Inspiration


Messages from the Masters
With Standardized Processes & Procedures You'll Make More Money by Jeffrey J. Mayer

During the past year a number of people have told me they found Michael Gerber's book The E-Myth Revisited very stimulating and thought provoking. So I finally got around to buying a copy and have enjoyed reading it.

One of his main themes is the need to have structure in everything you do. Now I know that we all like to think of ourselves as free spirits - and want to be able to come and go as we please - but by having structure you've a methodology for creating dramatic improvements in your daily productivity. 

When I think of structure, I'm referring to set policies and procedures. With a policies and procedures, or operations, manual you're stating that "this is how we do it here." And everybody does it the same way. 

Take McDonald's for example. They have taken every single process and determined how it is to be done:

* Each burger is to be cooked on the grill for a specific number of minutes.
* A pot of coffee can sit on the burner for a certain number of minutes before it must be poured down the drain.
* The fries can only be in the heater for X-number of minutes before they're thrown away. (McDonald's has even determined how much salt should be sprinkled on the fries and have developed a shaker that disburses a pre-determined amount.)

And what does McDonald's do when you want a soft drink? The counter person places the cup under the dispenser, pushes the small, medium, or large button, and the proper amount of liquid flows into the cup. No muss, no fuss, and no waste.

Each step in every process is itemized in detail, enabling McDonald's to hire high school kids to do all the jobs.

Let me ask you a few questions about your business:

* Do you have a complete script that your people are to follow when they get on the phone?
* Do you have a complete list of Power Questions that MUST be asked of every prospect?
* Do you have a standard proposal that is used by everybody?
* Do you have a script for incoming calls? How do you want people to answer your telephone? What should the caller be told when he is put on hold?
* Do you have standardized procedures for processing orders? Handling complaints? Processing returns?
* Do you have standardized calculations for bonuses, commissions, overrides, and your other compensation programs?
* What processes and procedures does your bookkeeping, accounting, or finance department follow?
* Do you have a corporate dress code? How do you want your employees to look when they visit with customers and prospects. (The NFL just banned the wearing of bandanas because they didn't conform with the player's uniform.)

You're probably asking yourself: "Where is Jeff going with this?"

The reason you need to have standardized processes and procedures is that once you have them you can make changes, modifications & improvements to make them better.

When everything is improvised, you don't have a methodology of keeping track of what works and what doesn't, because you don't do anything the same way twice. 

But when you do have a set methodology it's easy to tinker with the process to see if you can get better results and/or performance.

Look at everything you do and see how you can standardize. Then you'll be able to start making small changes and improvements that can have dramatic impact on your sales, performance, and income.

This article was submitted by Jeffrey Mayer.

Provided courtesy of  Jim Rohn International

Contact Us

Disclosure

OneSource Wealth Advisors is a registered investment adviser located in Vero Beach FL OneSource Wealth Advisors may only transact business in those states in which it is registered or qualifies for an exemption or exclusion from registration requirements. OneSource Wealth Advisors web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of OneSource Wealth Advisors web site on the Internet should not be construed by any consumer and/or prospective client as OneSource Wealth Advisors solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by OneSource Wealth Advisors with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of OneSource Wealth Advisors, please contact the state securities regulators for those states in which OneSource Wealth Advisors maintains a registration filing. A copy of OneSource Wealth Advisors current written disclosure statement discussing OneSource Wealth Advisors business operations, services, and fees is available at the SEC investment adviser public information website www.adviserinfo.sec.gov or from OneSource Wealth Advisors upon written request. OneSource Wealth Advisors does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to OneSource Wealth Advisors web site or incorporated herein and takes no responsibility therefor. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

This website and information are provided for guidance and information purposes only.  Investments involve risk and unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy.  This website and information are not intended to provide investment, tax, or legal advice.

Insurance products and services are offered and sold through OneSource Financial Group and individually licensed and appointed insurance agents.

FINRA is located at www.finra.org. SIPC is located at www.sipc.org.