Productivity

Productivity is again a quantity based concept. It is not related to the number of working hours or the intensity of work. The most productive members are the ones consistently over deliver, even though they have promised less output. Productivity is calculated on perception and in business perception is reality, it is a perceived value per unit of time.

Clear measures

It is important that every activity of a business is measured because it would become difficult to run a business unless you understand the company’s stand in the economy. An entrepreneur has to describe and define his success only through the derived results. Everything can be tracked to ensure that there are no loopholes, from customers to clients and from revenues to losses. Without proper goals it is impossible to measure one’s productivity.

Delegate tasks

Delegating an entrepreneur’s work to a specialist can improve the productivity of an entrepreneur. It can also be outsourced to people who can do the same task for a cheaper price to ensure there is no possible loss in the business. But an entrepreneur must not delegate relationships; another individual cannot carry an entrepreneur’s importance and hence customer relations, representation must be managed by the entrepreneur himself.