Ideas to improve business process

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Before starting a business ity is better to do all R&D for that business.

Quality Improvement: this measure focuses on identifying changes in processes and systems that result in a better product and service. Such changes may or may not meet any of the other criteria. In fact, a quality improving innovation could at times involve, for example, spending more time and/or money if doing so sufficiently increases product value to customers.

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Business process (BP), standard operating procedure (SOP), business method... call it what you want. The key to every successful business is identification and communication of the repeatable processes that make the business go. Whether you have 100 employees or none, your ability to scale, improve and react is crucial. Without documenting the procedures needed to execute your business, you and your employees are just stumbling through an ongoing improvisational act.
If you're a micro business, the crucial ability to delegate and outsource depends upon your ability to establish and communicate repeatable tasks. If your business has employees, don't let the ability to do their job walk out the door with them. Capture their processes and tasks so that a substitute can jump in without completely reinventing the wheel.


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Our Independent Program and Project Analysis (IPPA) is a limited business process audit that follows a quality assurance audit protocol. Typically, we will analyze and map top-level processes and selected critical procedures. The areas of focus are determined in collaboration with the client, based on known problems or critical needs. Through a structured process of information gathering and observation, we evaluate the effectiveness of a process and the quality of the output. We look for redundancies, re-work loops, manual processes that could be automated and any other inefficiencies that do not add value.

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The organization may be a for-profit business, a non-profit organization, a government agency, or any other ongoing concern. Most BPI techniques were developed and refined in the manufacturing era, though many of the methodologies (like Six Sigma) have been successfully adapted to work in the predominantly service-based economy of today. While there are differences in the challenges that each type of industry poses, the fact remains that the core principles of BPI and how they apply to business improvement remain portable across industries and functions.

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Innovation through continual process improvement is not simply a science or an art. It is the passionate and continual entrepreneurial practice of seeking new answers to both old and new problems. It is also the creating of an organizational culture that seeks opportunities to maximize the use of human imagination, knowledge and potential. It is truly using the organizations collective knowledge to shape its future.

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• Keep your eyes open at all times-You should always be on the lookout for the next opportunity. Investing powerhouses will spend their time traveling the country, examining companies, testing products, visiting management, and even quizzing their family and friends about their shopping trips. The same holds true for your portfolio. By simply keeping your eyes open, you can stumble onto a profitable enterprise far easier than scanning the pages of Fortune, or consulting high price investment advisors.
• Have a rational attitude toward price-It is important to keep in mind that there is one rule of mathematics that is unavoidable: the higher a price you pay for an asset in relation to its earnings, the lower your return. It's fairly simple. To often investors are derailed by other forces and they may be likely to panic and sell their proportional interest in the business simply because other people think it is worth less than you paid for it. However, if you have done your homework, provided an ample margin of safety, and is encouraged about the long-term economics of the business; you should view price declines as a wonderful opportunity to acquire more of a good thing. Investing means that a time value must be equated with your money. If you are unable to accept that, then investing may not be right for you.

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