You can either embrace new technology for the sake of growth, or you can embrace it because you fear losing out. This post will give you the tools and information to decide which way to go.
On the subject of technology, you must understand the driving force behind new technology. Technology is gaining ground by encouraging a new level of efficiency. In order to understand the underlying reasoning behind new technology, we must understand the theories behind the concept of efficiency and the principles of growth.
Every business is in pursuit of the “road to efficiency.” This road has come to be defined as the path to growth and efficiency. It is often said that a business cannot grow unless it can grow and improve its efficiency. However, if this doesn’t happen, it won’t reach its ultimate goal of growth.
Let’s take a moment to understand what we’re talking about here. Efficiency is the ability to get work done with less resources. If a business can manage its resources better, it can run a more efficient business. This is what every business wants. The simple formula to getting more out of your company is to get more work done with less resources.
Get More Work Done With Less Resources
This may sound simple, but not all businesses get this right. There’s a fundamental question that every business should ask itself: “how can we do more with less resources?” The answer could be the difference between surviving and thriving.
Consider the words of David Allen, founder of Getting Things Done (GTD). Allen explains how business owners can improve efficiency by doing their absolute best to get the work done as efficiently as possible. GTD encourages business owners to focus on their highest priorities. A business can only accomplish the highest priorities if the highest priorities get done, which makes it the difference between surviving and thriving.
He states, “The fastest way to get fewer responsibilities is to keep them shorter. It makes sense that you can get more work done if it’s easier to do.” Allen takes this idea further, which is the basis of a business growth strategy: “When you want to get more done with less work, you don’t need to do more work. You just have to do it with better work. You just have to get the best work done faster.”
Keep Your Focus on Your Top Targets
Allen also emphasizes the importance of maintaining focus. He states, “If you keep your focus on your top priorities and forget about the rest, you will get a lot more done. That’s the best way to get more work done with less resources.”
Allen takes this idea to the extreme, which is a great exercise for growth minded business owners. Take this one step further and do the same exercises that Allen recommends, and you will quickly see the difference between survival and thriving.
Instead of staying focused on specific tasks, focus on the big picture, and what you want your business to do in the future. Don’t focus on the tasks or daily activities that won’t help you grow. Focus on the objectives that will help you grow.
Climb That Mountain
David Allen takes this idea even further by taking the task of reaching efficiency further than ever before. Allen explains, “There’s no such thing as running a mile fast.” In the same way that a business must reach efficiency in order to grow, so does the mountain. The mountain is also a task or task type, as Allen explains.
As a business grows, it will need to do more tasks, especially for big initiatives that can only be accomplished with efficiency. Even if you want to do a mountain of tasks, you can’t climb it faster. That’s just how these tasks work.
In other words, focus on your top objectives, get those tasks done efficiently, and keep your eye on the finish line.
Follow Your Passion
Allen writes, “You do the best work when you have a clear vision and don’t mind tackling hard things.” As a business grows, it can grow more focused, and this is what allows for growth to occur. A clear vision will help you find the resources you need to get more out of your business, which ultimately leads to growth.
The mountain is difficult to climb, but it can be a lot more simple if you take the time to focus on your passion. The passion will show you the mountains and challenges that you need to face, and guide you through them. This is how growth happens. This is also the exact type of work that business owners should do when growing. Allen explains, “If you don’t have a passion for your work, it’s really easy to get caught up in the daily grind, forgetting to keep your eye on your goals.”
Take Allen’s advice and focus on your passion. You will get more out of your business and will see a change in efficiency in the long run. It doesn’t matter if it’s hard to get the work done or if you don’t like working on the mountain. If you want to reach success, take a few minutes every day to climb your mountain, and work toward your objectives. This will help you reach growth sooner.
The answer is in the details
This is the easiest way to grow a business that Allen recommends. If you are used to handling many details, you will feel more comfortable as a business owner. A business owner who knows his own business will know how to handle different areas.