How does a messy cupboard look to you? Often a place where things are not arranged and you can’t find a dress ever when it is needed. But when you clean that cupboard, decide to organize the clothes, you find that dress you needed the other day for an occasion. That’s how organization works even in a business. An organized business helps you escalate growth ladder quicker and unorganized business doesn’t go a long way.

Here’s why any business needs to grow in an organized way.

1. Focus

When you have everything organized in your business it helps you focus on a particular aspect that needs to be worked on. For instance, you have a check on the inflow and outflow of cash and that’s when you realize that recovery is an area that needs your attention, so you divert your attention and begin working on creating a strong recovery strategy.

2. Productivity

With everything under check, you know how much or how less to spend where, what and how. This ensures increase in productivity and quality of work.

3. Time management

How much time should be spent on procuring resources or engaging in recovery? Does spending that much amount of time on those aspects of business is helpful or not? An organized business will always give you answers to these very important questions. Because time is money and we need to spend that wisely.

4. Reduces stress

When we say organized, by that we mean everything is compartmentalized. And when everything is compartmentalized and thoroughly checked from time to time, be it your inventory or capex or financial statements, everything culminates to reduce the last minute hassles and unnecessary financial stress.

5. Decision making

Maybe you need to liquidate certain assets or you need to stock up less, such minute details often go unnoticed in an unorganized business. But when you have a streamlined business, it helps you make these informed decisions.

6. Future ventures

After having settled down in one small business, you would like to try out some other venture. You would certainly utilize the surplus from the first industry and invest the same in the new venture. All this is possible only when the initial business was reaping profits. And profits come in when you are organized.

7. Positive image

With good quality of products and services you are most likely to retain your consumers and create a positive image for yourself and your company. This positive image will help you build your empire step by step. Investors will be happy to invest in your venture and the banks also will gladly lend you loans for your capitals.

8. Retain good employees

When you are doing wonders financially, this will not just lead to the growth of you and your company but your employees will also enjoy the fruits of this growth. This is to say that the employees who have been efficient and key in building your empire, you will be able to retain those. These employees will hardly ever meander to other companies for their growth because the growth of your company is promising.

These are some of the reasons why any business needs to grow in an organized manner. If you think that you need help with getting your business organized, then make sure to write to caswetamakwana@gmail.com

Author Bio

Qualification: CA in Practice
Company: Makwana Sweta & Associates
Location: Mumbai, Maharashtra, IN
Member Since: 20 Aug 2017 | Total Posts: 62
A qualified Chartered Accountant with over 4 years of rich experience in Company Law, Audits, Accounts & taxation. She is a writer at her own blog https://insights.caswetamakwana.com/. She is keen in streamlining business accounts of the Company and provide Startup consultancy. View Full Profile

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