Setting your objectives and key results as a business owner is one of the most imperative things that you can do for your company to be successful.
Although you may think of other things on your to-do list before setting your OKRs, – such as sales, marketing, finances, and customer relations – you end up taking into account this pivotal part of your business’ functioning.
Without setting your objectives and key results, you will fail – let’s see why using Profit.co OKR Software is so important to the future of your business and why task management is the difference between succeeding and failing as a new business in an industry!
First thing is first – what is OKRs?
Before we dive into the benefits of using task managers for business, we need to know – what are OKRs? Standing for objectives and key results, OKRs are the backbone of setting goals and finding out what you want to accomplish in your business. By setting both short and long term goals, you figure out the best way for your business to begin meeting your goals step by step. If you do not use OKRs, you will not be able to figure out how to get from Point A to Point B – OKRs are essentially the quickest way that businesses can organize their data to find out how to become more successful.
OKRs are composed of objectives and key results. Objectives are what the business wants to achieve in their processes – what goals do they want to accomplish in the short-term and what do they want to do in the long term? Where do they see themselves in 2 months and where do they see themselves in 5 years? The key result in the OKR formula is simply monitoring the progress of how they are mating their goals – by analyzing data and getting feedback, businesses can see how they are coming along with their pre-set goals process.
So how does task management come into play with OKRs? Task management has numerous benefits when it comes to using OKRs in a business.
- Boost productivity – The first benefit of using a task manager when setting OKRs is that you can increase the productivity for your entire business. Your employees will become more productive, and they will know what needs to be done when. If you have numerous goals that need to be achieved – but your employees do not know the priority level of each goal – then each one will be half done. Set the priority levels of each goal to help employees boost their daily productivity levels.
- Increase efficiency – The second benefit of using task management with OKR is to increase efficiency. Instead of doing a bunch of different projects at around 50% of your capacity, you can put all of your efforts into one project at 100% to increase the speed of competition and avoid any mistakes.
Conclusion
As you can see, using task management with your OKR is the only way you can increase your productivity in the workplace. Get everyone on the same page with short and long term goals to increase your business efficiency!