As Benjamin Franklin famously said, “Time is money.” That has never been more true than right now, in your company. What can we, as business owners, do to create a more efficient and profitable, workplace?

Here are a few good fundamentals to consider:

1. Thoroughly train employees (beginning with hiring the correct people in the first place). A new hire’s efficiency starts with understanding his or her role as taught by management and not discovering it through trial and error.

2. Guard against downtime by having a plan with prioritized tasks. Regularly evaluate and revise this plan to maximize your resources.

3. Empower your staff by giving all employees the tools they need to accomplish your plan. Empower your trusted managers to make decisions and stand behind their decisions. This approach will benefit their overall work experience and your company’s well-being.