Updated: May 6, 2022
BAD IDEA FOR YOUR SAAS BUSINESS!
Investing in resource allocation is extremely valuable for every business. So what on earth is it?! In short, it is the processes by which companies manage and assign their various resources to the areas where they can be utilized to the max. If done correctly, this will help to reduce project costs significantly and help to achieve the best outcomes for the business within existing resource constraints.
"6 out of 10 scaling business leaders have faced a moment of crisis."
Almost all scaling businesses will experience the growing pains associated with expanding resources. What’s more, according to the Retail Times, 6 out of 10 leaders of scaling businesses say they have faced a moment of crisis, commonly surrounding hiring the right staff, and edging competitors. It is crucial to adopt the right resource allocation practices that will facilitate this growth and ensure happy customers and employees alike going forward. If not, you will have a hard time knowing the resources you have available. This runs the risk of resources being spread too thinly on projects, resulting in a shortage of staff and equipment. This is not the impression you want to give customers is it?!
DRESSING FOR GROWTH
Ever heard of dressing for the job you want, not the one you have? Well, setting aside the emphasis on what pants and socks you wear each day to work, the point still stands that you, as a business, should place the utmost importance on assessing where you want to be rather than where you are now. Let's apply this analogy to the topic at hand. An effective resource allocation tool does not just come into play overnight, and by the morning you’re into the full swing of things. Oh if it were that easy!
With the correct system in place, and your whole team adopting a proactive approach, you’re definitely ‘dressing' for the growth you want, and you'll be on the right path to success!
How are you going to manage ever-increasing resources as you continue to grow, but keep the same processes you’ve had since day one, all while keeping your customers happy? The simple answer is, you can’t. That's why an efficient resource allocation tool is vital, in order to scale your business as seamlessly as possible and meet growing customer demands.
The digital age is well underway, and its sink or swim for companies who are unsure about the importance of tech surrounding their day-to-day operations. Growing companies can no longer rely on spreadsheets to save the day. You need a powerful tool that automates a high volume of admin tasks so you can do what you do best, provide the best service to your customers.
HIRE THE RIGHT PEOPLE AT THE RIGHT TIME
In the great resignation, talent acquisition and retention are critical to scaling a SAAS company and therefore your people are your most valuable asset. Ensuring you are bringing in the perfect employees with the skills needed to encourage growth is critical. Would you hire a local mailman to hand-deliver a package overseas, or a hairdresser, armed with a pair of scissors, to mow a lawn? Of course not! Without the tools in place to complete their tasks, or the correct skillset, any new employee coming in will find it extremely difficult to make a positive impact on the business, and will unlikely bring the company any real value.
GOOD RESOURCE ALLOCATION LAYS THE GROUNDWORK FOR SUCCESS
Simply put, resource allocation done right provides stability across the business. From ensuring employees have the right equipment to effectively do their job, to giving customers the time required so they don’t leave. The harsh reality is if you begin to slip without any real resource allocation tools in place, customers will want to jump ship as soon as they feel they aren’t getting the value you promised them.
Getting away from that glass half-full perspective, enhancing processes and enabling people through technology to better mobilize your teams to serve customers will help drive retention and growth. Isn’t it worth trying?
TRY PRECURSIVE TODAY
If you’ve made it this far, you’ve no doubt heard the compelling argument for the benefits of an efficient resource management system, and are now scrambling to find a tool that does that very thing. ‘Where can I find such a tool like that?!’ I hear you cry. With Precursive of course!
With our all new Mass Resource Allocation tool, we simplify the assignment process and provide user-friendly navigation between demand and the resource pool. Requests can now be assigned to resources at the click of a button, and our new filter options allow you to refine searches and save you hours of tedious admin time.
What are you waiting for? Book a demo with us today to revolutionize your resource allocation process and journey with us to the outcomes era.