Out Of Office… Making Your Business Earn More Money When You’re Not There
Does your business consume every little thought in your mind, even when you are not there? To run an efficient business, you need to exercise the act of not being there for 18 to 20 hours a day. And if your company is up against the ropes, you may very well be racking your brain to find the best ways to earn more money, but still, maintain a semblance of normality in your life. And so, are there any ways for your business to earn more money when you’re not even there?
Short for Customer Relationship Management, this is one of the most important back office functions lots of businesses leverage nowadays. You can read more about what CRM can do for you online, but, when it comes to making the most of sales, and still initiating contact with a customer base, CRM is one of the jewels in the business crown.
Lending Your Employees Out
If you have good workers, and they are doing your business a great service, by subcontracting them to other organizations you are not just making the most of these great workers, but you are getting a bit of extra money for the business, while at the same time, making a name for yourself. If you have great line managers, they could easily benefit other businesses in your industry by running management skills workshops and team building exercises. At the same time, this is a great way for you to increase your network. If you are a small company, and you are struggling to make ends meet, by casting your net wide and utilizing these important contacts, you are adding that bit of extra value to your business name.
Making The Most Of Your Assets
When we think of assets, there are so many different things to consider. It’s not just your business premises, but it’s your products, your customers, your intellectual property, and even your employees, these are all assets to make the most of in numerous ways. It’s down to you to decide if you aren’t making the most of every asset, and when you are trying to leverage methods to improve your business and make it more sustainable, but also generate that profit you’re so desperately in need of, you’ll have to decide if you’ve been squeezing every penny from your assets as effectively as you think.
Renting Out Your Premises
If you aren’t on site all the time, or there’s even a part of the office that goes unused, do you think you can make some extra money by renting it out to another business? You may want to double up your office space as a temporary working solution for small start-up companies with a skeleton staff. And again, by using your assets as a way to connect with other businesses, this is networking in the kindest form.
You don’t have to be there all the time to make your business run effectively, nor should you have to be there! The best businesses can sustain themselves, but when you are at that point where the business is struggling to make ends meet, it’s all about leveraging your assets.