One of the key elements that determine a business’s success — particularly its ability to grow — is expending the smallest amount of resources (costs) for the maximum amount of benefit (revenue). The best way to widen that gap, in my experience, is by improving productivity.
This can be especially challenging for smaller businesses with limited resources, or with processes that have yet to be battle-tested. Productivity can also suffer as a company grows and becomes more complex, but fortunately, there are simple and effective ways entrepreneurs can transform an ordinary enterprise into a well-oiled and hyper-productive machine.
