B101.6 - Business Best Practices |
Business Best Practices, often shortened to "Best Practices" refers to a system, process or behavior that generally or specifically represent an ideal solution for a given situation.
If three small business people who all owned bars for more than 20 years sat down to talk about business, we'd find that they'd all have a few systems, processes or behaviors that were in fact quite similar which they eventually developed after making a lot of errors and mistakes.
Best Practices are the inside secrets everyone really should want to know about business in general and their specific business before they get going. They can save you a TON of headaches and expensive lessons.
Best Practices lead to:
Consultants who are very experienced in a specific field FEEL they are worth A LOT OF MONEY once they've figured out Best Practices for a given situation.
The idea of "Best Practices" shared among peers runs parallel to the the idea of "it takes one to know one". In a simple way, Best Practices for a given business or situation are in fact the foundation for an informal brotherhood of folks who have attained some level of mastery. Often times we can recognize our business peers just by comparing notes on Best Practices.
This entire website could be summed up in a nutshell as being a summary sharing of Best Practices for Small Business people as viewed by the group who aggregated the information.
That said, you can view this content as simple suggestions for investigation or Best Practices, as you wish.
The more experience you get, the easier it is to recognize others with comparable experience, as the recognition of someone with shared best practices can happen in the blink of an eye.
If three small business people who all owned bars for more than 20 years sat down to talk about business, we'd find that they'd all have a few systems, processes or behaviors that were in fact quite similar which they eventually developed after making a lot of errors and mistakes.
- These "Best Practices" might be related hiring practices, or the way they inventory and monitor liquor, or the way they setup cash drawer close out process or the way they schedule for closings every night.
- These "Best Practices" might be related to when and how they define happy our times and pricing and when and how they handle live entertainment.
- These "Best Practices" might be related to any of the FAMMMIT/bELS related business categories and a single practice may in fact involve several of the core business categories in a single process.
Best Practices are the inside secrets everyone really should want to know about business in general and their specific business before they get going. They can save you a TON of headaches and expensive lessons.
Best Practices lead to:
- Optimum efficiency for a given situation
- Maximum profit for a given situation
- Minimized risk for a given situation
- Optimum balance for a given situation
- etc.. etc...
Consultants who are very experienced in a specific field FEEL they are worth A LOT OF MONEY once they've figured out Best Practices for a given situation.
- When they sell their expertise in an area, what they are actually selling is "Best Practices", or that's what they should be selling anyway.
- That said, be careful with them. If you assume the "Best Practices" they are selling are altruistic in nature or truthful for all circumstances, when in fact they only fit a more specific set of circumstances or someone with a different set of ethics one can be lead astray.
The idea of "Best Practices" shared among peers runs parallel to the the idea of "it takes one to know one". In a simple way, Best Practices for a given business or situation are in fact the foundation for an informal brotherhood of folks who have attained some level of mastery. Often times we can recognize our business peers just by comparing notes on Best Practices.
This entire website could be summed up in a nutshell as being a summary sharing of Best Practices for Small Business people as viewed by the group who aggregated the information.
That said, you can view this content as simple suggestions for investigation or Best Practices, as you wish.
The more experience you get, the easier it is to recognize others with comparable experience, as the recognition of someone with shared best practices can happen in the blink of an eye.