When it comes to business, time is money. This saying may sound cliche, but it’s popular for a good reason – it rings true. The longer you take to deal with individual customers or requests, the less people you can engage with. When you’re running your business, you want to communicate with as many peoples as possible in order to boost your exposure and highlight what you have to offer to as many people as possible. But not to worry – there are so many different things that you can do in order to make the most of the time that you have available to you. Here are just a couple for you to consider!
Organizing Your Stock
The majority of small businesses waste so much time due to bad organisation in their stock rooms. Safely stacking stock in boxes may seem like a good idea in terms of saving space, but if you don’t know exactly where everything is, you and your staff are likely to spend a whole lot of time rooting through different boxes, shelves, and stacks in order to find the goods that customers are requesting. So, it’s extremely important that you organize your stock effectively. Invest in specialist equipment like storage racking systems. These simplify the process of material handling, reducing the amount of time that you spend finding your products and goods, and maximizing your profits!
Accepting Contactless Payments
The old saying goes that cash is King, but nowadays the number of people who carry cash on them as standard is significantly reducing. Now, there may be various reasons for this. Cash is easily lost. People tend to worry that they may not notice notes falling out of their wallets or pockets. Cash is also relatively inconvenient. Very few people are paid in cash nowadays, so obtaining it involves having to make a trip to the bank or a local cash machine in order to make a withdrawal. So, it’s not all too surprising that most businesses now accept card payments. However, there are ways to simplify even this process. Consider accepting contactless payments. This allows customers to simply pass their card over the card reader, making a payment without even having to enter their PIN number. Generally speaking, contactless readers now accept payments of anything up to $40 / £30. This may only save moments, but it makes transactions a lot faster and simpler! If you want to take things a step further, you could accept contactless payments through phones. Services such as Apple Pay enable you to take a payment when a customer swipes their phone over the contactless card reader. This allows people to make purchases from you at any time, even if they’ve left their purse or wallet at home or are awaiting a replacement card in the post.
These are just two different things that you can do in order to maximize the efficiency of your small business. So, implement them into your routine and process. It’s worth the effort and investment!