Standard Operating Procedures are the results of all the hard work we’ve been discussing over the past few weeks. Once you’ve set up your reporting rhythms and are confident of being able to measure how you’re doing on a regular basis, you can review your costs with Activity Based Costing; measure the value you are adding to the processes in your business through Value Stream Mapping; and eliminate the waste in your business through a focus on economy, efficiency and effectiveness. Then you can setup your standard operating procedures.
This final step will be the point at which you can step back from working in the business and really start to work on the business. This is the point when you will be ready for exponential growth.
