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- Herausgeber: JNR Publishing
- Kategorie: Fachliteratur
- Sprache: Englisch
It is a well-understood axiom of the business world that there are two ways to improve the bottom
line of any business. To make money or to cut costs. Better yet, BOTH!
When a business turns its eye to cost cutting, the business owners will discover significant
bleeding of revenues that are going on within the business. So if those systems can be improved to
eliminate that waste, while retaining the same, or even improving quality of output, the business
would literally make money from the inside out!
This book is all about tweaking, optimizing the many different processes and components in any
business operation. Just by applying some techniques you'll learn from this guide will easily
translate to a lot of money for you-guaranteed! It doesnt matter what industry you're in, the
principles contained here WILL WORK!
In fact, how can you survive if you're bleeding money from unnecessary expenses, from redundant and
inefficient business processes?
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TABLE OF CONTENTS
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Introduction
Systematize The Key Areas Of Business
Eliminating Distractions
Business Plans
Updating Business Plans
Business Process Management
The Future Of Bpm
The Business Process Management Ideals
Tweaking Human Workflows
In Summary:
Discern How Your Business Operates
Prepare A Roadmap
Think Big, Act Small
Involve All Your Stakeholders
Choose The Tools That Best Suits Your Needs
Use Professional Services When Necessary
Identification
Rethink
Automations
Plan Design
Making A Strategy Flow Map
Cost Reduction Potential
It Options To Help With The Issue
Bpms Implementation Expected Advantages
Enterprise Automations
Benefits Of Automation
Mlm Automation Example
Ebay.Com Automation Example
Cost-Benefit Analysis
Leveraging The Internet In Your Business
Incorporating Offline And Online Marketing For Success
A Shrinking World
Virtual Establishments
Knowledge Management Systems
Online Training
Business Process Outsourcing (Bpo)
About Tracking
Tracking Websites
Examples Of Other Metrics
Theory Of Constraints
Mindsets Training
Attitudes Defined
Customer Relationship Management (Crm) Practices
Lean Production Systems
Idea Management
Mind Mapping
How Do You Mind Map?
Corporate Time Management
Das E-Book können Sie in Legimi-Apps oder einer beliebigen App lesen, die das folgende Format unterstützen:
Seitenzahl: 61
Veröffentlichungsjahr: 2016
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The Quick Business Optimizations Handbook
Explode your income, Plug the leaks in record time!!
By Aiden J. Sisko
No part of this book may be reproduced or transmitted in any form whatsoever, electronic, or mechanical, including photocopying, recording, or by any informational storage or retrieval system without express permission from the author.
Copyright © 2014 JNR Publishing Group
All rights reserved.
INTRODUCTION
It is a well-understood axiom of the business world that there are two ways to improve the bottom line of the business. To make money or to cut costs.
When a business turns its eye to cost cutting, the business owners will discover significant bleeding of revenues that are going on within the business. So if those systems can be improved to eliminate that waste, the business would literally make money from the inside out because the overhead of the business would drop.
The methodology of finding these “money pits” within a business is often called “Process Improvement.” The concept of process improvement is to diagram a particular business process from inception to completion and document the stages it goes through, to pin point places where inefficient methods are causing excessive cost in executing that process en route to the final stage of process completion.
The areas most often identified as being candidates for a process improvement are…
Excessive overhead between departments
This excessive overhead can be costly at the department level and bog down the business enough to actually reduce the profitability of the organization.
Communication problems
A business process moves through the organization as each department or entity adds value to the process through to the completion of the jobs. However if communications between departments or people along the process chains are flawed, a process can grind to a halt and wait for hours if not days before the missed communication is discovered and the work is put into the cycle to be completed. To correct the problem, modern tools of communication should be reviewed so each significant person along the chain is quickly made aware of work that needs to be done and can signal to the next agent that their step is complete and that the process is moving to the next stage.
An inefficient IT infrastructure
Out of date computer programs that are not integrated with each other cause needless work to be done to take data from one system and moving it into the next program only to be entered again at the next stop along the chain.
By streamlining the process of moving a business requirement from inception to conclusion, we can remove much of the inefficiency and waste that has become inherent to that process.
A few more tips
- Cut the Slackers: Carrying dead-weight employees? Lose them now! Not only will they not add value to your bottom line, they’ll drag other ‘productive’ workers to their level.
- Cut the Time: Put tight and exact deadlines on important tasks, and your staff will become more productive and minimize artificially delaying their submissions because they think they have ample time.
- Cut the Expenses: Plug all the holes in your cash flow! Make a list of all general expenses in your business. Next to each one, write one of the following: Need it, Review it, Cut it. Work down the list first on the expenses to ‘Cut’. This will create immediate savings. Then have them ‘Review’ the expenses you need, but perhaps could get a better deal on. ‘Trimming the fat’ every 6 months can also help you create more profit.
- Target Different Tasks: Look at the type of work you’re targeting. Is it worth targeting a different type or value of work instead? Most businesses just do what they’ve always done rather than looking for more profitable types of revenue but costs less man hours and other resources to finish.
- Motivate Staff, Offer Incentives: Just because you are excited about your business doesn’t mean the staff is. Your mind is on the bottom line, whereas staff thinks of their pay, and they get paid whether they perform or not. Motivate staff with performance incentives to improve their productivity.
- Hire multi-skilled workers: Enlarge your skill base without the cost! It’s better to have a designer/developer, than 1 designer AND 1 developer. Multi-skilled workers, by nature are generally more productive overall than single skilled workers too, because they are able to see more pieces of the puzzle so to speak.
- Clean your Digital Files: Make it easy to find information! Searching hard drives and servers for information can waste a lot of productivity time. Have your people organize files logically into client folders, archive or remove old files.
- Prioritize Your 20%’ers: Do the important things first! Most people procrastinate on the 20% of the tasks that create 80% of the revenue. At the end of each day, make a list for the next day. If you have 25 tasks, list the 5 most important revenue generating tasks (the 20%’ers), then list the 5 most urgent tasks. By working through the 20% items first, you’re working ‘on’ the business (growth), rather than ‘in’ the business (maintenance).
- Review your Services: Every few months or so you should review your external services on your payroll with this question in mind: “Are they helping or hindering my business?”
- Systemize your Processes: How can I do it easier, faster, and cheaper? As a matter of habit, always look for ways to systemize processes. Almost every process in your business can be creatively systemized or tweaked.
- Don’t be afraid to outsource: Every regular staff member not only costs a salary, but also a chair, a desk, a computer, power, health insurance etc. Not so when you hire freelancers, because you are only paying for the direct output or results, no miscellaneous expenses!
- Learn to Delegate: If you are a manager, you should be spending at least 80% of your time working on growing, systemizing, trimming, and strategic planning and not the menial tasks that should be delegated. Are you spending too much time micro-managing?
Systematize the key areas of business
Focus on setting up systems in the area of administration, finance, contact management, marketing, product and sales.
Administration: Administrative tasks can be time-consuming. The solution is to keep it all short and simple, and focus only on managing messages and organizing tasks by priority. Set everything else you have to do on your task list.
Make a list of all the things you now do and how long it takes. If it takes you an hour, find ways to progressively reduce the time
- Finances: You may not be thrilled at the idea of spending time figuring out how much money is coming into your business and how much is flowing out. But, if you set things up right, you can minimize the time you spend on it. You only need accounting software or better yet have someone take care of it for you.
- Contact Management: Your contact list will lead to more business. You need to surround yourself with high value/high yield people who can help you get referrals or create fortuitous events.
