international development services: business strategies – what not to do
DESCRIPTION
International Development Services professional business consultants often provide a company analysis to clients that will detect substandard policies and procedures.TRANSCRIPT
Despite what people may think, ineffective bosses are not the main reason a busi-ness fails. What has an even stronger impact is poor strategy. After all, a toxic em-ployee can be replaced. However, unsuccessful processes that are already imple-mented into a company’s culture and overall plan present major problems. Remov-ing them can cause overall employee performance to decline, or see job orders take longer to fulfill. However, keeping bad business strategies will negatively impact revenue, lose customers, and waste much needed time. International Development Services professional business consultants often provide a company analysis to clients that will detect substandard policies and procedures. Here’s what every business should NEVER do when it comes to implementing new business strategies: Overstaff—Even when business demands don’t require it, some owners prefer scheduling more employees than they actually need. The justification for this typi-cally relates to wanting an improved customer service experience. However, rou-tinely training staff members on how to provide excellent customer experiences can still achieve this. In the end, putting money toward training a few times a year will be cheaper than frequently overstaffing. Keep in mind, if business demands require more staff or there’s a tight deadline to make, scheduling additional employees may be a good idea. Never compromise the reputation of your business to save money. Poor tax planning—Small business owners should always consider hiring a profes-sional tax planning consultant even if there’s already a plan in place. Why? When IDS works with a client, we often witness inconsistent bookkeeping or accounting irregularities. By investing in tax planning services, business owners typically re-ceive back a large amount of money when tax season arrives. Additionally, if an au-dit were to take place, our small business professional consultants make sure all ar-eas are covered. Do Everything Yourself—Are you constantly putting out fires or performing tasks that would be better to have an employee handle? Do you think doing multiple jobs is better for your company than hiring skilled employees? When businesses cut es-sential labor costs, there’s always a negative impact. Practicing this strategy takes away time from employee engagement and monitoring. Also, if there’s ever a busi-ness crisis or emergency, already having support in place can be the difference be-tween seeing your business open its doors or close them. IDS professional business consultants are here to help you create powerful and long-lasting business strategies that will help your company thrive. Lauren Hamilton
IDS
