No business can survive if they stick onto just plain work principles. It is the age of smart business and if you do not engage a more innovative approach to running your business, then you will probably think about winding it up very soon.
So, what do you do in order to stay afloat in the industry? Recently at the TruMethods Schnizzfest conference in Philadelphia, some of the foremost names in the business world shared insights about the best business practices out there today. Businesses that implemented these ideas were finding their results to have improved considerably with employees finding their work environment to be friendlier than ever before after such measures have been adopted. Besides revenue growth was phenomenal.
Here are those industry best practices for business:
Having A Burnt Day
It was obvious that overwork will burn out employees and one business owner found out a solution in the form of a Burnt Day in which employees of his business were given the privilege to call out burnt. Two days were allotted per year to each employee with certain rules that guide when to use the privilege. One strict condition was that it should be a work related burnt day and not a casual leave you take. It was a great way to relieve stress and made employees more loyal.
Moving To The Cloud
This program called “Touch the Cloud” was an attempt to instill confidence in the minds of small and local business owners to avail cloud computing based services in their business by removing the stigma fixed in their minds related to cloud computing. It even included a tour to a nearby data center to see the cloud in action virtually.
Solution Of The Month
Kevin Studley – President and CEO of our Very own Network Pro -- did a very good job of letting their employees suggest ideas that they think will improve business verticals and streamline work culture. With 6 of the 45 ideas suggested by employees over the past 18 month, the firm found considerable savings in their operational costs, improved efficiency levels and managed to say good bye to repetitive issues. The idea that was accepted was appreciated with a $100 cash reward to the employee who suggested it.
Conversion Of Client Credit
An MSP managed to turn in more revenue thanks to their approach of offering customers a free service for 3 months and then providing them with insights on how their business improved courtesy of this 3 month free or even discounted service. This was instrumental in getting more customers to sign up for extended premium services and the firm managed to add nearly $4000 in recurring revenue from this program every month.
Drawing In The Best Talent With A Hiring Video
Yet another MSP managed to attract good talent to their organization by spending close to $500 for a professional videographer in order to make a video that featured current employee interviews. The main aim was to showcase the happiness and satisfaction current employees had in the business which serves as an inspiration for aspiring professionals to join the team.
Such great ideas were capable of drawing in big changes to business enterprises that adopted them and hence they can be definitely included into your book of best practices in the industry.
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