C2.6 Optimise100 – Advanced Business Growth Techniques
Our Optimise100 Course is a distillation of powerful techniques for reducing costs and boosting Revenue. The outcome is a rapid boost in Profits executed over 100 days. Other articles in this Program are pitched at our introductory Yellow Belt level. The advanced techniques outlined in this article come from our Blue Belt (intermediate) level Knowledge Base. Optimise100 […]
SM4.0 Business Efficiency: Waste Reduction Introduction
Eight Types of Waste Business efficiency relies upon managing and reducing waste Here are 8 tested ways for doing this What is Waste? A straight forward explanation of waste is that it is anything that adds no value to the final product or service. This is something that the customer is not willing to pay […]
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 […]
C2.4 Optimise100 – Cost Reduction
The fastest way to improve your profit is to reduce the costs in your business!
However, we need to bear in mind that this is a very limited step. If you save costs to the ultimate degree, you no longer have an operating business! Clearly there is some point below which cost cutting can damage the business rather than improve profitability.
Nevertheless, it is very often the first step undertaken by businesses and very often is undertaken without much discrimination.
We often see overly simplistic cost reduction exercises where, for example, 10% of the staff are made redundant across the board without giving thought to necessary skill sets and the products and locations that are to be maintained.
This Yellow Belt project illustrates a number of cost centres that you can consider overhauling on your road to Optimising Your Existing Operation in 100 Days.
C2.2 Introduction to Optimise100 Campaign
Every manager, and particularly an owner operator, is interested in increasing the operating efficiency of the business units they manage.
This article is 12Faces’s introduction to the Optimise100 campaign. A wide range of advice and methods have been distilled into a Professional Development Course. The course recommends a sequence of events so that you can realistically hope to optimise your existing business, and in turn, double your Profits within 100 days. These are outlined at the end of this introductory article. This is a Yellow Belt course.
C2.3 Optimise100: Getting Ready
Every manager, and particularly an owner operator, is interested in increasing the Profit of the business units they manage. 12Faces has distilled a wide range of advice and methods to enable you to do this and has grouped them into a Course we call Optimise100. We present a series of activities so that you can realistically hope to optimise your existing business, and in turn, double your Profits within 100 days. This part of the Program discusses getting ready to launch your Optimise100 Program.
C2.5 Optimise100 – Increase Revenue
It is usually possible to improve the revenue of a business unit by tuning what is already there. Since our assignment is to Optimise Your Business in 100 Days and Double Your Profits, we now turn to quick and simple Revenue raising opportunities. Earlier projects in this Campaign discussed C2.3 Optimise100: Getting Ready and C2.4 Optimise100 – Cost Reduction Yellow Belt.
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.
C2.3.4 Optimise100: Time Frame & Scheduling
At the outset, we said that Profit doubling could happen in 100 days. How are your Project Management skills? Just how long it takes depends on several things: Project Management and the Profit Makeover Firstly, and importantly, will be the speed at which you can address the separate activities that are listed in this document. […]
C2.3.2 Get Yourself Ready
Your journey to increase Profit will certainly stretch your abilities as a leader and a manager, including your time management. Has this journey of business expansion raised a lot of questions that you, as a leader, is not sure of the answers? Not sure how to monitor the tasks that have been delegated to your […]