Add value to your business

When you run a business and you want to add value to that business, there are a number of things you can do, and one of the simplest and most effective methods is to create written procedures and systems.

What often lies deep within the business operator’s head is often unobtainable to their staff. What does that mean? I see many excellent businesses where the owner or manager runs the show but struggles to get new or existing staff to quickly adopt good processes or take on more responsibility.

The long-term business owner habitually does everything in an intuitive fashion built around many years of operating the business, but consistently complains that they can’t find good key staff.

In my role developing succession plans or strategic transition plans for businesses, the task of extracting what is intuitive to the business owner and translating it into a written and easily understood process is not hard once you’re shown how, and it can immediately add significant value to the business.

If you would like to know more or gain help with this and maybe other areas of your business you are welcome to join the NISER business mentoring program currently running. The program covers a broad range of issues and helps businesses develop a succession or strategic transition plan.

There are a number of key workshops backed up by one-on-one sessions by a personal business mentor who helps keep you on track and focused on the main issues unique to your business.

This is an Australian Government initiative funded under the Building Entrepreneurship in Small Business Program.

Contact Geoff Moller on 0411 351 110 or via email on geoff@niser.org.au

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