We speak to business owners every day. The one thing that they tend to say is: ‘I need another me’. Well, we can’t provide another you. What we can do is distil what you do into small steps that any reasonably intelligent person can follow. This means that others can replicate your process.
Businesses need to be able to scale. Without process management scaling can be horrendous. Let’s look at one of the most scalable businesses in the world: McDonald’s scales very well... Why? Because they detail every part of their processes to the nth degree. This gives them the magic word for scaling: ‘Repeatability’.
When companies look at their exit strategy they inevitably value their business incorrectly. If they have processes in place that are repeatable and scalable then their business is simply worth more. This is because they don’t have to be there for the business to function.