As an entrepreneur, you know that success is all about reducing costs, boosting security, and getting better data. That’s why so many entrepreneurs are always searching for the best solutions that combine all three.
As you look forward, these three elements of success can help you focus on your people, support well-being, and allow the technology to do the tough stuff for you. Here are three smart moves for success in 2024.
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Embrace Your ERP Software
ERP stands for Enterprise Resource Planning software. These are the tools that big global companies use to track workflow and manage operations. The big guys are seeing the big picture, not by tracking everything by hand. No way.
They’re using software to consolidate business processes down to the tiniest detail. What kind of processes? You name it. Human Resources such as hiring, firing, training, and performance reviews. Accounting and finances to cover things like invoicing, payments, and resource management.
ERP is a small word for a huge benefit. It enables you to do the three things you love most. Reduce cost. Get better data. Develop stronger security.
Reduce Costs
What CEO or CFO doesn’t want to reduce costs? But we don’t want to look only at immediate savings. ERP enables you to evaluate spending across your organization. You can slash spending on problems that affect multiple departments. This will not only save money but will also skyrocket morale.
Better Data
You can’t make smart decisions without timely, accurate data. Oddly enough, a lot of businesses seem to forget this and make gut decisions before truly analyzing all the data.
Real-time analytics from ERP will help you and your teams gain insights across your organization. This is a life-saver—and it won’t keep you up at night or miss weekends with your family.
Stronger Security
A single premium software can keep your organization running without downtime from security breaches. Data security is a huge issue in companies, both large and small. Don’t skimp here, because your business depends on having the most robust security.
Use Background Services
As an entrepreneur, you’re evaluating the best candidates to work in your company. To do this you are likely to confirm the information given on an application or in a job interview. This can be time-consuming and one of the best ways to make sure information is accurate is to conduct a fast background check.
Background checks can provide you with valuable information such as verifying employment, confirming academic credentials, talking with references, and checking for a criminal record. These aspects may be used to determine accuracy as well as to inform hiring decisions.
Some hiring managers and employers want to confirm specific skills. For example, a senior sales director may need to be able to sell high ticket items, manage a co-located team, and work seamlessly with senior staff. By confirming previous positions, a recruiter can verify their performance in similar positions.
Instead of doing this manually, many entrepreneurs prefer to use a background services firm. This can help you reduce costs, get better data, and ultimately have stronger peace of mind, being secure in your hiring decisions.
Manage Hybrid Arrangements
More companies of all sizes are migrating or have moved to some form of hybrid work arrangements. Employees are still adjusting to the demands of remote work, either working from home full time or going into the office for a few days a week.
Of course, this will impact your onsite operations. If you have a business that requires onsite employees, you will need to navigate the evolving workplace needs and employee preferences. You’ll want to find employees who want to work at least some days in your headquarters. Plus, to minimize headaches and maximize workflow, you’ll need to make sure everyone uses calendaring software.
Some training, tools, and IT support will help you and your team keep calendars correctly and up to date. In addition to scheduling, look closely at health and safety issues. Wherever employees are working, health and safety continue to be critical issues.
As a responsible entrepreneur, continue the on-site health and safety protocols and check with your employees to find out their suggestions. In response to ongoing input, you may want to create such features as an outdoor kitchen, Plexiglas barriers, or socially distanced seating options.
As we move into 2024, creative entrepreneurs who focus on their people first—while reducing costs, getting great data, and strengthening security—are heading into a remarkable year. And those who don’t can, ideally, learn from them.
About Carson Derrow
