My Business Grows Bigger

Business production or operation is one of the most important function in business management. Like what I’ve said in the previous article, production is actually the life of the business. The simplest definition of its function is it is a process of converting materials and labor into products and services as competently as possible to maximize the profit of the business or company. For me, it is the behind the scenes. It is the procedure and preparation to deliver the highest level of efficiency in products or service. Below are the keys to a successful business operation or production. 1. Demand. The first thing to determine is the demand. How much do you need to produce and is the resources enough to meet the demand? This is where costing saving skill is necessary. You have to be creative as much as possible in your negotiation skill for your production cost to save a lot of money. Making sure that the production meets the demand is a number one factor that affects busine...

There are many ways to financial independence. You may maximize your savings, have insurance or the fastest way, invest in business. Choosing the latter to financial independence is the fastest way however, investing in business also has the biggest risk especially if you never really had a background of study about business management.  Although I believe that there’s a sales person in everyone, as we all buy and sell every day in different forms and degrees, I don’t underestimate the value of having a formal study of business management. In fact, I believe that learning the basics in business is important in polishing our business’ skills. Below is a diagram of business management that I created to help you in your own business management journey. I call this PIC MAP (Production, Inventory, Cash flow, Man Power, Approach and Promotion), a simple, easy to understand diagram in business management functions for your efficient and competitive performance in the world of busine...