Managing the day-to-day affairs of any business is not a simple task. On any given day there are so many things going on that at times we wonder whether we can manage it all. And this is where business systems and processes come in!
Business systems, processes and procedures are your company’s internal “This Is How We Do Things ‘Round Here” guides. You can create a system or process/procedure for just about anything you do in your business. But why would you do it?
One of the obvious reasons is that systems make things more organized. But can implementing these systems and processes make a difference to your business bottom line? Here are 3 ways in which implementing a variety of business systems and processes can help you boost your business profits:
- Published in Business Systems
Anyone in business, whether you are just starting out or have been running your own company for a while, must have at some point pondered this question: What does it take to succeed in business? Is it the industry knowledge? Or delivering superb products or services? Or perhaps some innovative marketing techniques?
Certainly these are important, yet research by the Carnegie Institute of Technology shows that only 15 percent of our success can be attributed to technical knowledge.
- Published in Success Secrets
Ok, so you want your company to grow. Great! What do you need? How about a plan on how to get there. And the first step in any strategic business planning process is creation of a business vision.
What is a business vision?
Most businesses have some sort of a vision statement somewhere in a file or on their website. Yet, unfortunately, these vision statements rarely lead to growth or success for the company.
Your business vision is your idea of what your business will look like after certain transformations take place. It is energizing, enlivening. It pulls you forward. It is based on “want to” as opposed to “should” or “have to” energy.
A good business vision will not only deliver on your financial goals, but will also align with your values, your life outside of work, and be inspiring and motivating so you can accomplish your goals with ease and overwhelm free. Your vision will be compelling and powerful. It will help you stay the course, even when in the moment things don’t seem to be going as planned.
- Published in Strategic Business Planning