By Owen Waters, FNQ Finance Guy
Running a business can be full on and there is usually so much going on in the day to day. Every business is different, it could be anything from looking after your customers to administration. Let’s just call this the “important stuff” but it’s the things that you need to do to keep your business running.
But you have an idea for a meaningful change that you want to make to your business, you just don’t know where and when to start. And how do you implement your idea without impacting too much on the “important stuff” and your stress levels.
Creating a plan is a great starting point. Jump on your computer or grab piece of paper and start getting it down. Here’s a simple framework for the plan:
- Identify what you want to change – be as specific as possible
- Identify the benefit for you and your business - will it reduce cost, provide a point of difference for the business
- What actions do you need to take to make the change – make sure the actions are as specific as possible
- Who can help, internal and external to the business and what can they do - ensure they understand the importance of the change particularly if they are staff.
- What’s you time frame for making the change - is it realistic
- What does the end result look like.
Once you got you plan then it's time to implement. So here are my tips for doing just that;
- Break it down into smaller, specific, achievable actions. By doing this you can create achievable results whilst not impacting too much on the “important stuff”.
- Allocate time. Put it in your diary or calendar. And here’s the magic bit, make sure you do it.
- Referring back to your plan as you go will help you keep your eye on the bigger picture, the why. And don’t be afraid to change it as you go. Changing a plan is not a failure, if it was I’d fail regularly.
- Review the results. What worked, what didn’t and does the end result look like you thought it would. Sometimes the results of the change mightn’t be apparent for a while so make sure you diarise to review.
Finally, if you have achieved a positive change then pat yourself on the back and don’t be afraid to shout it out, tell people and share the results. When it comes to waste reduction meaningful change, no matter how small, is important and the ripple effect can be enormous.