As a local business, you know that it’s crucial to have systems in place to create stability and growth. But what are those systems? And how do you put them into place? In this video blog, we will discuss every business’s seven essential processes for stability and growth. These processes are critical for success, no matter how big or small your company is.
We’ll expose them together right after this. Stay tuned!
In this video blog, we will discuss the seven essential processes that every business needs for stability and growth, no matter how big or small your company is.
These processes are critical for success.
I’m Doug Barra. For the past 16 years, I’ve been privileged to work with the most courageous people I’ve ever known, local business owners like you. You work tirelessly to accomplish two things: first, to build a great life for yourself, your family, your employees, and your customers, and second, to make a profound and lasting contribution to the world around you. I am committed to ensuring that your efforts are rewarded with the time, money, and freedom that you went into business for in the first place.
One of the best ways to get there is to put systems into place that will create stability and growth in your business. But what are those systems and how do you put them into place?
Let’s discuss the seven essential processes that every business needs for stability and growth, no matter how big or small your company is, these processes are critical for success.
We’ll start with product development. This is the process of creating new products or services to meet your customer’s needs. It’s essential to have a system in place for product development so that you can bring new products and services to market quickly and efficiently.
Next is product delivery. This is the process of getting your products and services into the hands of your customers. An efficient product delivery system will ensure that your customers receive your products and services on time and as promised.
Customer service is the next essential process. This is the process of responding to customer inquiries and complaints. Again, it’s vital to have a system in place for customer service so that you can resolve issues quickly and efficiently.
The fourth essential process is marketing. This is the process of promoting your products and services to potential customers. An effective marketing system will generate leads and sales for your business.
The fifth essential process is accounting in the process of tracking and reporting financial transactions. An effective accounting system will provide accurate financial information to make sound business decisions. Remember, the scoreboard for your business is your accounting numbers. It’s the only way, you know if you’re being effective or not.
The sixth essential process is human resources. This is the process of managing your employees. Once again, it’s critical to have a system in place for human resources so that you can attract, retain and motivate top talent.
The seventh and final essential process is basic operations. This is the process of keeping your business running on a day-to-day basis. An effective operational system will ensure that your business is efficient and organized.
These are the seven essential processes that every business needs for stability and growth. No matter how big or small your company is, these processes are critical for success.
If you don’t have systems for each of these processes, now is the time to implement them. Your business will thank you for it!
I wanna know your thoughts. If you’ve got any questions or stories about the basic required processes in your local business, please share them in a comment.
Would you like to learn more about business processes or other topics regarding business success?
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I’m Doug Barra, and I’m passionate about helping small businesses succeed. Thank you for watching. I’ll see you in our next video.