Learn how to optimize business growth! Over time, boats left in the water build up a layer of barnacles. While doing little direct harm, they slow down how fast a boat can progress once it starts sailing. It is the same with your business. While you are fairly stationary, the poor and redundant work processes and system that have gown up over time may have an acceptable impact. But once you start growing, they will start to drag on your progress and make your growth slower, and more expensive, than it would be if the business barnacles were first removed. This collection of resources provides insights into common business barnacles and how to remove them. You are encouraged to optimize your business for growth before launching into a growth phase. You will save time and expense in the medium term; and get better results.
10Apr
Cost of Over and Under Stocking
In a manufacturing or retail environment, having too much inventory of products your customers don't want and/or too little inventory on hand of what products your customers do want will cost you money and, consequently, profit. Many service businesses also have inventory even if it is items like stationary incidental...