PROFIT RADIO..."Let's Grow Together"
Today I am wearing my O Hat - Operations or "Get It Done". That means I building the infrastructure to not only make or deliver what we sell but also all of the back office systems required to a properly functioning business. Operations doesn't directly impact revenue, it's impact is on PROFIT.
The second issue is the Stage of Growth. We are at Stage IV where the concern is taking our operational abilities to the next level - how flexible are in meeting any predictable and unpredictable demands? The more we can interchange people, equipment, and materials, the more efficient we are and the better the margin.
Last thought before we start, I want to invite you to my new group on our Community of Commerce - Living the Life . If you are a serial entrepreneur and looking to discuss how to build a business that runs itself so you can start running multiple businesses - this is the right spot.
Objectives - The WHY
This starts and ends as a mindset. The application of tools is easy if you make everything small, quick to complete, and simple to do. That sounds simple but as the business grows and becomes more sophisticated, this mindset is lost. You will be challenge to maintain this view of the business during the fast growth of Stage IV.
Key Issues - Owner Perspective:
What You Need to Know - The WHAT
What You Need to Do - The HOW
The purpose of this show was to detail how to create a flexible operation - both for variable production (customer driven) and fixed (support of customer based production).
Make sure you leave some thoughts in the comment section below. I am interested in continuing the conversation.
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All IBGR Shows Notes are available for download