Business is not just about selling a product. While that is how we make our money, there is a lot more to running a business than just sales. It takes a considerable amount of investment in the administration and operations that go behind the scenes. If you’re making money but are not managing your operations you might find that the cash is going out as quickly as the cash is coming in, and perhaps even worse, you could be running at a loss. So, it is vitally important to keep a finger on the pulse and know what is potting behind the scenes. Unfortunately, most people, unless they’re inherently business-minded people, start off with a skill or a trade and convert that into a profit-making enterprise and so the skill of business management is slim to none. Here are a few tips to modernising your administrative practices to help you run your business better.
Detailed document management
With proper document management Australia has many good protocols in place to ensure the highest standards of best practice in this regard, you will need to implement a hard copy management system as well as a soft copy online document management system. Take stock of the demands of the business and adjust your strategy accordingly. Both hard and soft copies will require a management system to ensure you’re able to access the information as and when you need it. Don’t make it too complicated and make sure there are other people in the business that know your system so that if anything happens to you of your key document management person, you will still be able to retrieve the information
Have online protection
It is not just enough to keep your documents online, you need to make sure that they are protected against viruses, being hacked and having your intellectual property stolen or be held ransom by ransomware viruses that demand bailouts in order to get your information back. Install anti-virus and anti-ransomware to prevent this. Have experts advise you on which protection software to use and make sure that it is kept up to date. Educate your employees against opening suspicious emails without verifying and giving confidential information over the telephone.
Always keep a backup
Regardless of whether you’re keeping hard copies or soft copies of your paperwork, you need to make duplicates and store them in a different location to your primary storage place. This applies to online documents too. Have must have a back-up and if you have your files online, make sure they aren’t all in the same place in case that system crashes or you get hacked. It is also good to have your backups encrypted for additional safety.
Do data maintenance
Forms of data keep changing and a clear example is how we used to keep a paper version of all our administrative documents and now we keep digital versions. In the same way, digital document storage is also changing, and you need to keep converting your documents to the format that is required. If you don’t do this, you will find yourself experiencing compatibility issues.