Merchant Advance Blog

Blog Article: Day-to-Day Growth: Effective Processes Make a Difference

I came across this article today and by chance just after our office had finished a meeting on “processes”. Building processes and systems are painstaking and time consuming (as mentioned in the article) however once in place they make all the difference in the world. Employees are then armed with a complete understanding of task expectations, & able to complete projects timely and effectively without micro-management. I found this article short,sweet and effective. Have a read and rethink some ways to better your daily “processes”

Day-to-day growth hinges on ‘processes’

Flexibility and agility are key attributes for small businesses looking to establish a competitive foothold and to quickly make adjustments when faced with new challenges and opportunities.

But they also need to have structure and processes in place so they can run efficiently enough to support day-to-day operations and growth.

It may seem strange to have operational processes without major infrastructure or enough people to justify them. But without processes, the danger is that a small company will be run on the fly or by the seat of its pants, rather than having a well-defined way to conduct business.

Business processes not only provide a company and its employees with structure, they also make it easier and more productive to deal with customers, suppliers, partners and investors because there are prescribed ways of doing things. From personal experience, the creation of business processes has made it easier to market and sell services to potential customers because they can see how projects work, as well as the deliverables.

When a new customer comes on board, these processes provide transparency, they help to establish expectations and a healthy supplier-customer dynamic. They make it clear what’s going to happen and what customers will receive to meet their goals and needs.

Creating processes takes time and effort – it forces you to scrutinize how you do business and the steps involved. The upside is valuable insight and information about how to do business better or differently.

So how does a company start to create processes?

One approach is to divide a business into “buckets.” For example, they could be sales, different services or products, and customer service. The goal is to document how each part of the business unfolds in a granular way.

A key consideration is to not shy away from providing too many details. It is better to have too much information than not enough. If a process needs to be edited or shortened, the benefit is that it can force you to focus on the most important components.

Rather than looking at processes as being bureaucratic or something only for large companies to implement, small businesses should see them as pillars that support operations and growth.

Mark Evans – Globe and Mail – Aug 3, 2012

Vancouver Office | (604) 757-4602

1500 West Georgia Street, 20th Floor Vancouver, BC, V6G 2Z6 Canada

Toronto Office | (877) 370-8850

10350 Yonge St, Suite 101 Richmond Hill, ON, L4C 5K9 Canada

© 2017 Merchant Advance Capital Ltd. All Rights Reserved. Privacy Policy