Having the Right People with the Right Process and Product Produces a Successful Business for Long Term
Behind every business, whether it’s a global corporation or a local business just starting to make it out on the world, is a combination and collaboration of talents. Each employee is uniquely capable of performing their job which requires a significant amount of knowledge or expertise about the tasks. Only a few and rare instances can a person handle every operation in a business.
Having capital is an essential start-up for a business. But the operation and demand on the business to boom lies in the right organization of the process and high-quality of the products to satisfy the needs and meet the expectations of the customers. All this is possible if you hire the right people for the job.
3 P’s as the Key for a Long Term Success for Business
In business, there are 3 P’s that you need to manage to be successful, and those 3 P’s include people, process, and product.
People
Whether you go as a solopreneur or a digital nomad, people will always be an integral part of your business. Naturally, when we say “people” in business, we initially think that it refers to your employees—whether they be in-office workers or remote freelancers. But it also applies to all other relationships that you have to manage smoothly. The groups that contribute largely to the success of the business are consist of:
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Employees
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Customers
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Vendors
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Suppliers
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Advisers
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Investors
Putting the “right” people is effective while putting the “wrong” people can destroy it. In choosing the right employee, it takes more than high grades for someone to qualify for the job role. Knowing the customers and choosing the right partners to serve those customers are as much as important as hiring the best people to do the tasks for the daily operation.
Being the most important element in managing, as a business owner, you have to learn and assess the people inside your business, not just your employee, because they are the ones who will make the business possible to produce actual results in the first place.
Process
How well does an organization create and carry out the processes? If an organization has engaged the right people, meaningful processes are the second factor required for performance. But it should not be more complicated than the first. Assume that you’re in the publishing industry. The processes that lead to the conversion of outlines into manuscripts into copies have a major impact on how effectively and efficiently books are produced.
This method is so important. Processes are the steps you will take to execute a task, such as sales presentations, marketing, service delivery, or customer service. In general concept, the process is the action that needs to take place in your business to perform the desired function.
No matter how big or small a business is, it will always require myriad processes, include:
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Making a sale presentation
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Designing the product
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Creating the product
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Sending out orders
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Keeping track of supplies on hand
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Answering phone inquiries
Good execution of the process, or the game plan, if you want to call it that way, will benefit the efficiency and quality of the final product.
Product
Your product is what you offer to people. It could be an item or tangible things or a professional service that enhances the quality of how people live. The product is the result of the talent people put together to execute a proper process.
Any advertisement or marketing strategy will not work if it is for a bad product. Believing in the importance of your product is the start of creating a brand that people will like. Try asking your targeted customers what could be improved in the present condition of the product you offer. After all, for customers to do the purchase is the goal of a business.
Keep the Success Last
Keeping the success takes good management and a never-ending desire for improvement. With the 3 P’s mentioned above, your business will see a visible and meaningful result that will enhance the quality of life of the people involved in the business. As an owner, always remember as fundamentals in keeping a successful business the importance of 3 P’s and working them together. Take care of your People, Process, and Product, and see your business on top of the game.
