Tuesday, February 2, 2010

Company Growth

Your business might have more potential.
How would I know that? I could speculate, but there is nothing to measure with speculation. Potential in my business? Where? How can I have more potential?

There is potential in your bottom line. Now I have got you listening. Potential is driven by money. Money moves people and ideas. So I guess I should say “Potential Money”. Now you’re listening.

Where do you find potential money for your business?

More customers, more sales, more production? Today it is very hard to find new customers that will increase sales which increases production.
Where is the answer? You said more money for my business!
Before I get into the just telling you the answer I have to set up a scenario.

Say you manufacture something. An employee suggests a way to speed up your production. Would you listen? Assuming your quality doesn’t suffer, speeding up your production might save you money by being more efficient. More units – same time.

What if a new machine made your product faster and better than the way you’re making them now? Could you see past the cost of the new machine to the days where you will have the machine paid off and you’re making more money?

What if… this new machine gave you not only more efficiency and a better product, and you gained a competitive advantage which added to better consumer support, increased production, and more sales. (The new machine would be paying for itself)

So getting back to your employee’s first suggestion of doing what you are already doing, but doing it better and more efficient. Now match that with adding a new machine to help position the company for a better competitive advantage with a greater growth potential.

Now, you have not grown your customer base, but the potential is there. Your sales have not increased yet, but you’re doing things much more efficiently, and have gained a competitive advantage. Are you making more money on your bottom line?

For a lot of companies and organizations the answer is “Yes!” To be more efficient with today's work load is worth it. Now add to that the repositioning of the company for growth. Win Win

There is a term being used called Business Process Management or BPM. If you were to evaluate or better yet find someone to evaluate your BPM. I would venture to say that your day-to-day business processes could be more efficient. By adding this efficiency to your business processes you will gain more productive time and a competitive advantage.

I am suggesting that you call on someone to evaluate your BPM.

At Mountain Scanners we offer a free first visit with one of our consultants. There is no obligation tied with this meeting. Suggestions are offered after the meeting. If you would like to move forward with some of these suggestions Mountain Scanners would be happy to assist you. If not, you get some “food for thought”.

Position your company for growth. Analyze your company’s BPM today. You have everything to gain.