Tuesday, July 31, 2018

Processes are Key to any Business


Every entrepreneur’s vision is to get to a point where their business venture can function effectively with or without their input. It is only that way the business can truly grow and expand. Failure to set processes will lead to low revenue, few happy customers, stressed employees and slow growth. One way for business structuring to work effectively is to have and implement processes in every part or department in the business.


Most entrepreneurs with prior sound professional work experience in larger organizations will easily implement and work with processes in their business. Working effectively with processes is the practice of most large organizations globally. It sets the quality of structure, expansion and general goals to achieve in the business.

Business processes is simply laying down multiple linked tasks/steps/activities that will result in delivery of a product, service or business goal. These tasks/steps/activities will guide anyone within an organization that is in line with the vision and mission to achieve an organization’s overall goal.

Processes can range from production, to customer complaints resolution, to client’s management system and to some other simple working practices. You know how it’s important to write down the business vision and goals? It is also important to write down processes with concise steps towards achieving them.

Customers love consistency and the only way to be consistent is to have smart written-out processes and to ensure that every team member works according to these processes. Any customer will be won with repeated excellent service/product over time. That is why KFC’s chicken tastes relatively the same in their over 20,000 branches, all over the world.

Standardizing processes and measuring the performance is a blessing. Leave no single task without a process from start to completion. Something as simple greetings or how to dispatch a delivery order. Businesses in the manufacturing sector must take extra measures in standardizing their processes to achieve the desired products every time and minimize waste.

Receiving orders, invoicing, shipping products, updating customer information, or setting a marketing budget etc. can all be put into perspective. A simple break down of the process of receiving orders for delivery via phone call can be: Greet the customer, ask and record what they would like to order, record the delivery details (address, phone number etc.), inform them about the expected time of delivery and finally, express gratitude to them for ordering. This is a simple order-receiving process template and it can vary from one business to the other.

All employees from the directors to the janitors must be in line with the vision, goals, structure and processes of the business. Everyone must be ready to work hand in hand and work with the processes of the business to achieve these goals. Introduce everyone to these processes through trainings, continuous engagement and ensure that all processes are documented for continuous referrals.

Imagine a standard salon with about ten employees, for every item or service price, someone has to run somewhere to get the price from business owner. A simple pricing process should be thought out, that would enable employees tell the pricing without having to find the business owner.

Calling a Lingerie business to get the store address and the business owner says she will call back because she is at her child’s PTA meeting. Whereas, she has an English-speaking store attendant that she doesn’t trust to handle the phone lines. The store attendant can be enabled with a simple customer service process to handle the phone lines.

There are mostly upsides to having well thought out structured processes in a business. When properly practiced, processes can check waste with the use of raw materials in a manufacturing business. It can make room for effective management of human resources and machinery. It can effectively control time management.

It is not enough to have processes, you have to set up checks and balances along every step. For example, if the steps aren’t followed, what would give? Who checks that it was followed and who balances who? The use of Key Performance Indicators (KPIs) can be used to measure the performance of team members. By setting these KPIs, you can enable the team to make smart decisions and follow the processes laid down. Do not cut corners in any step as it would give room for team members to drift away from the processes outlined.

Building processes takes the most diligent approach, research and time. The goal is to have realistic workable processes for your business and update with any internal or external changes from time to time. With this and other things put in place, you are set to build a rock-solid business.

Culled from Guardian News

Monday, July 30, 2018

Unemployment, high cost of living, major problems – NBS

The major problems in the country currently are unemployment and high cost of living, the National Bureau of Statistics has said.

According to the bureau, most Nigerians believe that if the government can tackle the high rate of joblessness across the country, the other problems will be significantly reduced.

Presenting key findings from the National Corruption Survey, entitled: ‘Corruption in Nigeria’, which was conducted by the bureau in conjunction with other agencies of government, at a corruption summit organised by Youth Alive Foundation in Abuja on Wednesday, the Director, Real Sector and Household Statistics, NBS, Isiaka Olanrewaju, stated that surprisingly, corruption did not emerge as the country’s major problem.

He said after the bureau conducted a survey on the percentage of Nigeria’s population who considered selected issues that were the most important problems affecting the country, it was discovered that unemployment was number one.

Olanrewaju noted, “Apart from talking about the issue of bribery and corruption, we also had peoples’ opinion on what they think is the major problem in Nigeria. And when we arranged them in order of mention, unemployment emerged as number one.

“This is followed by high cost of living, and corruption came third.”

Culled from PUNCH.

A brief Summary of Dale Carnegie’s How to Win Friends and Influence People.

Below is a brief Summary of Dale Carnegie’s How to Win Friends and Influence People.

Techniques in Handling People

  • Don’t criticize, condemn or complain.
  • Give honest and sincere appreciation.
  • Arouse in the other person an eager want.
  • Six ways to make people like you


Become genuinely interested in other people.

  • Smile.
  • Remember that a person’s name is to that person the sweetest and most important sound in any language.
  • Be a good listener. Encourage others to talk about themselves.
  • Talk in terms of the other person’s interests.
  • Make the other person feel important – and do it sincerely.

Win people to your way of thinking

  • The only way to get the best of an argument is to avoid it.
  • Show respect for the other person’s opinions. Never say, “You’re wrong.”
  • If you are wrong, admit it quickly and emphatically.
  • Begin in a friendly way.
  • Get the other person saying “yes, yes” immediately.
  • Let the other person do a great deal of the talking.
  • Let the other person feel that the idea is his or hers.
  • Try honestly to see things from the other person’s point of view.
  • Be sympathetic with the other person’s ideas and desires.
  • Appeal to the nobler motives.
  • Dramatize your ideas.
  • Throw down a challenge.


Be a Leader: How to Change People Without Giving Offense or Arousing Resentment

  • Begin with praise and honest appreciation.
  • Call attention to people’s mistakes indirectly.
  • Talk about your own mistakes before criticizing the other person.
  • Ask questions instead of giving direct orders.
  • Let the other person save face.
  • Praise the slightest improvement and praise every improvement. Be “hearty in your approbation and lavish in your praise.”
  • Give the other person a fine reputation to live up to.
  • Use encouragement. Make the fault seem easy to correct.
  • Make the other person happy about doing the thing you suggest.

On criticism

Criticism is futile because it puts a person on the defensive and usually makes him strive to justify himself. Criticism is dangerous, because it wounds a person’s precious pride, hurts his sense of importance, and arouses resentment. Any fool can criticize, condemn and complain and most fools do. But it takes character and self-control to be understanding and forgiving.

That reminds me of this famous quote by Thomas Carlyle: “A great man shows his greatness by the way he treats little men.”

On dealing with people

When dealing with people, let us remember we are not dealing with creatures of logic. We are dealing with creatures of emotion, creatures bristling with prejudices and motivated by pride and vanity.

On influence

The only way on earth to influence other people is to talk about what they want and show them how to get it.

On the secret of success

If there is any one secret of success, it lies in the ability to get the other person’s point of view and see things from that person’s angle as well as from your own.

The Market of Hope

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