Improving your Business: Six Words That Make your Business Less Profitable Than it Could be
Description:
We've all heard it at least a hundred time and most of us have uttered these words at least once in our business careers. Learn what six words you're saying or hearing that are keeping your business less profitable than it could be.
Content:
We've all heard it at least a hundred times and most of us have said it at least once, "We've Always Done It This Way". It's a phenomenon that exists in businesses of all sizes. It's prevalent in government and large businesses and people call it red tape. It's prevalent in medium and small business too and it's what sets apart a 'great' business from a 'mediocre' business.
We've always done it this way is a pathetic answer to the question "Why do we do things the way we do?" Someone, could be an employee or could be a customer, complains about something or expresses dissatisfaction with their experience:
- "why do you have to do it that way?"
- "why can't you just....fill in the blank?"
- "this is taking too long, there must be another way",
- "why do you have to do this three times before it works?"
There is obviously a recurring problem and no one wants to fix it or knows why it should be fixed until it's almost too late.
When the pain to change is less than the pain to solve the problem, people will choose change.
For a business to be great, they have to embrace change and always seek the better way to do business. If you want an excellent business, and you're aware of flaws in your business, the answer "We've always done it this way" just won't cut it anymore. It's time to find new and better ways to do things.
Most businesses will wait until it's almost too late to fix things. Many close up shop because they feel they can't compete any longer. They feel there's no point in continuing with their business since it's not providing them with enough value (money) to keep their doors open. At that point it's almost too late, almost.
It's time for a full scale business audit and time to answer some serious questions like:
- Who are we?
- What do we do best?
- What are our core competencies?
- How do we get things done?
- Why do we do things the way we do?
- Where can we improve?
- What can we outsource?
- Where do we make the most profit?
- Where do we lose the most time, money, profit?
- What do our customers care about most?
- Why do they keep choosing us?
- Where do we add the most value?
Once you've mapped out your business and have answered the questions above, it's time to make a plan to change. You'll now really know, understand and accept why you have to change and then with the right support, you'll be able figure out how.
Usually it's best to hire an outsider, like a business solutions expert or a business operations consultant to help you see what you've trained yourself to ignore for years.
An Operations Expert, can help you. It's time for a change - stop saying 'we've always done it this way' and start saying 'we're constantly improving the way we do things because it makes our business better!'
Your results will be dramatically different!
Author: David Balaban
About Author:
David Balaban is a proven operations expert who's passion is helping
small to medium sized businesses achieve Operational Excellence. David is the
Chief Solutions Officer for OPEXCanada.com,
a business & profit improvement solutions firm in Toronto, Ontario who's
main philosophy is "No Excuses...Just Results." OPEX is responsible
for helping companies improve profit, reduce operating expenses, improve business
processes, streamline operations, and create systems that support sustainable
competitive advantages. Using a non-traditional, organic approach to business
building, OPEX can help any organization achieve operational excellence through
strategic planning, guidance and support.
Cost Reduction/Profit Improvement
Report: To learn how to save your company thousands of dollars a year, in
as little as one day, click here to gain access to this special report today
- http://www.opexcanada/costreductionreport
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