In episode 6, our hosts, Lonnie Sciambi and Stan Simkins, also known respectively as “The Entrepreneur’s Yoda” and “The Family Biz Doc” will continue with the 5Ms, Manpower, Management Team, Marketing/Sales, Money, Machines and Systems and the overriding 6th M – Mindset, which drives the other 5.
In this session, they’ll talk about the last M – Machines and Systems and the role technology and process play in making a small business operate better and more efficiently…or not.
Machines and Systems covers a multitude of sins, but too many small business owners think about it in terms of technology. They’ll show you it’s not the technology but what you can best leverage to help your business. It’s taking the pain points like overly complex (or simplistic) procedures and operations and turning them into efficient systems that provide data that drives the business.
Additionally, they’ll show you how things like poor operator training and inefficient utilization of equipment often lead to a lack of quality that quickly becomes customer problems. Focusing on this last M with a “less is more” focus often provides you an environment that enables you to better utilize the data that the machines and systems provide, but also helps you to provide a higher quality product or service.
Please enjoy this session with your personal tour guides to business freedom, the dynamic duo of Stan Simkins and Lonnie Sciambi.
Find more resources and learn more about their monthly, 90-minute VIRTUAL roundtables at SBVirtualRoundtables.com
And feel free to shoot us an email at [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation.
Connect With Lonnie Sciambi
Website: www.thevalueforce.com
LinkedIn: www.linkedin.com/in/lonniesciambisprofile
Twitter: www.twitter.com/yodacanhelp
Connect with Stan Simkins
Website: www.CapitalFamilyBusiness.com