Improve Business Cash Flow

For many people working in a business, days are filled with activity. At the end of each day, however, it might be difficult to remember what, if anything was actually achieved.

Sure, papers have been pushed around the desk, phone calls made, emails sent and meetings attended. Those are activities, not necessarily accomplishments.

A research study conducted in 1995, prior to the explosion of email and instant messaging suggested that interruptions happened about four times each working hour. Interruptions could be in the form of a telephone call, someone dropping by, or a meeting in a neutral work area such as a break room or hallway. The average duration of an interruption at that time was 2 minutes 11 seconds. Approximately 10 minutes in every hour was being spent dealing with the interruption.

This 1995 study also stated that in just over 55% of the cases the person interrupted returned to their original activity; the rest did not. When they did not return to their original activity it was discovered that the person had most likely been interrupted yet again (!), were working on the previous interruption or had moved to another task.

A 2006 study suggested that office workers in the US get interrupted on the job as often as 11 times an hour with a typical manager being interrupted six times an hour. (Read that sentence again and let it sink in).

A second study conducted during this same time period found the average cubicle worker was interrupted more than 70 times a day. A third study found office distractions take up 2.1 hours of the average day (28 percent of work hours) with each employee taking an average of five minutes to recover from each interruption to return to their original task.

The difference between theses studies shows that workplace interruptions are on the rise and show no signs of slowing down. Is it any wonder that things are not getting done?

What can be done to reduce interruptions and increase productivity? How can people in business people stay on track? And, what does this have to do with improving cash flow?

First, focus on the mission statement. If your business doesn’t have a mission it is time to create one. If a mission statement exists, it is the responsibility and obligation of those leading to publicize it to all internal clients.

The rational is that people need to know what to focus on, as a company, as a department, as individuals. If this guidance and direction is missing, people will not be focused on what the organization wants them to be doing. Make sure that the mission is clear and concise.

Having a mission statement means that people will get focused. Focus means efficiency, productivity, less talking and fooling around and more work getting done.

By the way, mission statements should be developed for each individual, each department, each division and the organization as a whole. These mission statements should all be in alignment with one another.

If you are reading this and don’t know how to get started on a mission statement, either for yourself, your department or your company, and order her book The Path. The book has a formula for developing a mission statement that is easy to use and very effective.

Second, make sure that every employee has enough to do. While work is a friendly environment and some socializing is to be expected, some people don’t have enough to do or they procrastinate getting their work done.

The easiest way for anyone in a supervisory position to deal with this is to have a “Daily Goal” meeting at the start of the work day with every employee present. At this meeting each employee can state what they accomplished the day before and what their goals are for that day.

Holding people accountable can be a very quick way to improve cash flow because once management is focused on results and not activity, things start happening.

This allows the supervisor to gauge who is working on meaningful tasks, who is not and whether workloads need to be adjusted. Plus, everyone feels better when they know what’s going on.

However, the supervisor cannot make the assumption that everyone is going to do what they say and follow through. It becomes the job of the supervisor, regardless of their title or level, to monitor what their subordinates are doing and take corrective action accordingly.

This is a key point. The manager should not be doing anything but managing the people that work for him or her. Let’s put the math to it, shall we?

If there is a manager making $80,000 with 10 people reporting to him, and those subordinates have a combined payroll (with taxes, benefits, overhead and profit of $1,000,000) doesn’t it make sense that the manager should try to improve the productivity of those people by ten percent ($100,000) instead of working his butt of and trying to improve his own productivity by that same ten percent ($8,000)?

Too many supervisors get caught up doing their own technical work. What they are being paid to do is achieve results through the people that report to them. If a person is not capable or willing to do this, they should not be in a supervisory position.

Third, remove the reasons for the interruptions. Consider where people are located; are they near the people they are working with; is there a distance or barrier that encourages interruptions to happen? Do people have the tools and resources to get the job done with interrupting others? Why not?

Fourth, put a pencil to the cost of interruptions. Total the organization’s payroll, payroll taxes, benefits, overhead and profit and then multiply that amount by the percentage of interruptions, and distractions that all the employees undergo on a daily basis. As an example, if the payroll, taxes, benefits, overhead and profit of a company is $4 million, and the lost efficiency percentage is 15%, the organization is losing $600,000 a year in lost productivity.

Taking just five minutes to calculate the number should be enough incentive to take positive action to reduce the distractions. Business Sales Information

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Writing Jobs Advantages III

E-books

E-books are not here to replace print books. They’re here to provide an alternative resource for distribution. However, as opposed to print books, e-books are short, contain lots of web links and usually provide answers to a customer’s immediate needs. They can be downloaded off the Internet in seconds, and you can profit from a single e-book long after you’ve written it. Don’t get fooled though– writing e-books takes just as much time and dedication as writing print ones. It’s only the mode of delivery that’s different.

E-zines

Online newsletters, or e-zines as they are frequently called, are becoming the rage of the publishing industry. Many of these e-zines are paying markets and run regular features and columns. Many of them have associated website,s too. While the pay in this market is less, you’ll be writing shorter articles in much less time.

Newspapers

Generally, when we think of newspapers, we think news. But newspapers hold a lot more information than that. With regular columns, reviews and updates, latest findings, and point-of-view articles, newspapers are the writer’s best bet. And if you’ve gained entry into one section of the newspaper, the other sections of writing open up to you automatically. Though slow on the income, getting published in your local daily is still a major ego-booster!

Newsletters

There are many households and small companies that publish newsletters. And all the more are springing up each day. These newsletters are a great way to break into freelancing and gather clips. Their requirements are not as tough to meet as those of magazines and most editors are quite quick in their response times. To add to that, some newsletters also pay quite well, sometimes almost as much as small magazines.

Ghostwriting

If it’s the fame you’re after, you won’t get it here. But you can earn a decent amount of money ghostwriting memoirs, books or even articles for people who don’t want to or can’t write themselves. Ghostwriters are quite in demand today with more and more people trying to preserve their family history by getting memoirs or biographies written. However, apart from the money, there’s nothing else. You don’t get the credit, the fame or sometimes, even the byline.

The prospects for people who write for a job today are immense provided you’re ready to experiment in different areas. The Internet has made it easier than ever to find writing assignments not only in your own country, but around the world. A simple e-mail is all it takes to apply for a job and send in the assignment.

It’s easy for a freelance writer to get stuck doing the same old thing over and over. It’s not only fun, but sometimes necessary to introduce a little spice into your writing routine. If you’ve been writing articles all your life, try doing some greeting card writing instead. If the money is slow, and you could really use some extra money, apply for a resume writer job. If the book manuscripts are lying unsold, try selling short stories for a change. Aluminum Castings

With a little variation now and then, you’ll not only find your income shooting up, but also your inspiration. So next time you find yourself waiting for word on that manuscript, send out a few short pieces instead. It’ll definitely be worth the effort.

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Writing Jobs Advantages II

Posters

They’re up in your room, you’ve seen them in your friend’s office, and you often find a funny one at the fast-food place down the street. Someone must have written them. Why not you? A lot of companies sell posters and generate handsome sales from them. In fact, people who write for a job of posters are usually paid in royalties, that is, a percentage of each poster sold. So, instead of being paid one-time, you’ll be paid over and over again for something you wrote years ago.

Resumes

Practically every one needs a resume (yes, even us freelance people who write for a job). Some people write them up themselves, some prefer to take the help of professionals. Write up a resume for a friend or two at work (even if she doesn’t need one!) as samples and respond to advertisements and calls for resume people who write for a job. Keep in mind though that resume writing isn’t your regular every day writing. You’re not supposed to decorate the page with flowery prose or funny anecdotes. You need to be professional, crisp and attention-grabbing. Practice with a few fake ones, and you’ll soon be on your way.

Advertising

Advertisers need people who write for a job, commonly known as copywriters. They’re the flesh and blood of the campaign. Getting into advertising can be a tricky business, but with a few credentials and a polished resume, you’ll have no trouble at all showcasing your talent to the world. If you are indeed good at what you do, advertisers will line up to get you to work for them. If you prefer not to work for someone, you could set up your own copywriting business and promote it to get clients.

Website Copy

With the Internet revolution finally having realized in its full form, small and big companies alike are looking for people who write for a job to write content for their websites. Not only do these companies pay well, but they also give the writer a much-desired break. If you’ve written website copy, you’ll have no trouble finding more assignments of the same kind. Simply guide the prospective client to the website and he’ll know what kind of work he can expect from you. Aim for start-up companies at first. They’ll usually hand over the whole work to you and you can make a great portfolio.

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Writing Jobs Advantages I

So, you’ve decided to take up a job in freelance writing. You’ve hooked up the computer, installed the printer, and learnt the nitty-gritty of your word processor. You’ve maybe even been published a couple of times. You’re all set to conquer the world of publishing. But wait. Do you know all the options available to you?

We’ve compiled a list of all the jobs a freelance writer can find on the Internet to keep the cash inflow steady:

Magazines

Most of the freelance writing industry focuses on magazines, so let’s start there. You’ll find magazines on every topic imaginable. From teen issues to running, you’ll find at least one magazine to fit your interests. But while magazine publishing is huge and widespread, don’t try to get published everywhere at once. Find a few niche topics and start your way up from there. As your expertise and interests grow, branch out to other magazines as well. Topics most people who write for a job start out with include health and nutrition, computers, parenting, teens, relationships, disability, travel, etc.

Fillers in Magazines and Newspapers

Not all people who write for a job make it to the cover pages of magazines. At least not at first. In the beginning, you might just have to make do with fillers. And they pay as much as they’re fun to do. Jokes, opinion pieces, short lists, news items and other short pieces are termed fillers. Editors are always on the lookout for good fillers, so you stand a good chance of breaking through.

Greeting Cards

With e-cards, paper greeting cards seem to have taken a backseat. Nevertheless, the sale of paper cards is still ongoing and they are still preferred when it comes to special occasions. Despite popular myths, greeting card markets are not as easy to break into as they seem, can take a long time to respond and an even longer time to get your card into print. The upside is that greeting card markets pay extremely well for short writing. What’s more, though limited, opportunities exist for e-card people who write for a job too. So when you need to take a break from the regular work, dip your fingers into the greeting card pool

Doormats, Magnets, Bumper Stickers, T-shirts, etc

If you’ve wondered how those words made it to t-shirts, stickers, doormats and magnets, think no more. Freelance people who write for a job are often required to write the slogans for such material and are paid quite well for it. If you have the ability to coin a catchy or humorous one-liner, this could be your shot to riches. You won’t get a byline, and certainly no fame, but you could be earning as much as $50 per word!

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