Delivering growth in your company – how to work smarter, not harder

The election of the new Labour government has put delivering growth at the top of the agenda. It seems that every government press announcement repeats the same message, be it planning reform, changes to employee arrangements, or infrastructure works. There is a realisation that public services cannot be funded by simply taxing more and we need to “grow the pie” to then share the proceeds of growth – a familiar objective.

It is early days into the new government and therefore an open question whether it will deliver.

In today’s climate of economic uncertainty and recent political turmoil, it is easy to succumb to pessimism. Every business encounters obstacles but dwelling on worries can exacerbate issues and lead to burnout. While conventional wisdom advises doubling down and pushing harder in tough times, what if you and your team are already stretched thin? The answer lies in stepping back, strategy, and doing less but working smarter.

1. Step Back

Take the time to review. As Einstein famously said, “Insanity is doing the same thing over and over again and expecting different results”. Evaluate what is truly effective and what is not, setting aside ego and letting data guide decisions. If you struggle to see clearly, seek assistance from business review and design consultants.

2. Strategy

Once you have assessed the situation, clarify your business and action plan. Where is the market heading, and how can you stay ahead? Identify where your business can make the most significant impact on customers and profitability. Limit strategic initiatives to a manageable number, ideally a maximum of three in a year, to ensure focus and effectiveness. Communicate the plan clearly to the team.

3. Do Less and Work Smart

Implement the plan and strategic initiatives but prioritise and focus heavily on essential tasks and see them through to completion. Embrace the power of saying “no” or “not yet” to activities that do not align with the plan. Prioritise tasks based on their contribution to the top three initiatives, avoiding distractions. Avoid the trap of being a “busy fool” by prioritising meaningful progress over mere activity.

4. Positive Leadership

Whatever the headwinds and obstacles you face clarity, confidence and energy are critical. This comes from positive leadership, that is, focusing on and sticking to clear plans and attracting positive outcomes. This may mean saying no more often without ever really saying no, and thus sounding negative. It also requires you to prioritise your and your team’s health and mindset to maintain energy and effectiveness. Remember; don’t worry, be happy, as long as there’s a clear plan in place.

We have the small matter of the Autum statement coming up and talk of major tax changes. HCR Law, HSBC and Hazlewoods are holding a seminar to explore these themes and update you as to what has come out of the Autumn statement on Wednesday 27 November at Morgan Motors.