For any small business looking to achieve success, one element of critical importance is inventory management. In order to function properly, small businesses and large companies alike must have an efficient system that allows them to manage the movement and storage of goods. In a previous article, we shared some reasons why inventory management is important, but in today’s article, we are going to focus on how inventory management can help your small business in the long-term.
What does a productive working environment look like? If you were to closely examine the workspace in your small business, how would you be able to tell whether or not your team is performing at the highest level of productivity? Some of the best examples of productivity in a workspace actually come from nature.
There comes a time for every small business when either new standard operating procedures need to be introduced or specific issues within the team need to be addressed. Although some information on company guidelines and expectations can be passed to your staff through memos, one of the best ways to ensure that your team is completely on the same page is to facilitate internal workshops.
If you are the owner of a small business, you probably don’t need me to tell you that owning a business is not an easy job. Because small businesses typically have a staff of less than ten people, the owner is often forced to wear a number of different hats. For many business owners, this can prove to be very difficult
When it comes to manufacturing, determining the right process is everything. But developing the right process for each element of your small business is something that takes a lot of time and constant editing. Many people are familiar with the brand Toyota, but not many people know all of the changes the company’s manufacturing process had to undergo before it could become what it is today.