How to Anticipate the Operational Needs of Your Business!
May 4th 2021
How to Anticipate the Operational Needs of Your Business! Anticipating the operational needs of your business will set you up for success and reduce the risk of surprise issues and expenses popping up out of the blue! When beginning a business, your first thought might be to focus solely on the products that you're going to sell, and who your target consumer base will be. While this is a very important area of your business to consider, there's a further step you can take here to better prepare your business for success. Keep reading for some helpful tips on how to do this...
Asking yourself how the business will operate is equally as important as deciding what you will be selling and who you will aim to sell your products/services to. Figuring out the answers to questions like:
- Will you need delivery for your products?
- Do you have the capacity to deliver products internally or will you need to hire out to do this?
- Will you need a dedicated team member for customer support regarding shipments/product questions?
- Will you need any special kind of POS system?
- How many employees will be needed to manage the things you aren't able to/don't know how to do?
... are all great places to begin. Even with small businesses, these roles need to be thought about and planned out beforehand to stop you from missing out on potential revenue opportunities.
Try out online resources like ondeck.ca, which has lots of information on building a solid foundation for your small business. By just typing "operations" into their resource centre search bar, there's a ton of information available to get you thinking about this topic. Start by making a checklist of what you will need to put into your business' operations and then create a plan from the checklist that you have personalized to your business.
Want to know more about creating a plan for your business that you will be excited about? Check out our earlier blog post on that topic here!