Balance Your Score Card With Victory Not More Inter-Office Business FormsLance Winslow
November 15, 2011 — 917 views
Well yes, we hear a lot about the "Balanced Scorecard" and there are some very famous Harvard business professors who have written many books, and done much research on this topic. They believe that a balanced scorecard is the right approach to maximizing the efficiency of any business small, medium, or large. They have empirical data proving this, and yes you'll need the data in your business to use these strategies and make it all work.
You'll not only need that data and business information, but you will also need a foundation of knowledge, and reality-based set of observations in your company. And I would submit to you that your focus should not only be to balance your scorecard, but to be victorious in the marketplace, to gain market share, to increase sales, and to win the game. Yes I'm referring to victory. And victory to a small business person is having a cash flow, the capital, and the wherewithal to propel your team forward in the market.
Still, I can tell you this, you can't get from here to there by making your business more bureaucratic, or putting up more rules, and demanding more forms within your organization, or from your vendors and customers. In fact, you need to streamline your organization, get rid of the bureaucracy, and take all that balanced scorecard on how to make your business more efficient with a grain of salt, because you know your business better than anyone else, at least I hope you do. If you want to increase your business workflow, then you need to streamline your organization, and keep it simple, don't be stupid.
Go for the win, go to the victory, and don't turn your small business into a bureaucratic nightmare, like we have in Washington DC. Obviously they can't balance their budget, and they borrow 40% of everything they spend. If you ran your business like that with all the abundance of forms that the federal government has, then you would be out of business tomorrow. You need to do what works, and you know best, not some Harvard business professor who has written 25 books, a good many of them textbooks, which are stuck in a classroom somewhere.
Let's not forget the reality. You are in business to make money, not push paper work around the office, round and round. Consider if you will all the challenges in your business with all the forms you have to fill out from your bank, the government, the local municipality, and all the licenses, rules, and regulations that take up all your time. That is slowing you down and preventing you from making money.
Why would you add more and more forms in your own organization and assume that in doing so you will make more money, because you will have a better understanding of where you are at, while pursuing the elusive balanced scorecard - doubtful. Indeed I hope you will please consider all this and think on it.
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Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank. Lance Winslow believes writing 24,500 articles by August 24th or 25th will be difficult because all the letters on his keyboard are now worn off now..