Close form

How to Create a High Performing Business

3 May 2019
Mark Friend
Payroll, People, Building a Business

High performance businesses stimulate more effective employee involvement and commitment so they achieve increased profits, improved productivity and higher levels of customer loyalty.

We are living in uncertain times. The highest performing businesses will, by their very nature, ride out the storm more effectively than their competitors.

So how do you create a high performance organisation?

A truly high performance business will deliver higher levels of productivity, customer satisfaction, sales and profit, and will help you retain employees.

The backbone of a high performing business is a resilient workforce. You need to build a team that is highly motivated, high performing and consists of people who look forward to coming to work every day because they feel they are a part of the company and the bigger picture.

As well as hiring the right people, you need to create a culture that allows your team to perform at a high level. It all starts with communication.

You need to communicate the vision, strategy, values and beliefs of your business in order to create a shared purpose. They need to buy into your vision for the company so that they feel invested in its future success.

Next, you must empower your people. Set their high level objectives and communicate these to each member of your team. Explain how each objective contributes to the overall success of the business.

Now step back and give your people the space to get on with working towards those objectives. Be present and available for when they need to escalate issues. Set regular team meetings but never micro-manage. It is also important to create appropriate reward strategies so that your high performing people feel rewarded for their commitment, and remain motivated.

Remember, perfection is not attainable, not even in the very highest performing organisations. However, if you aim for perfection, you might just end up a notch below that, which is where a high performance business should be.

As a first step you may want to set down your vision and your strategy to achieve this. If this is of interest why not discuss with us a strategic planning day. If you are further advanced and have a clear strategy but are struggling to implement it then we have the contacts to make your vision a reality. Contact Mark Friend for more details.

Similar articles

girl on laptop with dog asleep
29 June 2021

Don’t miss out on tax relief for home working!

Given the recent advice from our prime minster about working from home where applicable, many employees will be wondering whether they can make a tax claim for working from home.

Fountain pen on lined paper
23 June 2021

What is an executor?

We do wonder sometimes if the people being appointed as executors actually know what they’re signing up for, so we thought it might be useful to summarise an executor’s duties – both for those who are currently writing their wills and for those who are asked to take on the role.

Confetti on floor
7 June 2021

What are the common traits of a successful business owner?

Having been in business myself now for almost 30 years I have seen the common traits of those business people who are successful and those who aren’t. It isn’t about having an extraordinary new idea which no one has thought about or tapping into new markets, although this is great if you can. It is more about doing the right things and doing them well.

Our 3 step risk-free guarantee puts your mind at rest and keeps us on our toes!

FIND OUT MORE
Bryant House - Friend and Grant Chartered Acocuntants and Tax Advisors

Book Your Discovery Meeting

Are you hungry for success? If you run a small to medium size business and you want to grow your sales, increase profitability and pay less tax then you have come to the right place.