Productivity is a key index of the growth of a business. In this week’s series, we asked entrepreneurs what they do to improve it…
PRINCE DEMOLA ADUNOLA
I am not satisfied with the level of productivity right now, but I believe with time, things will improve. I am working towards improving my staff numerical strength. With that and all other variables properly put in place, the company’s productivity level will be jacked up.
BANKE ADEWUNMI, Glitters & Glamour
Although, things are working fine, that does not mean I am satisfied with the level of productivity at Glitters & Glamour Company.
I still need to be grateful to God for being with me all this while. But I am trying to put measures in place to ensure I meet the target I set for this year, in terms of productivity.
No, I am not satisfied. Human wants are actually insatiable. And it can always be improved. I could always get better results.
I will do a thorough evaluation of my highest profit.
What’s bringing the best return to my ventures? Then, I intend to channel all my attention to that. Updating our clients’ database to see how to follow up on existing customers and re-inventing creative solutions to gain or win new clients too…high profiled clients now
We are also thinking of how to up our game and deliver our expertise in a more creative way, solving problems with the service we provide. Trying to identify companies and individuals who need such services and channeling the best of our energies to meet such demands.
Lawrence and Company Limited
Business owners are never satisfied with productivity because when they do, growth is stalled. By and large we are doing well.
Productivity improved here through hard work, team work and strategic thinking.
I won’t really say with a straight face that I’m completely satisfied with the level of productivity in my company right now because first, the electricity issue which has dogged us for years is still very much present. Second, increasing insecurity due to the activities of Boko Haram. And finally, the issue of Ebola. All these make doing business in Nigeria at the moment highly difficult and thus, affecting the productivity of most companies.
Internally, we’ve done what we consider our best for now, we just have to see how the government tackles the other issues. That will determine how productive most companies can be in the near future.
JOSH OBASEYIOWULOLUWA, The Red Brand
No, I am not satisfied with the performance indicators of my company yet. I believe my staff represent my company’s biggest expense and it’s equally important to see them as the most valuable asset. In other words, it’s imperative that the company’s productivity and ultimately, it’s profitability depends on making sure all of its workers perform up to,if not exceed its full potential. To achieve that, we made it a duty to track other measures such as quick turnaround response; quality of service/ product; customer service and satisfaction and our brand relevance. Furthermore, we resolved to adapt forward looking measures in our business, such as staff/ employee satisfaction, training to encourage them build on their key performance indicators (KPI) and retention planning.
MAHMUD ABDUR-RASAQ, Smiley Events & Ent.
I’m not really satisfied because there are still a lot of things that need to be put in place. We are trying to make effective use of the available resources we have to make our clients events a reality.
Improvement has do with understanding our customers very well, what they want, how they want it in order to satisfy their demands. To also draw a plan that clearly identifies the work to be carried out.
To define and implement the methodology that need to be used to complete all events efficiently. We will keep improving on our shortcomings in other to satisfy our clients.
SHIRLEY IGWE, Shirlz Mega Concepts Ltd.
I’m satisfied with the path of growth we are following. It can only get better. On how we do it, there is really no formula I can remember. All I know is we keep doing it.
ABIODUN OLUWASEYI, Gifts and Baskets
Productivity is the efficiency with which a firm converts inputs into outputs. Gifts and Baskets is driven by these factors. Here are some of the drives we have put in place to change the status quo of our productivity.
We have taken a step back to rationalize our approach to our customer care relationship to increase productivity We also intend to move with the new trends in the markets as the market evolves each day so our products do not become monotonous.
Gifts and Baskets has also considered investing in trainings to broaden our horizon and creativity. Albeit, trainings cost money in the short term, but can raise long-term productivity. All of these, we believe will bring a change in the status quo ante of our productivity.