9/8/2021 Tip: Your Current Business Processes | Growthink

9/8/2021 Tip: Your Current Business Processes

Today’s Quote

“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”
~ Winston Churchill

 

Today’s Tip

Yesterday I told you about the 4 benefits of building systems.

The first step in building a system is to look at your current business processes.

Specifically, in developing your business systems, you should first look at the key tasks and processes your company performs on a daily basis.

For example, if you operate a laundry business, your business processes will include cleaning the laundry machines, managing customer drop-off orders, sweeping the floors, paying the bills, ordering supplies, etc.

Next, assess each of these processes to figure out which ones to focus on systematizing first. For example, figure out which processes, if improved, could most improve customer satisfaction, revenues and/or profits.

 

Today’s Resource

How to Build a $10 Million+ Company

What’s the difference between successful multi-millionaire entrepreneurs and the typical small business owner just struggling to get by?

Well, there are a LOT of differences, actually…

But I’ve summarized the main differences on this page:

How to Build a $10 Million+ Company <—- 

The really interesting part is that you don’t have to work yourself to death to grow a wildly successful, eight-figure business…

In fact, when you follow this formula, you can make much more by working less…

How to Build a $10 Million+ Company <—- 

 

Trivia

Today’s Question: What is the key feature of Amazon’s technology service that takes its name from a chess playing automation of the 18th century?

Previous Question: What present-day tradition, that is a favorite among most companies’ employees, originated in the U.S. Navy in the 1920s where it was a slang term for a scheduled entertainment period?

Previous Answer: Happy Hour.

“Happy hour” entered civilian use around 1960, growing in popularity after

a Saturday Evening Post article in 1959. Happy hour has become a cherished tradition for many workers—white and blue collar alike.
 

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