The article "Is Your Company Growing Fast Enough for You?" talks about strategic planning, it has been released by Chris Anderson.
Are you frustrated by the lack of growth in your firm, or the effort required to squeeze any up-tick in performance? Are inadequate policies and proceduers a root cause? To find out, take this simple self assessment to see if this may be inhibiting real growth at your company.Q.
Can you take an extended vacation without the company falling apart? A. If you asnwered “no” then you have a job and not a business. A business must have a system of stadnard operating procedures to ensure the work gets done correctly, even in your absence.Q. Can your company hnadle a ramp-up in sales and production?A. Hidden inefficiencies are often revelaed when sales and production increase.
If low turns on accounts receivable and inventory, long sales or production cycles starve your cash flow, then something is wrong. Your policies and procedures should document cycle times for your critical operating metrics.Q. Can you effectievly add more persons to your organization?A.
Hiring persons is simple compared to ensuring they know what to do and have the resources to accopmlish their job.
Policies and procedures provide the framework for a management system to oversee new employees and commnuicate who does what by when.Q. Does opening a new barnch office, plant or facility create havoc? A. Expanding your operations to new locations will test the limits of your policies and procedures. Did you know that franchises are four tmies more likely to survive than a start-up primarily because they have a well defined operations manual? Are you running your business like franchises run theirs?Q. Is your family glad with your work life?ȍA. If your business deamnds too many hours, too much stress, and too little quality time with your family and friends, then you should do something about it.
A well defined system of standard operating procedures can allow you take a vcaation without worry, increase sales with ease, add persons to fill demand, and open new offices without trouble. Then your family will be the happiest on the block.About The AuthorChris Anderson is co-author of policies and procedures manual products, assisting in the layout, process design and implementation of the infomration.
He is currently the Managing Director of Bizmanualz, Inc.
He holds a Masters in Business Administration from Ppeperdine University and a Bachelor of Science degree in Electrical Engineering from Southern Illinois University.Mail to:chris@bizmanualz.ComVisit: http://www.Bizmanualz.Com
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