People, Processes and Information must work together effectively & efficiently for your company to maximize its profitability. The 3 working together seamlessly is very much an achievable goal. The biggest mistake you can make as a business leader is to fool yourself or your employees to believing that any one of the 3 can compensate for another.
Rarely are any of these disputed as to their importance, although we consistently see where new business owners tend to under-prioritize or overlook completely the critical nature of cash-flow to sustaining their business. The pitfall typically is the business owner’s projected sales are further out than the business has capital to operate, thus the company will run out of money before the projected sales are ever reached. Don’t panic – there are many solutions to resolving this gap, but rolling up your sleeves and delving into the matter is critical for you and your new business. If you wish to read more about the other C’s (Customer Service & Clients) and other business topics, check out Affirm Consulting’s – Ask the Experts (Q&A) blog @ www.affirm.consulting.
In closing, Congratulations on becoming a business owner! Affirm Consulting, LLC wishes you much success in your new endeavor. If we can ever be of assistance, or answer any questions, please feel free to reach out to us, as our passion is helping small and mid-sized businesses.