Celebrations

Have you ever had a project that had so many components, people, tasks, revisions and mediums that when it is finished you can’t wait to see how it will be used?

It happened at Wardell last week. We completed our Entrepreneurial Skills Program!

The project beginning and end are momentous. It was our first endeavour at condensing the Wardell Program into 20-minute segments. It meant a loop of creation, edit, revision, cuts. We had technical glitches with sound, timing and a myriad of problems that had us adjusting, researching, troubleshooting and readjusting.

When you take on a project of this size, there is a lot of planning, preparation and people involved so
when the last video was uploaded and the tools complete, it was a time to celebrate!

If you want to learn more about the Entrepreneurial Skills Program, visit our ESP site.

Research and Development Tips for Small Business

 

Innovation has become a buzzword for modern businesses

The competitive advantage for businesses that are continuously refining or reinventing their offerings is one of the most critical aspects for growth in a global market. Every business has the capacity to improve its products and services. Through managing the scope and cost of these changes even small businesses can be innovators. The evolution of your products and services must be driven by a system that encourages and fosters ideas in four key areas:

1. Improving your product quality

What does quality mean for your business? There are two ways to improve quality:  by increasing efficiency from an operations perspective and perceived value from a marketing perspective. Customers’ buy your product because they have a degree of confidence in receiving a consistent level of quality from your business. Both marketing and operations may be doing what they feel is best for their goals, but unless they cooperate there could be significant repercussions to the overall product.

 

Tip: Your first goal should be to meet your customer’s minimum expectations 100 percent of the time.

 

Mark Wardell's Top 10 Tips for Reducing Your Expenses

1. Reduce Overtime

Overtime is expensive, but a little preplanning of your work schedules will go a long way here. The feast or famine cycle that many businesses go through can drive costs up without a corresponding increase in sales. The trick is to keep a steady pace with your work, otherwise you find yourself needing to pay overtime simply to keep from missing your deadlines.

2. Create a budget

If you don’t have one, make one. It may seem like a time-consuming project but if your money is important to you, then the results will be more than worth the effort. Simply put, a budget is your most effective tool for setting and reaching your financial targets.

3. Nurture a cost saving culture

Everyone can and should take fiscal responsibility for their work. One way to do this is to involve everyone in the budget. A budget isn’t just a tool for Management. Make all your employees accountable for the line items that affect them. For example, an office administrator may be accountable for keeping your office supplies on target with your budget.

6 Examples of Effective Design for your Organizational structure

How does your business operate right now? Who does what? Who reports to whom? When the roles, responsibilities and relationships of people in your business are unclear, work will not be accomplished in a timely and accurate fashion. Many companies invest significant time and effort into designing a robust organizational structure.

Organizational structure gives form and shape to your business

Coordinating the work your people do and their working relationships to let people work cooperatively and efficiently toward a common goal.  Without forethought, as a business grows there is little flexibility and room for expansion.  A strong organization structure blends talent, strategy and resources facilitating easy decision making because everyone is aware of their role.

3 Guiding Principles to Effective Organizational Design

Where do you start?

Changing the organizational structure of your business can seem like a daunting task and naturally requires a great deal of thought. Before redesigning your organizational chart consider these guiding principles to help clarify your thinking.

1. Organize your business around positions, not around people.

The functions of your business are completed by the various positions in your organization. The people that fill these positions are vital but if you organize your business around their needs, you are not focusing on improving the functions of your business. How can you organize your business to ensure that positions and the people that fill them have a clear sense of their responsibility? Clarify what needs to be done and then create an organization chart to reflect the functions.

Tip: When you are working on your chart, imagine that you are starting with an entirely new staff.

2. Keep your organization as flat as possible

More agile decision making occurs when there are fewer layers of management and greater personal ownership of tasks. Too many layers can develop a “pass the buck” or “fiefdom” mentality where decisions that should be made quickly are over debated. Take a look at how to Supercharge your business with effective team development.

Tip: Assess whether you are receiving real value from each of your management positions.

3. No one should have more than one manager

Multiple managers for one position gets far too confusing when setting employee priorities. When multiple tasks must be completed for different departments of the company it is difficult to ask employees to juggle conflicting priorities.

Tip: If employees need to work in more than one department, assign one manager as the “primary” manager.

Prepare to Write

Keeping the functions of your business as the highest priority of your organizational structure will provide clarity to the roles and responsibilities of your people. To understand how employees work together take a look at 7 practical strategies for successful working relationships.

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“Wardell has helped me systemize my business so I can travel with my family often and live the life I’ve always dreamed of.”

— Brad Haima, Founder, Circle Graphics

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