of a humorous essay published in 1955, this now popular adage refers to the rate at which bureaucracies expand over time.
What makes this concept amusing, of course, is that we all resonate with its scary truth. Ask yourself has your business become a conglomerate of unproductive processes that are only being done because that’s “how it has always been done”?
How many activities routinely completed are not directly related to revenue generating? In accounting terms, what is your percentage of non-billable hours vs “billable”, as in money generating time? First, why not clearly determine what steps are essential each day to effectively run your company and, then, calculate how much time they reasonably should take.
Scrutinize every administrative task your team does and ask is it necessary? if not eliminate it. If it is necessary, can we automate it? How? And who would be the best team member to complete this in the least possible time? In eliminating unnecessary and repetitive steps in the work flow and streamlining the rest, you will see a sizeable increase in your productivity on a daily basis so don’t waste time thinking about it. Just get ‘er done!
Because Parkinson also said “Delay is the deadliest form of denial.”
Preferred Client Services, Bookkeepers working with small businesses in Edmonton, Sherwood Park, St. Albert and all surrounding areas as a business partners to make a positive difference to your bottom line!