Estimated reading time: 2 minutes, 28 seconds

business processEvery business has processes whether it’s opening the door and turning on the lights every morning or managing a complex order fulfilment process. How you manage and optimize the processes that run your business can make the difference in your success in both your business and your personal life. Take a look at what goes on in your business with an eye to spotting things that could be done better, more easily, or in completely different ways. What you find may make big changes. Check these seven areas and start refining your business processes.


Set Goals
First and foremost, get the basics out of your way. Decide where you want your business to go and have clear, definite goals in your mind. Try not to go overboard on this or set unrealistic objectives. Instead, start steady and small, and the feeling of accomplishment will be enough to motivate your further.

Streamline
This might seem basic, but it always helps to start with the small things first. Streamlining improves the efficacy of your business process by rationalizing and eradicating steps that may be taking too much of your time and skill. Keeping a thorough check on your systems will help you to revise out-of-date processes get the desired perks. For instance, install apps that will take care of your basic tasks, and reduce effort in the most time consuming chores.

Observe Trends
Think outside your bubble and monitor your surroundings and all the ongoing activities in order to stay up to date. Keep an eye on what other businesses both in and out of your field are up to.

Evaluate Performance
Monitor what you do against your goals and track employee performance between performance reviews. Check what projects are generating the most returns and which employees and teams are responsible. Make this a process within itself and optimize it as you learn more.

Reduce Costs
Cost cutting isn’t the same as maximizing use. Look at processes like order processing and find ways to reduce spend on generating orders. Or better yet, let business automation take the matter off your hands.

Encourage Employees
No business flourishes without a dedicated team, and it’s on you to get the best out of them. Employees appreciate personal consideration and things that make a difference in their own lives. Work with your HR staff to develop incentives and perks based on the culture of your business.

Integrate B2B Communications
Extend your use of e-commerce to business-to-business communications. Electronic order processing is now standard in all large companies and it’s readily available to smaller operations as well. Once it is incorporated seamlessly, you can enjoy a number of benefits like increased sales, capital savings, enhanced cash flow, better customer service, and reduced inventory.

In addition to these useful steps, you can also invigorate your business process by outsourcing and consolidating software. All in all, incorporating these steps diligently is bound to make any business bloom rapidly. Last modified on Monday, 21 January 2019
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Scott Koegler

Bob Scott has been informing and entertaining the mid-market financial software community with his email newsletters for 10 years. And he has been covering this market through print publications for 18 years, first as technology editor of Accounting Today and then as the Editor of Accounting Technology from 1997 through 2009. He has covered the traditional tax and accounting profession during the same time and continues to address that as executive editor of the Progressive Accountant.

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