Alphacode Blog

As an entrepreneur and small business owner, you should probably be thinking about how to make a business grow everyday right? However, keep in mind that even though we are indeed facing a period of uncertainty, you should not should “attach” yourself to this factor when it comes to your results. The important thing to underline in this situation is the aspects related to your business’s management and organisation. In other words, your focus should be geared towards the improvement of processes, not to mention the importance of staying up to date and constantly knowledgeable. Wherever the case is, we have outlined this article with 6 tips that will certainly help you grow your company. Check them out! Have a long-term view In order to foster the growth of any given company, it’s crucial that you “set up” strategies by giving emphasis to a long-term view. And why is that so important? Well, you have to understand that, bottom line, this perspective has essentially to do with seeing the future beforehand, imagining what it could be like. Therefore, this ability that we have to see things ahead is what allows us to act in pursuit of an already established vision. Nonetheless, it’s also obvious that short-term goals should also be delineated, but the ideal situation is that these have a connection with what you want at the end of the road. Imagine that each one your actions in the present moment are similar to a piece of a jigsaw, and that your long-term view is the jigsaw already completed. Simplifying this even more, please understand that putting our focus solely on short-term achievements is the same as coupling random pieces together, which in the end do not resemble anything that could be read as a drawing. Build an in-house team Another point that should take into consideration in order to nurture any company’s growth, and one that deserves to be mentioned, is the importance of building an in-house team. Before anything else, understand that most organisations that occupy a top position have an excellent internal team. Therefore, try to assemble your own team, making it accountable for the most important tasks, from management to the execution of key tasks. In this sense, avoid an excessive outsourcing or immediate solutions. Even though outsourcing may represent the best option when dealing with some situations, the idea here is to have a good team by your side, one that will help you make the best decisions overall, since each of its “members” would be focused on growth – at least, that’s what we can expect from them. Deploy a policy geared towards progress and dedicated to the improvement of processes as a whole. Explore your qualities and work on your struggles In order for a company to grow and increase your chances of success, it’s crucial that you explore your assets and work on your struggles. There’s not a single secret in here, you just need to focus yourself on your biggest skills and

With time, the operational costs remain high and the quality of the products and services provided is not able to surpass the competition, so in order to avoid having that happening in your business, follow these 4 steps enlisted below. In order to assume the market’s leading position, first you need to optimise the company’s processes on a constant basis. This because, as the competition grows in size, only the most well-prepared are able to keep their activities running for years. Many can even blame the crisis or the competition itself, but as a matter of fact the companies are often the ones accountable for the situation! They prefer to stay immovable, they have ended up attaching themselves to ineffective processes and they weren’t able to cope with adversity. With time, the operational costs remain high and the quality of the products and services provided is not able to surpass the competition. That way, the road towards bankruptcy is a certainty. In order to avoid having that happening in your business, follow these 4 steps enlisted below. Identify the stages The optimisation’s first stage is all about finding out what kind of activities are part of a specific process inside your company. It’s worth remembering that the processes qualify themselves as continuous sequences made of facts or operations, which present a certain unity or are capable of reproducing themselves quite often in time. Furthermore, it’s important to identify if every procedure is actually able to produce a product that suits internal and external customers. Let’s talk about the purchase of a certain supply, for instance. Your steps are: Supply request, done by a collaborator or a team; Request analysis, carried out by the purchasing sector; Carrying out a pricing research and a budget gathering; Consolidation of comparative table of prices; Presentation of results for purposes related to purchase management; Purchase approval, fitting one of those budgets; Request’s negotiation and consummation; Request follow-up and supplier registration; Receiving and registering the delivered product. As you can see for yourself, this involves a set of sequential stages. The outcome is a product for an internal customer – the collaborator or the team that has requested the supply. Analyse the processes There are several ways to cope with the processes: you can consider that, beyond being expensive and ineffective, they attain more headaches than great results. With that, you decide that they must be deleted, inevitable; in another case, you identify poor processes, but you realise that there’s room for optimisation; it’s also possible to realise that some operations are adequate and effective, yet they can be optimised nonetheless. In that situation, it’s interesting to take measures to enhance them; there are also those ranked with a high level of price-performance ratio and efficiency. In that case, if it’s not broke, don’t fix it. In order to know what sort of situations you’re going through, answer the following questions: What are the processes’ intermediate goals? What are the final goals? What are the results

  Information is the foundation success for any company. Those with accurate, trustworthy and timely information have a significant economic advantage over their competition. Thus, it is important to manage information with the same sort of care that you steer your most valuable assets, such as the capital, the equipment and the workers. For this reason, one needs to carry out a careful data management, strategically controlling it. That way it becomes possible to gain competitive advantages over your competition, increasing one’s notoriety within the market. After all, many sociologists say that we are living in the era of informational capitalism, in which knowledge is gold. What are the cons of an ineffective information management? Opportunities are wasted Businesses that rely on poorly systematic, laggard and hasty methods in their information management practices end up finding out that they have actually lost critical information when they were making decisions. Thus, unique opportunities are wasted, something that gives your competitors a chance to stay ahead of your company. Erroneous choices are made With the wrong kind of information, your company can commit irreparable mistakes. Many investments require accurate and updated information about their own business, such as the most searched products/services, the most productive workers, the equipment’s age, financial health. A wrong decision can put in jeopardy the whole company. An overall ineffective development Any company must grow organically. After all, we shouldn’t confuse an increase in profits with continuous development. We can have high rates of profits, but register a negative evolution in relation to the remaining actors of the market. So, in a blink of an eye, a high income can become a major loss. Thus, it is important to share information in a strategic way. Your managers need to know the real situation of your business in order to make decisions. Your collaborators need to have advanced information in order to present better ideas. Businesses that confine information out of fear of leakage can be severely impaired. What are the advantages of managing your business information with efficiency? An effective information management improves the organisational efficiency, as well as the business’s results, fostering measurable competitive advantages, such as intimacy with the customer, optimisation of suppliers, risk mitigation, decision-support based on data, and internal transparency. Actually, any process that relies on delivering quality, trustworthy and appropriate information to its users requires good information management practices. Check this: Intimacy with the customer Your customers are tired of cold relationships within the business environment. When your company seems to be in a frenzied quest for profit, without caring about its relationship with customers, the chances of having them switching to a competitor that provides better conditions are much more likely. On the other hand, when we establish a bond with them, which they respect, and even when they happen to have affection for your company, they will thoroughly think before making the decision to quit on us. So, even if your competitor happens to provide superior conditions, the customer will prefer

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