3 STEPS FOR A MORE PROFITABLE BUSINESS IN 2017

Some months ago, I shared an inspiring post by Mike Kostis, an entrepreneur who successfully led his third-generation family business through the worst of Michigan’s economic downturn. He is a fellow Certified EOS® Implementer and a contributor to the Entrepreneur Operating System (EOS) Blog.

He has launched 2017 with an article about the importance of identifying and documenting your business’ core processes.  These are excerpts from his advice:

1. Identify Your Company’s Core Processes

Your core processes are your WAY of doing business. Every organization has a handful of core processes that make the business run.

2. Document Each Core Process

Document your core processes using a 20/80 approach: just document the essential 20% that will give you 80% of the results. This isn’t a detailed training manual—think high-level Cliff’s Notes. Each process should be between 1-10 pages (think checklists or bullet points).

3. Make Your Processes Followed By All

Everyone in your organization needs to understand your core processes, and they all need to be following them.

Read his article to learn how to successfully implement these steps. And good luck for a successful 2017!