By Sam Makad
As they say, every adult was once a child, so the point is that every tech giant, be it Apple, Amazon or Google, was once a startup. It was their decisions, choices and policies that fueled their growth, making them what they are today.
It is very important for startups that they carry out their activities in a well-managed and planned structure. While the need of the moment will always be to excel in everything they do and then ensure they do it in a unique way, this leaves plenty of room to advertise and market their skills, increasing their production, turnover and investors.
Here are some basic, yet important concepts that a startup should consider to boost its production and overall strategy.
1. Plan, prioritize and move forward
This is the best and most important productivity tip. Until you plan it, you won’t be able to finish it, let alone prioritize the time and management of it. Planning an act has its own benefits. Once you start planning something, you can calculate how much time you can spend on it. Based on that information, you can decide whether to outsource the problem or handle it internally.
Planners are time masters!
Until a company is among the leaders in its industry, startups are considered ideas that developed into money-making businesses. These businesses include a significant amount of manufacturing done in a unique way; which, based on current trends, should be at the lowest possible cost.
When it comes to startups, it is very important to have a plan: research the market and make a unique move towards the big leap. As current trends say, it is more important for startups to make their mark as quickly as possible; i.e. make a breakthrough and then continue the momentum.
2. Divide and Excel
Division of labor, as it is called, is a simple way to divide different tasks to improve efficiency, yet maintain the energy and focus of the specific activity. It proves useful on a competitive scale and is extremely useful for a startup.
Despite this, outsourcing may not be a solution for most startups due to their budget constraints; Therefore, they rely heavily on think tanks to help reduce operating costs, allowing for more investment in technology, which brings us to the next and most important tip. It is very important to determine the different business models and then use them to increase productivity.
The basic model that most companies use is MOM (Manufacturing Operation Management). Each individual company chooses a panel responsible for building MOM. Then, most of the task is outsourced, but the panel continues to closely monitor productivity, growing the process.
Another model that can be helpful is dividing the workplace community into groups and assigning certain tasks, after which they complete the final activity.
This last option is the most basic model and is the most commonly followed in most organizations. Because they are the specific subject matter experts, they have their own specializations that lead to the end product.
Choosing the right division of labor requires careful research and skillful organization, as mismanagement will make the job broader and less efficient. However, effective management will ensure that the business grows effectively and promotes healthy competition that benefits everyone.
3. Wear technology in the sleeves
This is the third and final concept when it comes to a startup’s production boost. The foundation for incorporating technology into various business models is based on performing massive amounts of data analysis in seconds and then streamlining the process. Search engines release data that can be analyzed, allowing specific steps to be taken to increase efficiency.
Software can contain a large amount of data that can then be easily stored and accessed from any point via cloud computing. Software creates an attractive presentation format that can reduce operational efforts and costs, allowing the company to invest more in necessary aspects such as infrastructure and employees.
Software, such as ERPs, increases the production and separation of the data process, making it smoother and easier. While selecting, understanding and implementing on-premises ERP is a major challenge in itself, cloud ERP (SaaS) has proven to be the ideal choice for start-up companies.
4. Personnel management and rewards
In the current labor market, job hoppers are a common phenomenon among startups, but research also shows that most startups suffer from outflow. Although churn affects only a small margin on production, some of it is always captured by software. However, technology cannot completely replace the human touch. Certain production capabilities require human resources, and their absence can impact the quality of the production process and overall production.
Fundamental Reasons for Startup Attrition:
- Rapid changes within the organization.
- Poor employee management/satisfaction.
- Less focus on individual employees and their employment conditions.
Apart from the first reason, the other two can be easily managed. Rapid change is something startups strive for.
Startups are the revolution within themselves.
Depending on demand and the current market, startups are constantly changing to sustain themselves and take the lead. That is why it is very important that stakeholders hire talent who shares that perspective.
For certain startups, this news has a huge effect, because startups function with a distorted idea that is praised if the investment is on the low side. Startups are trying their best to perform tasks with little manpower and technology, but when the demand is high, the manpower doesn’t just need to grow, but also needs to be managed well and the technology needs to be upgraded.