Is your company the best it can be? Is it fulfilling it's potential in all areas? If so congratulations, you have done the impossible! You have maximized performance in every single area of your company. You must be rolling in profits! But for most of us increasing the performance of each section of our business is an ongoing process. It's something that can always be refined and improved. But it can be done, read on to find out how.
Identify Strengths & Weaknesses
The first thing that it is necessary to do when looking to improve your company is to identify where change needs to happen. This can be very obvious when something is totally not working. Or it can be more complicated, especially if you have detailed processes and structures within your business. As each stage may need to be looked at individually.
Although you can save yourself a lot of time and hassle with this task by using business intelligence software that analyses the data from your company and tells you quickly what is and isn't working well.
There are a lot of programs that do this on the market, and it can help to look at the comparisons of the mains ones like this Qlikview vs Tableau report, to see which would suit the categories that your businesses need to compare the best. Then you can guarantee that you are looking at the right areas that will afford the best improvement in your company.
Decide On Goals
Next, once you have established areas of weakness that need improving, you need to work out how you would like to make them better.
This involves setting up a goal or goals for improvement. This is a general direction in which you would like to move. So it could be something like improving sales, shortening production time, or reducing the build cost of your product.
Break it down into action steps
Once you have the general aims that you are working to achieve, you will need to break this down into specific tasks.
Let's take the goal of making the production time quicker as an example. To do this, you will need to look at both the manned and automated sections of the process and see if they can be improved.
You also need to look at the connection points in the process to see if they are being done in the most effective way. As well as each individual processes itself to see whether they are outdated and can be made quicker.
Implement Steps
Then once you have worked out exactly how to improve the element that you are working on, you need to implement these changes.
To do this, first, trial them out. Then write a work process flow, so everyone will know exactly what to do from now on.
Review Steps & Overall Goal
Lastly, you need to evaluate the changes you have made to check that they have the desired effect.
That means again checking the data to see whether there has been any improvement. As well as making any adjustments needed to further improve things.
I hope you enjoyed this article about areas where your small business can improve its processes.
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Published by Michael J Schiemer
Owner of Bootstrap Business
Money - Marketing - Motivation
Digital Marketing | SEO | Social Media
Mike Schiemer Builds Better Business
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