Is your team working efficiently?
So how do you make your business activities efficient and cost effective?
Too many businesses have poorly documented policies and procedures, or worse still, none at all. This usually results in valuable information being stored in the heads of your employees.
But what happens when they leave?
Yes, all of that crucial knowledge walks out of the door with them!
This is not good for the long-term value of your business.
Lost company knowledge will immediately incur an operating cost for the business, plus it will have an impact on the value of your business.
Consider a manager who has been working for your company for ten years, who suddenly leaves the business. How would you cope? What would happen to your business activity? And to your business efficiency?
How to avoid losing critical know-how when key people leave
The way to manage this risk is to implement a Business Process Management solution that will record the ‘who, what, why, when and how’ of all your business operations. This will become a company knowledgebase that is not employee-dependent and as such will provide significant value to the business.
Consider these questions for your business:
- Are your business activities, processes and policies documented?
- Are they reviewed and updated in a timely manner?
- Are new staff properly inducted into the organisation?
- Do your staff receive sufficient on-going training to maximise their productivity?
Our approach
We undertake an objective review of your day-to-day operations and business activity to understand how well they align with your strategy. We work with you and your team to develop and formalise your policies and procedures and store them in a knowledge management system so they are always available. We’ll also look at where we can create additional business efficiency.
Business Process Improvement
It is often said that our daily work is made up of “10% inspiration and 90% perspiration”!
With this in mind it makes sense the 90% of our work that is done day-in, and day-out, is performed as efficiently and effectively as possible.
Procedures and processes often grow organically in a business depending on who is doing the work, and what their own requirements are.
Such processes can get handed down from one staff member to another without any real consideration of what the business actually needs to achieve its strategic objectives.
That’s why it’s worth re-examining the who, what, why, when and how of all processes, to ensure every task meets the business' needs. That’s what Business Process Improvement is all about.
Take the next step: contact us!
Drop us a line and we'll be in touch or call directly on:
Empower Business & Accounting Solutions are business advisors and consultants specialising in strategy development, business systems and processes, and management accounting.
We are based in the Bay of Islands and covering Northland, from Whangarei to Kaitaia, including Dargaville, Kaikohe, Paihia, Kerikeri, Mangonui, and beyond.
Empower Business & Accounting Solutions
Kerikeri, Northland