SM4.4 How to Reduce Waste in Offices and Service Industries
Most improvement is an incremental process. “Kaizen” is a Japanese word for incremental improvement. Most people think of the removal of waste occurring only on the factory floor. Waste can also occur in Office Operations; administration, human resources, sales & marketing. Experts report that Office Operations waste is at a higher level than waste on the factory […]
SM4.1 Eight Types of Waste
The well-known Toyota car company identified seven types of waste that had an impact on Productivity and Profit. An eighth has been added more recently. By gradually reducing these wastes, you can improve the Productivity and Profit of your business. In Japanese, this is referred to as reducing “muda” (pronounced Moo-da). This article discusses how these types of waste might show up in […]
SM6.6 Profit Autopilot “Piggy Banks” Video
We have a 15 minute video on the use of Profit Piggy Banks as part of the Profit Autopilot series.
The Video gives you a speedy introduction to how the Piggy Banks work and why they will reduce your stress over bill paying.
They help to ensure you have money available when needed to pay bills as they fall due.
Watch this 15 minute video on the link below
SM6.4 Profit Autopilot Business Model Video 2
Profit Autopilot is our simple and quick to use method for configuring your business to give you the profit and the salary that you want.
By starting out from these two goals and working backwards, you can quickly see if your business already meets those goals.
If not, you will have a clear demonstration of what needs to be done to achieve them.
Our two part video series is a quick introduction to tuning your business once Part 1 has indicated what you need to work on.
Watch Profit Autopilot Video 2 here – 15 minutes
SM6.1 Profit Autopilot – Background Information
Among the largest contributors to the failure of both small and larger businesses, are either, they fail to make a Profit or they incorrectly account for their cash and run out of money to pay their debts and tax liability.
This is particularly acute in small businesses where the owner/operators do not necessarily have much experience in financial matters and find themselves in an unexpected cashflow crisis.
The Profit Autopilot Skills Module turns conventional accounting on its head by starting with a focus on Profit first. It also introduces a simple set of “Piggy Banks” that give you a “set and forget” approach so that when tax and other expenses become due, you have sufficient funds to pay. And, along the way, you have also taken out not only a Wage but a Profit as well.
SM6.7 Profit Autopilot Wrap-up and What’s Next
Congratulations. You have reached the fourth and final part of the Profit Autopilot project.
By now, you will know how to be confident that your business will produce the Profit and Salary YOU “Desire” and you have learned how to have sufficient cash available when payments have to be made.
Both of these will enormously reduce the stress you face as a business operator and make the whole experience a bit more comfortable.
SM4.3 Prioritising Waste Removal
Any waste removal project will identify literally hundreds of instances of waste. There is a serious risk that such a vast quantity of information will overwhelm the business operator’s ability to manage it in the best interests of the business. We need to discuss ways to identify the most important wastes to remove first.
This is a Yellow Belt article.
SM4.2 Capturing Waste in the Wild
Once you get on the trail of waste out in the wilds of your production system (service, retail or manufacturing), you are going to find literally hundreds of examples of waste. It’s too much to hold in your head so you need a simple way to find, measure it and record it for later prioritised removal. This is a yellow belt approach to these tasks. It is the second article in this series on waste.
Business Training
The 12Faces business training resources are focused on how to grow a small business. They cover the particular issues arising for each growth stage from startup to 20 staff. Also includes our systems for actually getting the work done via a rapid, lower stress, framework. The Business training also expands on some of the important […]