Many Business Owners underestimate their administrative process’s efficiency. In most businesses, when I first meet them, they rate themselves at somewhere between 50% and 70% efficiency in the conducting of their daily operational tasks.
To understand the relevance of this figure, try this exercise,
If, for example, you rate your operational efficiency at 70% and your company annual salary is Rs. 10,00,000.
Then: Rs. 10,00,000 x 70% = Rs. 7,00,000 (the actual value you getting after paying Rs.10,00,000)
Rs 10,00,000 – Rs 7,00,000 = Rs 3,00,000. Therefore, you are wasting 3 Lakh Rupees per annum on inefficiencies!
Takeaway: With this knowledge in mind, don’t you think it might be worth improving the efficiency of the administrative functions of your business? (www.missionmeans.com)