Tag: business process

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Startup

How To Automate Business Processes & Why Is It Crucial For Startups?

How To Automate Business Processes & Why Is It Crucial For Startups?
How To Automate Business Processes & Why Is It Crucial For Startups?

If you have a small startup business with 3 or 4 employees then the automation of business processes is a low priority. But if your business has more than 10 employees, then your company needs to consider a few must-have processes and take a hard look at which business processes can be automated.

Why every startup business needs a process?

When a business is small, there is less possibility of making mistakes. But when you think about scaling, some of the tasks that are repetitive and are done manually they need to be automated. Automation can improve efficiency. Business automation of a few processes can also reduce errors that come with business expansion. If you are confused, you can also take help from the best business coach in India Dr. Vivek Bindra to understand the concept in detail.

So what are some strategic ways to automate business processes? And which processes should be automated first? Well, we are going to answer all your queries.

But first things first!

What is business processes management and why your startup needs it?

Processes are the heart and soul of a successful business. Business process management is how you effectively manage all the processes. It impacts multiple teams and employees as all the activities in your company happen as processes. When you start taking processes seriously, a BPM becomes a tool that can help you achieve your business goals.

Business process management is a practice of managing all business processes that help to achieve an outcome. It is an ongoing activity that helps to identify key areas that need improvement.

Business process management works in multiple forms. Though some processes can be completely automated, others need human input for making decisions. Here are three types of business process management that every organization must have:

1. Human-centric BPM

As the name defines, this type of business process involves human inputs. The decisions are made by humans and most of the heavy task is performed by humans. The scope of the business automation process is limited here.

To help employees understand and manage the process easier, it offers a visual interface too. Since this process impacts employees directly, this process needs more attention as compared to others.

2. Document-centric BPM

A document-centric business process is built on the foundation of a particular document. The main agenda is to send the multiple approvers who are involved in the process and get it approved. The document-centric BPM helps to reduce the need for emailing documents back and forth and increases efficiency.

3. Integration-centric BPM

The integration-centric business process management is centered on the integration of different software systems. Its main focus is on creating a smooth flow of data between the networks and software tools.

Now, when you are well aware of business process management, which processes should be automated first? Here are 3 ways in which you can automate critical processes in your business:

a). Find Functional Areas of Operations- Though it may sound tempting to replace roles with artificial intelligence to save cost, that is not how automation works. Human intervention will remain imperative. So, identify functional areas in your business that may have opportunities for improvement. This may include accounts payable, sales teams, inventory management, customer service, and other areas of business operations. You can also get the guidance from an expert or the best business coach in India to help you find areas that needs to be automated.

b). Create Standard Operating Procedures- SOPs as popularly known is a document that explains the exact steps to carry out a certain task and complete the responsibilities within a role. And many business coaches advice to create SOPs by employees for their designated tasks. To work smoothly, a process needs to be clearly defined with steps and actions to take.

c). Identify Repetitive Task– identify tasks that are repetitive and exist within the roles of each department. This will help you to gain perspective in areas where you are most exposed to risks or operational deficiencies. Go through the SOPs that your employees have created. Spend the time to complete tasks according to SOPs to weed out the repetitive tasks.

A successful businessman needs an efficient team and organized business activities. If you need to reduce expenses and focus on your core business by making processes and introducing business automation.

Are you looking to find solutions for your burning problems? Get practical solutions easily with our step-by-step learning strategies, action plan, frameworks that are designed to empower you with various business functions. Solve your problems in just one click: https://www.badabusiness.com/psc

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Business motivation

3 Types of Business Processes every Organization must Have!

business process

Being an entrepreneur is never easy. Managing and running a business requires multiple departments, skilled staff, and a smooth business process.

Processes are the heart and soul of a successful business. Business process management is how you effectively manage all the processes.

Business process management is a practice of managing all business processes that help to achieve an outcome. It is an ongoing activity that helps to identify key areas that need improvement.

Business process management works in multiple forms. Though some processes can be completely automated, others need human input for making decisions. Here are three types of business process management that every organization must have:

Document-centric BPM

A document-centric business process is built on the foundation of a particular document. The main agenda is to send the multiple approvers who are involved in the process and get it approved. The document-centric BPM helps to reduce the need for emailing documents back and forth and increases efficiency.

Human-centric BPM

As the name defines, this type of business process involves human inputs. The decisions are made by humans and most of the heavy task is performed by humans. The scope of the business automation process is limited here.

To help employees understand and manage the process easier, it offers a visual interface too. Since this process impacts employees directly, this process needs more attention as compared to others.

Integration-centric BPM

The integration-centric business process management is centered on the integration of different software systems. Its main focus is on creating a smooth flow of data between the networks and software tools.

A business process management impacts multiple teams and employees as all the activities in your company happen as processes. When you start taking processes seriously, a BPM becomes a tool that can help you achieve your business goals.

This new age of business has given us the answer to this, and if you look around, you’ll find tools meant for rising stars just like yourself – apps and services that let you manage many aspects of your business with the minimum investment of time and money, leaving you free to focus on the larger picture.

A successful businessman needs an efficient team and organized business activities. If you need to reduce expenses, and focus on your core business, join our Everything about Entrepreneurship course. Click here to know how this course will benefit you: https://www.badabusiness.com/?ref_code=ArticlesLeads

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Business motivation

5 Amazing Benefits of Business Process Management you must know!

business process management

From the departmental store in your locality to Google headquarters, there is one thing that remains common in every business- processes. Processes are the heart of the way every business operates. Whether you are an entrepreneur, solopreneur, or a business owner of a small Kirana shop, understanding a business process is vital.

Every department has a specific process attached to it. That is why it is important to know the importance of business process management.

What is BPM?

BPM or business process management helps to optimize all the important business processes. It helps to improve the company`s overall performance.

So can business process management help your company to achieve its goals? It`s time to dig deeper and explore the 5 benefits of an effective business process:

  1. BPM can Reduce Costs

To stay functional and steady in the business world, companies need to focus on reducing costs. By optimizing the business processes, you can determine which process is vital for the growth of the company and what is not.

  1. Increases Productivity

A business process helps the organization or a company to construct a solid framework for every process. All the processes are documented, monitored, and optimized. This enables the team to carry out processes with very hiccups, which increases productivity.

  1. Reduced Errors

Errors are difficult to track when the processes are managed in spreadsheets. The primitive tools like spreadsheets and emails make it hard to keep everything organized and up-to-date.

With good BPM practice, the frequency of errors is greatly reduced. People involved in these processes are informed of their duties. It also ensures that the stakeholders are meeting the expectations.

  1. Ensures Policy Compliance

Every organization has multiple departments, and hence, department-specific policies to comply with. A business process mapping tool will ensure the smooth progression of these policies.

  1. Reduces Micromanagement

Micromanagement might get the tasks done at hand. However, it could be destructive for a company in the long run. The leaders try to micromanage their teams to reduce errors. Here, BPM eliminates the need for management. All the standard operating procedures are mentioned and employees are also aware of their duties.

Employees realize what is best for their teams, and they think about creative solutions, which help the organization to achieve its business goals.

You too can reduce the old methods of handling your business processes. You can learn how to build an effective business process management that your team would want to use. Learn business techniques at your own pace from the industry experts in easy-to-understand language from our Everything about Entrepreneurship course. To know more, click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

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Business motivation Process & Business Expansion

5 Business Tips Every Entrepreneur Should Know

Business Tips | Representational Image Only (Photo Credits: Pexels)

The COVID-19 pandemic has changed the entire dynamics of running businesses. Running a business is hard, but if one puts in consistent efforts, no one can diminish the spark of an entrepreneur. One has to be really focused and have a positive mindset to succeed and to gain a competitive advantage over rivals. It becomes the need of the hour to make yourself and your business strong and worthy enough to deal with the perils of new entrants in the market.

Insulating yourself from such threats will not only help you grow your business, but also focus on trying to survive in the market at times of crisis. Being an entrepreneur in any sector should fill a hole in a certain market or niche.

Here are 5 Business Tips that Every Entrepreneur Should Know

Customers First: Listen to Them

The most important feature that a successful entrepreneur should possess is the quality of listening. The more you listen, the better you understand the problems of your customers. The quality of listening not only helps you focus on finding a solution, but also makes your customers happy as you give them a patient listening.

Trust Your Gut

Believe it or not, you need to trust your gut as it helps you make the right decision. This phrase is often used but rarely understood. Folks out there in the market are looking to solve a problem or find a particular type of product. If you trust your gut and give an idea a shot, who know? Your idea may be a hit!

Track Your Finances Inside And Out

A successful entrepreneur is the one who knows the key to access and manage the finances in a proper manner. If one knows the finances inside-out, keeps a record of the spending and earnings and plans accordingly, nothing like it! An entrepreneur should be well versed with the the firm’s revenues, expenses, capital requirements, profits (gross and net), debt, cash flow among other things. Spending are always easy, earning them takes a great deal of effort.

Be A Solution, Not A Problem

People out there have a lot of problems already. You be the solution! Provide solutions by listening to your customer’s grievances.  It’s a lot easier to gain a solid customer base when your business is fixing a problem. Just sit, be quiet, and listen to yourself.

Never Stop Looking for New Ideas

Be open to new idea. A successful entrepreneur is the one who should be open to fresh ideas even if after reaching a certain level of success. When one is open to fresh deals, the business has the potential to reach a next level altogether. The most successful businesses are always on the lookout for new ideas and useful business tricks that they can use.

 

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Motivation & Mind Control

3 Simple Steps to Manage Stress and Save Your Business

बिजनेस टिप्स
बिजनेस टिप्स

Stress Management in Business: Key to drive Efficiency

Feeling stressed? Don’t worry, most of the business owners today complain about increasing stress levels. Modern life is filled with challenges, deadlines, long working hours, complicated relationships and uncertainty in business environment. 

Every business owner works about achieving peak performance but in reality, such results take long term investment of time, money and patience. 

Stressing about business process and functions can make you lose the vision and perspective to solve problems in your trade. It takes a lot of energy and focus to put these uncertain stress factors out of your life.

What does it need to get back to the fundamentals? What can you do? It is not about ignoring the daily fires, it is about improving the way you fight the battle.  We tell you three simple steps to bust that stress away and focus on your goal. 

1. Let’s Be Honest

  • Always remember that nothing is certain in this world. Anything negative happening to you or your business process can be improved and worked upon. Don’t neglect realities rather focus on the solution to the problem.
  • Before rushing into the flame, take notes of your greater purpose and put the fire in context. Always remember why you started before ending anything.
  • Be honest with your employees, partners, fellow leaders, customers and everybody who makes the engine of your work run as you are not alone.
  • Don’t be afraid to answer, being honest might help you reduce stress at work and who knows, by sharing the issues you might get a great way to fight with it.
  • It is important to be transparent with your employees so that they know what they need to focus on. Involve them in strategic planning so that they can feel a part of the business process.

2. Take tough decisions with a balanced approach

  • The worst thing we do in uncertain stress situations is to take the wrong decisions. Many business owners take hasty decision around the most vital aspects of the business.
  • Never cut the communication in any tough situation, it often misguides your decision making.
  • You may fail to take note of the larger context if you focus only on the bottom line while ignoring your fellows and team-mates.
  • You will always rise in the process to fight with stress when you understand and work towards dual benefits- of the company and of your employees.
  • Improve your problem-solving skills to help make the challenges thrown at you more manageable. It is a process of identifying stressors and creating strategies to reduce stress at work.
  • Add this powerful tool to your stress management toolbox.

3. Return to your core

  • Always remember what is the foundation and values of your company, I am sure you had a purpose.
  • Stress makes us lose sight of the core things we are working for during tough times.
  • Do not play the blame game rather focus on the issue that is creating the stress in your business process.
  • Recall the previous stress and problem that you have solved and use your previous learnings. 

Top emergency stress stoppers

An emergency stress stopper can help you to defuse the stress for the moment. Here are some points to remember:-

Counting 10 before you speak or react can reduce stress at work.

* Take a few deep breaths until your body starts to relax.

* Take a walk to break the stress and give you a chance to think freshly.

* Take out some time to meditate for mental relief.

* Instead of solving the whole problem, try to break it in parts and then solve it.

* Listen to some motivational speeches or songs. It will help you to deal with rage and reduce stress at work.

* Workout if you are feeling stress. Exercising is the best antidote for stress.

In the end, do remember to be honest with yourself and your employees about what’s working and what needs to be changed. Make tough decisions in the greater context and you will find the peak closer than you thought.