Every business owner knows that the secret to business success is saving time and money but sadly, most CEO’s or principals these are wasting time and a lot of money on unproductive activities that are slowly ruining their businesses. Here are the three top ways that the average business owner wastes time and money in today’s economy.
Wasted Internet Time
Thanks to social media websites, the average business owner these days is wasting more money than ever before playing games with friends or chatting instead of working; what’s the solution to the problem? All internet activities should be split up into their own part of the day, for example: emails, social media activity, video creation etc. If internet work is split up into one to two hours of the day, the average business owner won’t get distracted doing unproductive things and can focus on revenue producing activities in their business.
Most businesses are wasting millions of dollars per year on their telecom costs when they don’t have to. Thanks to the internet, the average business owner can cut their telecom expense management in half by choosing internet based 1-800 numbers, local toll numbers, online fax accounts. These online services will also help the average business owner to simplify their businesses as well because, they can check their messages and take their phone service anywhere they can get a Wi-Fi connection.
Another beauty of the internet is that the average business owner can outsource things like e-book creation, website design and internet marketing to independent contractors in India where the average contractor works for a lot less then contractors in the United States do in one day. The key to using an independent contractor that you’ve found online is to go through a trusted freelancer website and choose a contractor that has positive feedback and many happy customers or referrals. Freelancer websites are a huge resource and can save the average company time and money.