We lived in a very fast-paced world where everyone constantly wants some immediate result for their hard work. This is also true in the world of entrepreneurs, business owners are looking for business hacks to expedite the growth process of their businesses.
While most of the time, trying to rush due processes and seeking instant gratification will only lead to a bad result. There are still some legit and proven business hacks that every entrepreneur should know to help them achieve their business goals.
The Business Hacks
In this article, we compiled 5 proven business hacks that can help a business owner like you achieve business success.
This set of business hacks will not only apply to online ventures but to all types of businesses too, especially for the small business owner.
They can help you achieve short-term business goals and eventually lead to the accomplishment of your long-term goals.
Let’s dive in.
1. Use Tools to Make Tasks Easier
In the age of technology, the usage of tools is not just an option but a necessity for business growth.
They help the company save time, improve SEO strategies, create content, handle different types of marketing, drive traffic, and much more.
Not to mention that your competitors will probably use it too, so do not get left behind, do not shy away from using tools even those created with AI.
The key is to know how to use them to your advantage and not replace your work.
Here’s a breakdown of some of the best tools out there:
Project Management:
Trello – Helps businesses create visual boards for project organization.
Asana – Helps teams delegate daily tasks and organize work.
Accounting:
QuickBooks – A detailed accounting software for small businesses.
Xero – Cloud-based account software perfect for businesses looking to grow.
Communication:
Slack – A collaboration tool designed for the workplace environment.
Zoom – The leading platform for video conferences and virtual meetings.
Marketing:
HubSpot – All-in-one marketing software and CRM platform.
MailChimp – An email marketing platform offering free and paid services.
2. Amazon’s Two Pizza Rule
Amazon’s CEO Jeff Bezos introduced this rule about a business meetings.
If you can’t feed all the people involved in the meeting with two pizzas, then the group is too large.
The reasoning behind this is that smaller groups of certain sizes will perform better and be more efficient than a large group of people.
By making sure that your business meeting groups are compact, you can expedite the decision process and allows more intimate space for individuals to voice their ideas leading to more effective brainstorming.
3. The ‘Golden Hour’ of Productivity
The Golden Hour refers to the specific time that an individual will be most productive.
Different people will have different golden hours, for someone it can be early in the morning, and for some, it can be in the middle of the night.
The key to this is for you to identify which hour is your golden hour.
You will know that it is your most productive time if you found yourself daily at this time of the day, become creative, filled with energy and the focus is at its peak.
It can’t be a random hour, it has to be almost an identical time every day, otherwise, it can just be a fluke or a sudden increase in motivation to do your job during that time.
Once you found this time, make sure to guard it and be mindful about this time. Position yourself to be able to work during this window without any distractions.
Your ‘Golden Hour’ will give you the best results if you put the work in.
Related: How to Design a Business Time Management Plan in 10 Steps
4. Reverse Engineer your Competitor
While it is important to find your path since we all have different traits and characteristics that will help us forge unique management of businesses, it can also be beneficial to learn from someone who has a successful business.
To learn from the mistakes of others or from their success, you have to adopt a mindset that you can always extract value from your competitors.
You have to remember not to copy them though, the key part here is to develop a new business strategy based on insights you can learn from others.
Understand what works for them and why.
For example, if you are trying to establish a new blog, you did your research and found your competitors of the same caliber or at least close to your small business.
The best way to reverse engineer their success is to look at their first publications and read how did they provide value to their target audience. Not what their topics are or their exact keywords.
You have to develop an analytical way of thinking that goes way beyond the surface of obvious observations.
Once you learn this business hack it will be a powerful tool for you and your new ideas as developing them will be second nature.
5. The ‘Eisenhower Box’ for Task Prioritization
Eisenhower Box is a business hack perfect for task prioritization.
It divided business tasks into four different categories based on their importance and urgency level.
An urgent and important task will have the highest priority that needs to be done immediately.
The next one is tasks that are as important but have a longer timeframe to be completed these are long-term goals for businesses.
The third one will be the tasks that must be done immediately but do not have the same impact on business success as the other two.
The last one has the lowest priorities of all the tasks, the not-important ones and not-urgent are usually just time wasters or an option to be done for the company.
These habits of delegation of tasks build a strong company culture and will be essential in the long run for businesses looking to scale.
Frequently Asked Questions
What is a business hack?
A business hack is a strategic shortcut or a new way of streamlining business operations. It often incorporates new developments that can save a small company of their time and attract more potential customers and increase revenue.
What’s your best market research hack for new entrepreneurs?
The best market research hack for new entrepreneurs is leveraging social media posts insight and Google Analytics. This is because the foundation that builds most online businesses in this era is Google search trends and social audience behaviors.
What are some growth hacks for startups?
Some of the growth hacks for startups are content marketing to showcase your high-quality content to the world, using social media to its fullest potential for driving traffic, and recognizing how much courage it will take to break away from the traditional way of businesses.
Final Thoughts
The business world is rapidly evolving, these business hacks are not only a shortcut but a new way of running your business.
As a business owner, you must be able to adapt and pivot toward new changes in the future and expect that creating fast results is the new norm of the industry.
Whether you are a seasoned entrepreneur or someone just starting, these business hacks are some of the best tips to achieve success in the world of business.
So, embrace them and watch your business thrive and grow.
As a professional web and software developer, the author possesses a strong foundational background in Computer Science. This equips him with both academic rigor and practical insights into the world of web-based entrepreneurship. As the founder of this platform, webpreneurships.com, he stands at the intersection of technology and business.