5 tips to take your business to the next level in 2021

Looking back on the year that 2020 was, it certainly was a year that blindsided many businesses. Although some businesses maybe eyeing 2021 with caution, Momentum want you to thrive so here are 5 tips to help you take your business to the next level in 2021.

1. Embrace change

Change can be a frightening concept for many people and businesses. However, change is growth and very necessary in the fast-changing technological environment businesses operate in today.

If change is already happening in your business, why not get ahead of it? If you are reacting to changes, you are only treating the symptoms. The better approach it to embrace change to treat the problem.

During times of the unknown (2020), agility is key. Your business must be able to adapt well and adapt quickly. Many businesses are starting to embrace change by moving to the cloud. Other are making small improvements such as upgrading their existing MYOB Exo software. Embracing change allows your company to be more productive and agile as business environments transform.

2. Welcome feedback

Feedback is a tool for continued learning, improved performance and motivation. Effective feedback both positive and negative is valuable information that can be used to make important decisions. Top performing companies are achieving because they consistently search for ways to make their best even better.

Continued feedback is important across your entire organisation in order to remain aligned to your goals, create strategies, develop products and services, improve relationships and much more.

3. Improve your productivity and profitability with add-ons

To extend the functionality of your MYOB ERP software, add-ons are a strategic tool to help you further simply, improve or better understand different parts of your business. MYOB hosts hundreds of third-party apps to boost the capability of your existing MYOB software. From saving time and automating processes to reducing errors and making your life easier.

Momentum have also developed a range of MYOB Exo add-ons to meet our client’s individual business needs. We call these tools add-ons because they add functionality to your business management suite.

Learn more about the range of add-ons available here.

4. Use your data

Data helps you understand and improve business processes so you can improve productivity and profitability. Every company feels the effects of wasted time and resources which directly impacts your bottom line.

Data is key to understanding your customers and market. It also helps you understand who, what and how your consumers engage with your business. Use your data to uncover insights that will guide your business into the future and allow you to:

  • Map your company’s performance
  • Improve your brands customer experience
  • Make decisions quicker and solve problems faster
  • Measure success of your company and employees
  • Understand your consumers, market and competition
5. Identify low-value operations

Investigate the low-value operations that could be holding your business back from performing to its full potential.

  • Are you unnecessarily handling time-consuming manual data which could be automated?
  • Do you have specialist staff being consumed by admin tasks?

Investigating your current processes and finding ways to more effectively operate is a strategic way to help take your business to the next level.