How the Profit Flywheel Accelerates Your Business
This is the 12Faces structured roadmap to growing your business. We use the flywheel to explain the structure of the material. It is one of many possible roadmaps to growth. Use it as a suggestion tool to incorporate into your business planning. Yellow Belt
Use StrategyTrees to Visualize Effective Strategic Planning
Every type of Enterprise faces the need to develop a Strategy and then implement it. 12Faces has been doing this in its own businesses for many years and we have developed a very practical approach which we share with you here. This is a blue belt article.
How to Use 5 Whys Problem Solving Technique
Often you are faced with a problem and have no idea what is causing it. You don’t even know where to start looking! Actually, you and your team may know more than you think and 5 Whys is a way to unearth possible reasons from complete unknowns Five Whys and its sister Five Hows is […]
Learn from 80/20 Rule Menu
The Amazing 80/20 Rule has the power to grow your business up to 16 TIMES FASTER and make your life a whole lot less busy and complicated. Got your attention? Work through this Menu to learn some of the best lessons 12Faces has to offer. Yellow Belt
SM2.2 80/20 Problem Solving
It is very common in business to be faced with a dilemma where you have a large number of alternative solutions to a problem. It is unclear as to which are the major contributors to the problem, or the best way to go, to help you solve the problem.
Critical Financials for Business Explained
Many Owners overlook the vital business health information available by an analysis of your financials It all sounds too hard so keeps getting put off till “later” But your profitability and cashflow is easily monitored for adverse trends Accounting terminology differs between countries and even between accountants. Use our accounting terminology translator for unfamiliar terms […]
Introducing the GamePlan System
Business Owners are Busy People! Dump “Pie in the Sky” 5 Year Business Plans We developed a routine for getting more done faster using the “Work Smarter, not Harder” mantra We were “National Small Business of the Year” and appeared 4 times in the “National 100 Fastest Growing Businesses” list using this approach This is […]
Using Weighted Scores Prioritising Technique
When you are faced with many alternatives, it can often be very hard to choose between them. They will be strong on some things and weak on others; but hardly ever the same things. The sort of problem you face when choosing a car or a new staff member for example. A quick and effective way to work through such a maze is to use a Weights and Scores technique described below. Yellow Belt
How the Plan/Do/Check/Act (PDCA) Cycle Builds Important Routines
The business world is full of uncertainty. Many managers cross their fingers, build the planned addition to their business in its entirety, or their start-up, then launch it and pray. The most common outcome from this approach is – failure or, at best, mediocre success. Starting with the auto industry and then moving to the start-up industry, smart managers are dramatically reducing their risk by doing a series of experiments that let them “fail fast” and cheaply if their idea does not have legs. This approach substantially speeds up the migration to a profitable new avenue for the business. Learn the process of the PDCA Cycle This is a Yellow Belt (Introductory) article.
How to Manage Highest Paid Person’s Opinion – HiPPO & other Effects
When a HiPPO (highest paid person’s opinion) is in play during staff meetings, it is doubtful that your enterprise is relying on data to inform decision-making. In fact, the HiPPO effect will be killing debate in your team meetings. Is your business making decisions based on what the HiPPO wants done? Yellow Belt I am […]