Drowning in Emails could be a Nightmare
Previous Post
The Difference between Management and Leadership
Next Post
What to do when an Employee makes a Mistake

Drowning in Emails could be a Nightmare

Are you drowning in a sea of emails and phone calls, struggling to maintain control of your workday? You’re not alone. Many professionals grapple with the relentless influx of messages vying for their attention. Fortunately, there’s a solution that doesn’t involve simply hiring more staff to manage your inbox. It’s all about effectively managing traffic flow and harnessing the power of the 80/20 rule. 

Identifying the 80/20 Rule 

The 80/20 rule, also known as the Pareto Principle, suggests that roughly 80% of outcomes result from 20% of causes. In the context of managing emails and calls, this principle can be a game-changer. 

Consider this: More often than not, 80% of the communications you receive fall into the category of low-level traffic. These are inquiries, questions, or requests that can be efficiently handled by a member of your team. Imagine if this low-level traffic could be redirected to the right person from the outset, sparing you the need to address it personally. 

Drowning in Emails could be a Nightmare

The Cost of High-Level Resources 

As a business owner or Senior Client Manager, your time is a precious and expensive resource. When you find yourself mired in low-level inquiries, you’re effectively diverting your high-cost resource away from tasks that truly require your expertise. It’s not an ideal situation for your business or your productivity. 

Streamlining Traffic Flow 

Where many firms stumble is by making the partner the initial contact point for clients. This means that everything flows through them before being delegated to the team. Instead, consider implementing a deep and narrow ideal team structure. 

In this structure, all incoming traffic, whether it’s emails or phone calls, first passes through your Senior Client Manager. This manager serves as the gatekeeper, assessing the nature of each communication and directing it to the appropriate team member. By doing this, you effectively remove 80% of low-level traffic from your plate. 

Benefits of Effective Traffic Flow Management 

Implementing this strategy offers two significant advantages: 

  • Cost Efficiency: By redirecting low-level inquiries to lower-cost team members, you optimize your resource allocation. It makes financial sense to have tasks handled by those with appropriate skill sets. 
  • Revenue Generation: When you’re free from the burden of low-level traffic, you can focus your attention on high-level inquiries. This means you can bill your clients at your charge rate for addressing these critical matters, ultimately boosting your revenue. 

The Path to Reduced Workload and Business Growth 

In conclusion, setting up an ideal team structure and efficiently managing traffic flow can be a game-changer for your productivity and profitability. By adhering to the 80/20 rule, you delegate low-level tasks to appropriate team members, freeing you to focus on high-level matters and business growth. 

Don’t let email overwhelm control your day. Take charge of your traffic flow, streamline your communication channels, and watch as your workload becomes more manageable, and your business thrives. 

________________
PS: Whenever you’re ready… here are the fastest 3 ways we can help you transform your accounting/bookkeeping practice:  

1.  Join 40,000+ subscribers to our transformation Friday tips – Every Friday, our Wize Mentor and Thought Leader of the Year, Ed Chan will send one actionable insight from his experience of building a $20 million accounting firm that still runs without him – Subscribe here 

2. Download one of our famous Wize Accountants Growth Playbooks – Our FREE Playbooks on how to build and scale your firm are more valuable than most PAID business coaching programs! See for yourself – Download here

3. Join the waiting list for a free login to the world’s best accounting business intelligence software for scaling your firm. Take a look at the app we use to build our own $10million firm in just 7-hours a week – Get a FREE login here