DecaMillionaire Decoded The Operating Elements of a Service Business
In episode 114 of Financially Simple, Justin begins to look at the process of building Operations for Maximum Growth.
To effect growth in your Business, having well managed Operating Systems is a must no matter how big or small the company - even the smallest improvement to the management of a process will yield positive results. Justin goes over the various elements of Operations management and their systems.
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ARTICLE TRANSCRIPT: BLOG: Operational Steps Service-Based Businesses Should Take
TIME INDEX:
00:46 - The Operating Elements of a Service Business
01:14 - What is a Service Business?
01:56 - The Master Blueprint
03:29 - Design & Engineering
05:09 - Account and Order Management
06:10 - Project and Production Management
06:56 - Procurement
07:48 - Materials and Inventory Management
08:42 - Facilities Management
09:11 - Tools and Tech
09:45 - Resourcing
10:56 - Quality and Risk Management
11:59 - Field Operations
12:40 - Distribution
13:44 - Packaging
14:05 - Work on Your Business, Not in Your Business
15:43 - Managerial Systems
16:40 - Customer Service
19:11 - Management Reporting
19:49 - Master Data
20:23 - IT
21:05 - Talent Training
21:20 - Closing
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BIO:
Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute’s Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast’s guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast’s hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
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