Oct 06

An Overview by Oleksiy Nesterenko on Operational Excellence Deployment

Between operations, merchandising, marketing and facility upkeep, retail business owners have their hands full. Managing the details of retail is the difference between making it or not. All too often, retail owners become lax in their operation and put themselves at an unnecessary disadvantage with their customers. It may seem elementary, yet so many retailers miss the little things – the details that customers notice. They miss the chance to be operational excellent.

Coming on Macro level; within today’s globe leading businesses is concentrating beyond operational improvement in order to innovations over the organization. Lean 6 Sigma offers evolved from as being a tool dependent cost optimization initiative to some strategic effort that businesses are adopting to produce innovation inside their value string processes. Lean 6 Sigma as well as lean change is assisting companies in order to define operational capability inside their organization to produce competitive benefit over their own competitors.

 

The quest for operational excellence is really a journey which creates power to help business to set up realistic strategy better than their own competitors by concentrating on value-stream procedures, organizational techniques, organization framework, talent as well as culture. Successful organization concentrates on achieving operational excellence through creating organizational capability to learn, problem and resolve problems. Including not only the data creation, however the culture associated with knowledge discussing, benchmarking, danger taking as well as talent administration.

 

At delivery level operational excellence has been used through companies like a systematic management to enhance performance throughout new item development, value-stream, decreasing cost, conference customer needs, energy preserving, asset efficiency, environment administration, employee safety and health. Within the actual gamut associated with operational quality we tackle strategy deployment, continuous enhancement using six sigma as well as lean management and provide chain procedure optimization.

 

Oleksiy Nesterenko suggests that to achieve success in operational excellence deployment organizations need to address the actual human facet of change as well as create the best leadership behaviors inside the organization. There needs to be a powerful top lower sponsorship in order to align the actual deployment initiative using the company lifestyle.

 

Starting a good Operational Quality Program:

To set up Operational Quality successfully inside a cost-effective method, it is essential to start by base lining present processes as well as metrics. Our Procedures Review assesses the company infrastructure and also the performance from the key company processes, analyses the actual operational efficiency from the organization as well as identifies possible opportunities for cost savings, productivity enhancement, quality as well as service improvement. The review provides the client:

  • An impartial view associated with business procedures and effectiveness levels.
  • Identified possibilities for substantial cost decrease.
  • Highlights upon where customer service as well as productivity could be improved.
  • Validation upon all facets of operations towards strategic intention.
  • Identification from the operational risks to the present business.

 

Continue: Selecting tasks for quick results:

The actual Operations Evaluation will determine key places requiring operational and procedure improvement. Companies will move ahead by completing an in depth breakdown associated with specific measures and projects to provide the financial savings and effectiveness gains. The described improvement projects try to be thin enough to enable them to be finished within 6 in order to 12 several weeks (and frequently much less), and hence have the ability to demonstrate earlier success to all of those other business.

 

Summary of the overall Deployment Providers:

  • Operations Technique Development
  • Change Administration Strategy Improvement
  • Operational Quality Deployment Technique and Execution
  • Operational Quality Training Technique, Design as well as Delivery
  • Operational Quality Implementation Preparing and Delivery
  • Operational Quality Program Administration
  • Operational Company Reviews or Operations Research
  • Business as well as Operations base lining
  • Detailed Procedure and Value-Stream Mapping
  • Operational Enhancement and Price Reduction Id
  • Business Overall performance Measurement
  • Project Choice, Management as well as Execution.

 

Oleksiy Nesterenko is a startup consultant and has delivered his services for Operational improvement of much business. Mr. Oleksiy assists clients adapt prudent financial discipline and efficient operational processes, clear up the fog with respect to their business strategy, and bring clarity and structure to their approach. Oleksiy Nesterenko Startup Finance keeps the buzzwords out, and helps clients understand the intricacies of financial aspects of their businesses in plain, easy to understand English.

For more details please visit: http://oleksiynesterenko.strikingly.com/

Sep 20

Know you’re Priorities, Before You Choose a Business to Start

The big question for most people hoping to work for themselves is “What’s the best business for me to start?” There are many right answers to this question, depending on your own circumstances and desires. Oleksiy Nesterenko says that before you even begin to select the right business idea, it is critical to define exactly why you are going out on your own. These reasons will make some business types better than others, and will eliminate some completely.

The primary factors to consider first are time, money, and work, and what you are looking for in terms of self-employment. For some, the idea of having more time to do other things is more important than how much they make. For others, putting in ridiculous hours of work is worth it if the payoff is there. It is important to be realistic — there is NO startup that will make you rich this year while you spend your days golfing. There just isn’t.

 

What Are Your Priorities?

As a first step, write out what you want your life to look like once your business is off the ground. If you are having trouble, try describing a typical week — when you will work, what else you will do, and the like. Review this vision to identify what you will need to get there. Is a high income necessary or will less do for you? Can you commit 60+ hours per week, every week, to a business without burning out? Should your work schedule be flexible or set? Decide which areas are absolute musts and which you might be willing to compromise. This may seem pedantic, but it is absolutely critical to know what you want out of working for yourself.

 

Which Businesses Fit Your Priorities?

Once you have a good idea of your own priorities, selecting the right business for you is a much easier process. If you are looking for extra time to pursue hobbies, spend with the family, etc., a retail storefront is out of the question. Instead, consider online-based retail or informational products that you can manage and run from home, at any hour of the day. If your priority is to increase your personal wealth, select a business idea that has a relatively high rate of return and can be expanded, and get ready to put in the hours, cash, and work to grow your company. If you are simply looking for autonomy and a job you enjoy, well, choosing the right business shouldn’t be a problem at all. If happiness at work is your number one priority, take Oprah’s advice and follow your passion.

 

There is a Business for You!

There are all kinds of amazing business opportunities to fit all kinds of aspirations. The key to finding the best venture for you is to clarify your reasons for launching your own business and realistically assess the types of business that will meet those objectives. Be realistic about what can be achieved…even the best rags to riches stories don’t happen overnight. In fact, more often than not, there are episodes of destitution and bankruptcy in the histories of those who have pulled up the bootstraps to succeed!

 

If you are on the line of starting a business you can consult Oleksiy Nesterenko Startup Finance, a Startup Consultancy that provides the needed financial and strategic insight that enables businesses to thrive. The firm is qualified and equipped to assess your business and all of its needs before you have to make any important decisions.
To read more please click here

Sep 13

Top 7 Myths about Starting a Business

Myths

7. It Is All Dependent on Hard Work. Hard work is an absolutely necessary, but not sufficient, condition for starting and growing a business. It is the given, but without a solid business plan and compelling value proposition for customers and partners, all of the hard work in the world will be for naught. The world is filled with over-worked, over-stressed, and not terrible successful small business people who struggle not because of lack of appropriate effort, but rather for lack of appropriate planning.

 

6. If Your Product or Service is compelling Enough, Customers Will Beat a Path to your Door. Unless you are building a business based upon intellectual property and/or technology that provides and creates such a competitive advantage and compelling customer value proposition, the early success of your business will be based as much on your ability to market and sell your product and service as it will on the product or service offering itself. Remember: in a capitalistic marketplace there is NO distinction between value and perceived value.

 

5. If Your Product or Service is compelling Enough, Investors Will Beat a Path to your Door. Those that identify themselves as prospective investors in earlier-stage, small companies are mostly INUNDATED with investment opportunities. As such, no matter how good and unique your business opportunity, there is always a strong, initial prejudice AGAINST investment that needs to be overcome.

 

4. It Is All About You. The myth of the charismatic, “do and be everything” entrepreneur is just that — a myth. Any and all companies of value are great teams much more than they are the by-product of a highly talented individual. The best entrepreneurs and business leaders inspire the mission, values and philosophy of a company by their own example. This inspiration is then communicated to all of the business’ stakeholders — employees, customers, investors, partners, vendors, and its wider community.

 

3. The Government Is Your Friend. We are constantly astounded by the regulatory and paperwork maze that a startup company needs to negotiate and constantly monitor to both start and maintain a business. It is a significant time, money, and energy drain that detracts from the main value creation intent of a new business. Our best advice in this regard — as resources are available — is to find competent legal and accounting counsel, to both advise upon and outsource the regulatory burden, so you can focus on business-building.

 

2. The Government Is Your Enemy. Having said the above, in the mixed economy in which we live, government revenue opportunities, on a local, state, federal, and international level, have never been greater for small business. While slow, meandering, and confusing to approach, governments have much to recommend them as clients and customers, not the least of which is that once sold, government clients pay well and are not bad debt risks. A somewhat trite but very important credo to remember when selling to governments, even more so than in business, is that “it is not as much what you know but who you know.”

 

1. It Is Only Worth Doing If You Become the Next Google. The vast majority of small businesses will always remain just that — small businesses. The odds of starting a business and have it become the next Google or a publicly-traded company are very, very small. While we would never discourage entrepreneurs for aiming for the stars, it is also important to have success metrics grounded in probability. An expectation of a minimum of 2years of very, very hard work with little financial return but with a lot of learning (and some fun hopefully as well) involved is a good starting point. From this first milestone, then and only then should there start to be an expectation of significant wealth-building. Find that balance between the long term vision and the Monday morning action plan — and success, while not guaranteed, is very likely.

 

Oleksiy Nesterenko is a professional startup consultant offering over 9 years of experience across multiple areas of business including financial planning and analysis, capital raising, corporate finance, business strategy development, and M&A. Allow Oleksiy Nesterenko Startup Consulting to hold your hand as you enter into this new world of success and achievement. Allow him to advise you and to assist you every step of the way.

To read more, please click here!

Sep 07

Starting a Small Business? Should You Keep Your Day Job?

Oleksiy Nesterenko: To work or not to work during startup…that’s a tough question for many entrepreneurs. There are two primary pulls either way — a full-time startup gets your full attention and shortens the time to making money, but working during startup keeps the bills paid and provides a back-up plan for the risk of going out on your own. The best option for you depends on a number of factors, and with either method it is essential that you manage your time and money effectively.

 

Business Type

The type of business you are planning to start is the first consideration in whether to launch full-time or part-time. There are some ventures that require you to be available during the standard workweek — 9 to 5, Monday through Friday. If your current job includes these hours, it may be impossible to get your business off the ground. The best option in those cases is to develop a complete plan for your business while still employed, including a full marketing plan, budget, and beginning to network. The more developed your business idea, the more clear it will be when the best time to commit full-time will be.

 

Available Capital

The amount of capital you have for your startup is another critical factor. If you haven’t developed a full startup budget yet, do so before you quit your day job. Startup costs are easy to underestimate, especially without working through the details of the business idea. In addition to the actual startup costs, you will need enough cash to keep your personal bills covered. Often, entrepreneurs discover the hard way that the few thousand they thought would be sufficient disappears rapidly once work starts on the business…and they end up going back to work anyway. Mr. Oleksiy Nesterenko suggests setting a realistic budget based on a realistic time frame for getting the venture off the ground before you commit to full-time entrepreneur status.

 

If You Decide to Start Part Time

If you do decide to keep a job while working on your business, your first priority is to get organized. You will have to master time and task management in order to make reasonable progress on your business idea. The odds are that your work hours aren’t the only time consumers on your schedule, so it is critical to establish dedicated blocks of time to focus on your startup. Eliminate as many time killers as possible and consider getting up a few hours earlier or staying up a few hours later to get the venture going.

 

Do not even consider using your time on another job to work on your startup. In the first place, it is disrespectful and probably a terminable offense. You won’t want your employees working on outside interests on your time, so you shouldn’t either. In the second place, most professional jobs include provisions within the employment contract that deem all of your work product as owned by the company. Thus, if you create a new or innovative product or service using company assets (even your work computer), they may well have a legitimate lawsuit regarding the rights to your ideas.

 

If You Decide to Start Full Time

If you decide to quit your job and go after your startup full-time, you still need to take control of your time. Especially if you are working from home, it is very easy to be distracted from the business by daily chores, projects that have been awaiting your attention, even the television. Set yourself a clear work schedule and organize your time as you would if you were working for someone else. Your startup will have to be your priority if you are going to succeed, so expect to commit more hours to the venture than any other job. In fact, the average business owner works 65 or more hours per week, and that’s after the startup period!

Also read: No Matter When You Plan to Start a Business, Save NOW For Startup