The Importance of Having A Well Structured System In Your Business

In Uncategorized on 26 March 2009 with no comments

business system Eben Pagan, the founder of the best selling business program for CEOs, Get Altitude, as well as the owner of a very successful 20 million dollar dating info-business said that there are 5 key areas a CEO should look at in his business.

The 5 key areas that can make or break your company.

They are…

1. You (The CEO)

2. Your Market (Your target audience, the buying crowd)

3. Your Marketing (Your sales and marketing strategy)

4. Your People (The most important resource in your company)

5. Your System (The structure within your company)

I’m not going to go into the details of all 5 areas. If you want you can go down to Get Altitude blog to read more.

However I do want to touch on the last point - your system.

Why is it important to have a well-defined well structured system in place?

Because if we want to ensure a smooth-moving well oiled organization, with minimal wastages and excesses, we need a well thought out system in place.

Imagine your employees coming to work, and not knowing what to do.

Imagine your employees going about doing work haphazardly.

What happens?

Plenty of errors and delays. Inefficiency and low productivity. That’s what.

And when that happens, it means higher operational expenses and lower revenue because of increased unnecessary cost incurred, coupled with slow turn around time.

That’s far from ideal.

Also, if you like to automate your business, there definitely must be a well structured standard procedure in place. If not, it is virtually impossible.

Of course, there there can always be flexibility and degree of freedom within a framework. But there must always be a guiding procedure and boundaries to work within and by. If not, with no proper organization, there will be chaos.

A business cannot function to its maximum if it lacks a proper foundation.

Make sense?

All success,

Jag Foo