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Three Ways to Transform Your Business

Are you a self proclaimed control freak? Do you find it easier to do it yourself rather than delegate the task? I am going to share with you three tips today that will transform your business and help you loosen that control while maintaining the outcome you want. First, let’s talk business process management or bpm for short. Business Process Management is the discipline in which people use various methods to discover, model, analyze, measure, improve, and automate business processes. There are three main business processes that every business should have in place. The first is planning and budgeting. The second is assigning and executing. And the third is testing and measuring. Let's talk about planning and budgeting first. When businesses carry out new ideas and strategies without planning and budgeting they often fail. Budgeting is the process of understanding the overall cost of a project before you get started. The cost to carry it through to completion. To produce it. To execute it. Calculating the expected return on investment, the cashflow, and project whether or not you can actually afford those overall costs. Then there is planning. You will want to consider the timeline to implement. How long is it actually going to take and do you have enough resources and runway to make it successful? Assigning and executing is the second part of Business Process Management. It may be easy to fall into the mindset of needing to do everything yourself as the business owner, but that is a trap because you simply don't have the time. There are two problems with this line of thinking. One is simply that you don’t have enough time, as you will get sucked into even the smallest of details. And secondly you will burn out if you try to do everything yourself. Instead, delegate or assign the task and use your time to manage the team through regular sit downs, empower them to lead and manage those tasks for you and then follow up to make sure that they're hitting the milestones that you have set out for the project. The third step is called testing and measuring. The processes that are running your business will naturally shift over time. And there are other times when the market has shifted but the processes have not. Regardless, the processes that were created when you first started your business may no longer be relevant and optimal for your business today but because no one's gone back and evaluated them and tested and measured them. There tends to be a great opportunity to optimize those to make them better, make them more efficient and more effective for your current organization. Take a look at your business processes and identify the processes that you can better manage and transform your business. If this is something that you are interested in learning more about I have a number of ways to do that. We can jump on a quick call. We can get together for a coffee meeting. Or if you know that this is absolutely what you need and you want to get started right away I offer a two hour complimentary coaching session, where we'll dig in deep into your business, identify the opportunities and put a plan in place to go forward. If this brought you any value, leave a like and consider subscribing for more videos like this every week. Enjoy! —I love to hear from you, please take a second and say ‘Hello’ in the comments and let me know what you thought of the video … and it would make my day if you hit the subscribe button. PJ Weiland, Certified Award-Winning Coach, Speaker, Entrepreneur, Mentor, Marathoner and Philanthropist. Located on the North Shore of Chicago, she has helped thousands of business owners, executive leaders and teams achieve their goals and go to new heights. Scaling up is her specialty, that means double and triple digit growth in profitability, improved cash flow, streamlined systems, and high performance teams…and more fun. With decades of business experience Coach PJ will be that one person that can meet you exactly where you are at and guide you to get the business and life you deserve. ►Connect with Coach PJ Weiland Here: Website: http://www.bestchicagobusinesscoach.com Blog: http://www.workingonthebusiness.com LinkedIn:   / pjweiland   Facebook:   / bestchicagobusinesscoach   business owner, small business owner, business tips, support tips, business growth, business, business success, small business, entrepreneur, entrepreneur motivation, entrepreneurship, grow small business, how to, how to improve my business, ways to be more effective, be more effective, more effective, be more productive, more productive, accomplish more, do more, get more done, increase productivity at work, increase productivity, productivity, time management

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