Thursday, 17 March 2011

Systemise your business to grow it

One of the key changes you need to make to grow your business beyond you is to systemise it.

This will not only make it easier to find, recruit and manage staff it will make your business more valuable. m The value of a business depends on its growth prospects, profitability, cash conversion and the degree to which that future cash flow is at risk

One of the main risks for small businesses is their reliance upon key personnel, particularly the owner, who know and do things that no-one else knows or can do.  This risk is present even if you have no plans to sell the business. If you the owner or one of your key staff are unable to work for an extended period what happens to your business?

Systemisation is the process by which the processes of the business are documented and standardised and reliance on any one individual is removed.  This process also makes a business scalable; the processes can be replicated, additional staff can be selected and trained and the business can grow beyond the constraints of any one person

Find out more at this seminar "The Owners' Trap", which will explain how this and other changes should be implemented to help you to take your business on to the next level..

Learn how to raise your game by visiting my website.

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