In Business Everyone Wants To Know

 

Everyone wants to know how to make money so it is no surprise that a financial roadmap is on the list of fourteen ways to create a successful company.

 

You need to think of business processes as a way of creating measurable, repeatable and predictable habits you can teach others. The concept is simple the impact is profound.


 

An important attribute is the creation of a financial roadmap and budget--and then having the discipline to follow it. A financial plan reminds owners where and how to spend money, and it provides ways to measure progress or shortfalls. A sound financial plan is the cornerstone of a great business plan.

 

 

Another frequently credited attribute of success is the streamlining of business processes. We call this "creating predictability." Unfortunately, this is probably the least understood task a small-business owner can take or accomplish. Business processes are how things are done within a business. Every company has some processes; some are clearly defined, others are implicit. The intention here is to increase productivity and reduce costs while generating the same (or better) outcomes.

 

Successful businesses understand the need to continuously improve their business processes: to become more efficient and productive, and to respond to market changes faster while providing better service to customers.

 

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