Generations Law - December 2019

The Business Brief

December 2019

How Systems Affect Your Business

program that provides a means for documenting each task and tracking them from beginning to end will suffice. It’s best to find a program with some visualization of project progress, like charts or graphs. This way, you or any other member of your team can see how far along each project is with just a glance. When you’re identifying system steps, you need to consider how efficient each task is. According to IDC, a market research firm, businesses lose 20%–30% of revenue due to system inefficiencies. Whether you contact us or another seasoned business lawyer, you should hire one as soon as possible to help you develop your systems. If you have any concerns about your processes, contact us anytime. The best way to reach me is at ( 208) 401-9300 or email me at tom@genlawgroup.com to schedule a complimentary strategy session.

For instance, you receive an order from a customer. What steps are involved in getting that product to them? A documented, well- strategized system might include receiving the request, issuing work orders for a product, producing said product, conducting quality control, packing, and shipping. You know your business best and everything that has to be done within it, so developing your systems yourself is the best course of action. Once you have experience using your system, you can refine it to your liking. After using each system for a few weeks, you can hire a professional to assist you in refining and documenting the system. An experienced business lawyer can provide you with an outline after visiting your business and defining what systems you do or don’t have. Should I develop systems myself or hire a professional?

Whether you’re a seasoned entrepreneur or just starting out, you need to put procedures and systems in place to make your business successful. That way, everyone involved, including yourself, knows how to execute every task to reach the company's goals. Systems are written procedures, processes, or courses of action developed to achieve specific results in your business. Systems can be as simple as a step-by-step task list that needs to be completed for every project. To complete projects, some businesses need extensive systems that span across every department. Set up a system.

"According to IDC, a market research firm, businesses lose 20%–30% of revenue due to supply chain management inefficiencies."

Utilize some tools.

Using some sort of project management software increases your productivity — countless studies confirm this. There are several excellent options, including Trello, Monday.com, and Asana, but any

–Tom Walker

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