The most important question you need to be thinking about right now:
What is your opportunity?
Continuing to do everything in your business is … EXPENSIVE.
Efficiency is all about understanding how to use your resources (time, money, labor, etc.) more effectively so that you can use LESS and get the SAME or BETTER results.
That’s no longer a luxury, that’s essential to stay in business over the next 3-12 months.
You need to be looking at your business with a critical eye and clarifying where you can cut back without losing revenue. This will help you increase your profit margins and overtime can increase revenue overall as you divert the resources you ARE using into the right places.
That’s efficiency. That’s clockworking.
NOW is the time to be fixing the cracks in your foundation so that you can make it through this + be even stronger on the other side of it.
On this week’s Run Like Clockwork episode (taken from a live training + Q+A session), I share 5 tips for being EFFICIENT during these uncertain times + market:
Use you data/metrics.
Create a plan.
Trash, trim + transfer things off your plate.
Take some downtime.
I explained these tips in more depth on this livestream as well as took questions from small business owners just like you.
I answered questions like…
Should I stop making investments in my business right now?
What should I do if I have an upcoming promotion? Should we continue to sell?
Are certain industries seeing more of a “slow-down” than others right now?
How can I serve my audience + community more?
I had to send my team home, and can’t keep up with business, how do I communicate with my clients?
Why we’re still enrolling for our RLC Accelerator program.
What’s your best advice for a small business owner in danger of shutting down?
If you have questions not addressed on this episode, drop your questions over on Instagram @rlclockwork and we will either answer them there or in an upcoming episode.
Reminder: none of us predicted this, and none of us have experienced anything like it, but we get to choose how we’re going to react and respond as a business owner to it all. It’s our responsibility to keep our businesses’ afloat through this challenging time, and I believe you can do it.
Experiences like this form the foundation of our strength.
If you’re interested in receiving our support with creating more efficiency in your business right now, we’ve just opened up an extended 12 part payment plan for our Run Like Clockwork Accelerator program. This is the best way for us to support you in becoming ultra-efficient in this uncertain economy. Our highest priority is to help keep as many small business owners in business through this challenging time. Our April cohort starts Monday, March 30th, 2020!