episode A4.010 Identifying Performance Gaps Requiring New Investment

RESULTS RADIO..."Let's Grow Together

Introduction
We are now in 120 countries world-wide and part of our listener base, all within our first 2 seasons or 5 months of broadcasting. Entrepreneurs and owners in 62% of the global business community are tuning in daily - thank you.​

There are three more weeks of shows left - 010 through 012 before Season 3 starts and everyone is excited about our hard launch on October 5th from the Kilo Market (Australia, New Zealand, Singapore, Philippines, Taiwan, Hong Kong, and surrounding areas). 
​
There are several ways you can interact with the station and our OnAir Hosts:

• Pulsating ? on every page. It is a direct link to the Host and they will respond to your question during the show;
• Hit us up on social media - Facebook, Instagram, LinkedIn, and Twitter. Our handle is ibgrnetwork;
• JOIN our Community of Commerce and become an insider with direct access to our Hosts and support materials discussed on the show. ​

​JOIN our Community and Let’s Grow Together!
​
Show Objectives - The Why
We are now in the beginning stages of 'hockey stick' growth. You have built a cause and effect model (spreadsheet) showing the relationship between marketing & sales, sales & production/delivery, production/delivery & cash flow. You then created several different scenarios to indicate how much was possible as is, what constraints existing to keep you maximizing the businesses potential over a desired time frame.

Next and the focus of this show is to identify how many of those constraints can fixed without investment, which will require investment, and the impact of the available budget for investment.
​
Key Issues - Owner/Manager Perspective:

1. Identification of Constraints to Growth
2. Activities required to eliminate/mitigate constraints
3. Amount of time required to eliminate/mitigate
4. Total investment required to eliminate/mitigate

What You Need to Know - The What​​​

• ​EPISODE A3.010 SCENARIO PLANNING FOR STAGE IV GROWTH PLAN
• EPISODE E3.003 CREATING A COMMON PROBLEM SOLVING - DECISION MAKING MODEL

What You Need to Do​​ - The How

1. Identify the root cause of the #1 Constraint
   1. 5 M's: methods, machine, material, management, manpower
2. Make the improvements to eliminate/mitigate the constraint.
3. What is the impact on other elements in the process?
4. If still an issue, what investments are required?
5. Finalize by updating the Value/Process map, SOP, and Position Description.
6. Tackle the #2 Constraint.

Shows

• Previous: EPISODE A4.009 MONITORING PROGRESS ON MBO
• Next: EPISODE A4.011 Monitoring and Expanding Credit Availability