How Small Businesses Misjudge the Cost of Inefficiency - New York Weekly

How Small Businesses Misjudge the Cost of Inefficiency - New York Weekly

Inefficiency ranks among the most costly challenges for small businesses, yet it often goes unnoticed. Research from IDC shows that companies lose 20–30% of revenue each year due to unproductive processes and misaligned operations. While attention often falls on visible costs like rent, payroll, and inventory, time drains and workflow bottlenecks steadily cut into margins and stall growth. Unnecessary delays in HR, repetitive payroll routines, d…