{"id":53410,"date":"2022-10-12T15:21:00","date_gmt":"2022-10-12T22:21:00","guid":{"rendered":"https:\/\/www.salesforce.com\/?p=53410"},"modified":"2024-08-05T11:05:20","modified_gmt":"2024-08-05T01:05:20","slug":"small-business-efficiency-toolkit","status":"publish","type":"post","link":"https:\/\/www.salesforce.com\/au\/blog\/small-business-efficiency-toolkit\/","title":{"rendered":"Introducing the Small to Medium Business Efficiency Toolkit"},"content":{"rendered":"\n

Finding business efficiencies and cost savings is critical. Salesforce\u2019s Adrian Towsey explains how the new Small to Medium Business Efficiency Toolkit<\/a> can help you do it \u2014 along with examples from businesses across Australia and New Zealand who are making it happen.<\/p>\n\n\n\n

Business fundamentals and getting the basics right are more important than ever, largely thanks to ongoing economic uncertainty. There\u2019s more scrutiny around spending, while finance leaders are increasingly involved in even smaller-budget projects. And investors want to see profitability rather than banking on momentum.<\/p>\n\n\n\n

But the million-dollar question is: what are those business fundamentals, exactly? After all, they\u2019re different now than they were twenty years ago.<\/p>\n\n\n\n

Many of those fundamentals solidified during the pandemic, with remote work and customer shifts accelerating digitisation. In fact, according to Salesforce research<\/a>, 71% of growing small businesses say they survived the pandemic because of digitisation. It hints at what we mean by \u2018the new fundamentals of business\u2019 \u2014 digital technology that automates manual processes, tools that empower productive people, and centralised data that boosts agility and decision-making.<\/p>\n\n\n\n

Of course, there are still a few remaining questions. Namely, why are these fundamentals so critical for turning uncertainty into opportunities? And how can you ensure they\u2019re in place in your own business?<\/p>\n\n\n\n

To answer those questions, we\u2019ve launched a new Efficiency Toolkit just for small and medium-sized businesses (SMBs)<\/a>. It outlines the new fundamentals of business and provides real-world examples of how businesses in Australia and New Zealand are leveraging them. Plus, you\u2019ll find tools and steps for getting started.<\/p>\n\n\n\n

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See all the examples from local businesses who are winning with new efficiencies.<\/h2>\n\t\t\t\t\t\t\t

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Download now<\/a><\/div>\n\n\t\t\t\n\t\t\t\t\t<\/div>\n\n\t\t
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Let\u2019s take a look at what\u2019s needed for an efficient business today \u2014 and three of my favourite examples from the Efficiency Toolkit.<\/a><\/p>\n\n\n\n

The new landscape and what it means for business priorities<\/h2>\n\n\n\n

Some businesses are seeing potential disruption as an opportunity. Others are investing in tech after the pandemic sparked a realisation that they were getting left behind digitally. But, mostly, we\u2019re seeing businesses become more risk-averse.<\/p>\n\n\n\n

Regardless of their approach, nearly all businesses are seeing greater scrutiny and needing to cut costs. In some ways, it\u2019s similar to what we saw at the beginning of the 2008 global financial crisis \u2014 but there are important differences, ones that should inspire optimism.<\/p>\n\n\n\n

In 2008, we saw lots of redundancies and job losses. Now, organisations are investing in talent and leaning on experienced employees to guide them through uncertainty. Why the difference? A lot of it comes back to technology, which forms the basis of new business fundamentals.<\/p>\n\n\n

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Your people are more crucial than ever, but automation and tech-enabled efficiencies are necessary to empower them.<\/strong><\/p>\n<\/blockquote>\n\n