You can save a lot of time and money with the right systems and processes in place and Alex is talking to John Foster of The Business Systems People who specialises in designing and building effective systems for companies.
He talks to Alex about his journey, new book, the hierarchy of documents and why everyone needs to have the right systems in place to be able to run their businesses effectively and achieve optimum success.
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KEY TAKEAWAYS
Businesses always want information before making a decision but often taking a step back and asking does this align with my goals is a better way it can be as simple as if the decision aligns then move forward.
Make a decision and move forward tweaking it as you move forward.
Everyone should have a hierarchy of documents which create the basis of a successful system.
Whatever your business you need policies – beginning with your ethics and quality policy.
There must be a business manual – an overview of how the business works and individual responsibilities.
Each process requires documentation and its vital to also have a policy that is an overview of the policies.
Standard operating procedures are the documentation that explain how to do something and mean that a process can be undertaken by anyone within the business. It’s the ‘how-to’ document.
Records are the documents you need to keep – there are statutory time periods that some documents must be kept as part of your records.
You can lose money if you don’t put in systems that can be standardised.
The longer you leave setting up systems the harder it becomes.
BEST MOMENTS
‘How you communicate with others is vital in the building of effective systems’
‘If communication is open you will gain a better understanding of how the work is progressing’
‘It’s a story that takes you on a journey learning how to start in property and includes documentation and systems that you can put in place’
VALUABLE RESOURCES
Business, Wealth and Mindset podcast series
john@thebusinesssystemspeople.co.uk
ABOUT THE HOST
Alex is a prize-winning chartered accountant with experience in financial markets from trading finance, capital hedging, structural foreign exchange and interest rates to operational risk from the world’s top financial and advisory institutions including Deloitte, RBS and JPMorgan Chase
Alex has been involved in property development programmes across different types since 2008, building and managing a portfolio that includes standard buy-to-lets, student accommodation and other houses in multiple occupancy (HMOs).
He specialises in raising finance, providing potential investors, investors and joint venture partners with ad hoc (to their specific requirements), hands-free and hassle-free property investments solutions as well as coaching and mentoring
Alex aspires to share business and financial knowledge with upcoming entrepreneurs and experienced business minds to learn and master the concepts and mindsets required to succeed, stand-out, have the edge and make a difference.
Alex is also a keen traveller, cyclist and photographer.
CONTACT METHOD
Facebook
https://www.facebook.com/alexsapalaofficial/
Twitter - @alex_sapala
https://twitter.com/alex_sapala
You Tube
https://www.youtube.com/channel/UCgZ1DCPGAu5c2yhOkfGZRSQ
