6th July, 2017
How much of your time is spent working on your business, rather than in it? If the answer is ‘very little’, then how are you finding the time to innovate?
You and your team members are more than likely working incredibly hard to deliver great results and satisfy your customers – but that leaves little time to spend evolving your business.
Recent research by GrowthAccelerator found two-thirds of business leaders “do not have enough time to step back from the day-to-day, to focus on a long-term strategy or determine how best to grow”.
If you’re always too busy dealing with day-to-day operations, how will there be any time left for innovative thinking?
In a recent NZ Herald article PwC innovation partner Andy Symons said innovative companies needed leadership that was “bold”. He said they need to “carve out some time and space […] to do some bold, new, different things.”
As Warren Buffet once said: “You can’t let other people set your agenda in life.”
If your aspiration is to create sustainable growth for your business, you may need to look inwards and prioritise innovation.
The key to this is time.
Finding the time to regularly prioritise innovation may require investing in your business systems.
This will free up time for you and your team member to work on more value-adding projects.
Research suggests that the biggest time wasters in business include co-worker interruptions, answering emails and unnecessary meetings.
Look at solutions that can really transform your business by streamlining processes and automating repetitive manual operations.
Once you’ve carved out the time savings, then it’s time to figure out how your business can be more innovative – and there are several ways to achieve this aim:
Effective leadership is about having a vision, sharing it with your team and giving them the tools to make it a reality.
For you to be an effective leader you need to empower your team by investing in your business systems.
Be open to new solutions for your business that streamline processes.
This will free the team to work on big picture strategic projects that will deliver new ways of beating your competitors and deliver sustainable business growth.