How to make your business efficient
Within the first 5 years, 60% of startups fail. Learn how to make your business efficient and succeed. With expert business advice for startups, receive tailored expertise in how to improve efficiency. For example, through business process improvement, which looks at the current state of a business’s operations and processes. This, together with a planned future state helps identify efficiency gains. For instance, reducing or eliminating duplication and waste, which helps make your business efficient.
Maximum Solutions Consulting Ltd provides business advice for startups in and around London. This is a tailored service, based on +20 years professional experience in business operations management. Most importantly, expertise in business process improvement, including the design and implementation of business processes. Read on to learn more about Maximum Solutions’ Business Improvement Consultant and how to make your business efficient.
Business Improvement Consultant
A Business Improvement Consultant, also known as a Business Advisor, provides professional business advice. This can include business advice for startups in specific areas like Finance, HR, Legal, Operations Management etc. For instance, how to make your business efficient through business process improvement.
From the get-go and regardless of the area of focus, a Business Improvement Consultant needs to demonstrate value and return on investment. Steve Wyatt, Business Improvement Consultant, has +20 years professional work experience from Financial Services, Education and the Consulting sectors. Most importantly, Steve is an expert in the design and implementation of business process improvement and service excellence.
In addition, Steve’s experience is backed up with relevant qualifications. For instance, Lean Six Sigma and Change Management professional qualifications. Visit the About and Business Advisory Services London pages for more details.
Steve’s primary goal as a Business Improvement Consultant is to help clients Develop, Improve, Grow and Succeed. He does this through the provision of business advice for startups. In addition, he also provides a business coaching service, depending on the clients specific requirements and needs.
Steve works with business owners, managers and teams to understand the current state of their startup business. For instance, this could include reviewing documentation and systems, observing staff and business processes. In addition, completing staff interviews to gain a full understanding of how things are currently working in order to determine solutions in how to make your business efficient. This, together with what you want to achieve and why (future state). In some instances, a client may not have a comprehensive idea, but that’s ok. The reviews, observations and interviews enable Steve to provide you with proposed solutions and recommendations on how to make your business efficient.
Business Advice for Startups – Before you get started
First and foremost, it’s important to be clear about what you want to achieve and why. This includes, understanding the current as is state and ideas you currently have about the future (the what), along with the reasons for change (the whys). This will help determine what business process improvement needs to happen and how to make your business efficient (the how).
Carefully consider the following questions:
- What is driving the need to make your business efficient? For example, resource, cost, risk, technology (manual inputs and workarounds) or something else?
- Why do you want to make business process improvements?
- What is the current business process, including all the steps, actions and people involved? Do you know every single step and resource and technology touch point?
- What are the pitfalls (and advantages) of making a business process improvement?
- Who are the key stakeholders in the process?
- Have you and will you, involve the key stakeholders? If not, why not? Staff who do the day-to-day work/tasks are best placed to make your business efficient because they’re closest to the current process.
- What are the cost and risk implications of making business process improvements and changes? For example, the impact on Business as Usual (BAU) whilst delivering a business process improvement project.
- Have you created a project plan, and do you know how to manage a project effectively?
- Have you created a Risk Register? This will help you keep track of the risks and opportunities, as well as provide tasks/actions to either eliminate, reduce, improve or control (ERIC) the risks
- Are there any lessons from previous/relevant projects, which you can learn from?
Business Advice for Startups – Free Tips Videos
Maximum Solutions Consulting’s YouTube Channel includes short business coaching and business advice for startups tips videos. For example, tips to make your business efficient, 5 tips to help startups, tips to reduce duplication and waste Part 1 and Part 2. In addition, coaching tips on how to communicate effectively and how to manage a project effectively.
Business Process Improvement – The Change Curve
There are a variety of tools and different ways to achieve business process improvement. It’s important to feel comfortable with change. Generally, people are resistant to change. Even the idea of change can generate worry and frustration. This can be unsettling, but the change curve is a useful tool. The change curve takes you through the different stages and feelings, which we all go through (during the change cycle). Certainly, some people reach acceptance faster than others. In addition, some people miss some stages and that’s also normal.
With the above in mind, it’s important to carefully plan a business process improvement. If you harness the knowledge of the change curve, you can help your business succeed. For example, by seeking stakeholder feedback and ideas, you gain valuable insight and demonstrate that you care. In turn, this can create positive buy-in and acceptance of change. With this in mind, a good Business Improvement Consultant will provide business advice on how to communicate change effectively. For instance, facilitating business process improvement workshops, which help communicate the benefits.
Business Process Improvement – How to Make your Business Efficient Tools
Map out the current business process, including all the steps and touch points. This involves all the stakeholders; both internal and external. For example, clients, suppliers and internal staff (whether that is only you as the business owner and/or employees as well). The purpose of this is to identify the necessary steps and actions. For instance, it will highlight any areas of duplication and waste. In addition, any workarounds or areas that are causing risk.
See the below tools to help make your business efficient:
- Mind Map, which is used to visually organise information.
- SIPOC (Supplier, Input, Process, Output, Customer), which is used to display the applicable components of a process.
- Swim Lane, which is used to identify the stakeholders involved in the process as well as the relevant steps.