Entrepreneurship

Get Your 4Ps Right, Business Will Then Start To Scale

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Plan, Product, People and Process.

CHINESE has this saying, 有好的计划就是成功了一半. It simply means you will be half way to Success if you have a good Plan. Execution is easy, doing a comprehensive Plan is the tough part.

Ensure you have a Product which people want and will keep coming back for more. Create the demand is key. Be different in your Product.

Nothing gets Done until People gets it done. Surround yourself with Dependable People to be sustainable first, then scalable. No business owner is a Superman who is able to do everything himself or herself.

Put in place a Process or workflow. From Customer Order-To-Cash, from Procure-To-Pay, Expense Incurrence, Hiring Process and lastly Capital Expenditure process. Have a set of SOPs to cater to different Processes to ensure Consistency and Controls.

Continuously improve these 4 Ps in constant iterations and Improvements, day after day, year after year. Your business can only get better and better.

Try it, good luck!

If you need help, feel free to contact us at :

(O) +65 63851011

(M) +65 90880669

(E) [email protected]

www.corporatebackoffice.com.sg

Written by Kelvin Loh