|
|
Like this article? PLEASE +1 it! |  |
|
Why Managing Waste is So Crucial in Your Biz
| Guest post by: Stefan Doering |
Article Overview: Waste not only leads to the loss of resources, but it also leads to the loss of customer trustworthiness. That is why one of the main focuses of any business should be to increase efficiency, while reducing waste. Here are some "efficient" tips.
 |
Free Download - Stuck Launching Your Business? By Stefan Doering |
Why Managing Waste is So Crucial in Your Biz
The oil spill is now
estimated to pouring up to 40 million barrels into the Gulf of Mexico. At
four times that of the 1989 Exxon Valdez spill in Alaska, this makes it the
worst environmental disaster in US history, and one of the worst oil spills in
the world.
This waste has already
cost BP over $45 billion as their stock price is now the lowest it’s been in
over two decades, dropping over 30% since the Gulf disaster began April 20th.
And that is only the
beginning.
In addition to
spending almost $1 billion, BP is facing up to another $14 billion in clean up
costs, according to managing director of ClearView Energy Partners’ Kevin
Book’s estimate in this week’s New York Times.
Not to mention the
150+ lawsuits already filed against BP and other various partners in the Gulf
spill, with legions more lawsuits to follow.
None of this, of
course, calculates the loss of consumer confidence in BP. Or trust.
We can only speculate the impact this will have on BP in the years to come.
No one will ever be
able to calculate all this waste generated by the Gulf oil spill. Wasted
energy, time, livelihoods, resources, biodiversity, productivity and
reputations are just a few that immediately come to mind.
“Waste is any measurable
cost that goes into our product [or service] that does not add value to our
customer, “ explains Ray
Anderson founder of multi-billion-dollar Interface, in his book Confessions
of a Radical Industrialist.
Where are you wasting
in your business?
I am willing to bet
there is a tremendous amount of waste going on in your business. In any
business, for that matter. All have an impact to everyone involved.
Where to look for
waste in your business:
•
Time—your and other people’s time. Where
you spend time vs. where you should to grow your business. For
example, e-mails, technology glitches, endless meetings, etc.
•
Energy—a) yours/your staff’s: wasted on
poorly planned and or executed business strategies, and b) environmental:
traveling to meetings (flying, driving, etc.) using fossil fuels instead of
using video conferences, lack of energy-efficiency in your office or production
process (see below), and so on.
•
Production—any materials you do not use and are
thrown away when making your product or performing your service.
Examples: “cuttings” from making your product, you end up throwing away
instead of reusing or repurposing. Or not having an efficient system for
servicing a client and taking too long to generate what they hired you to do.
•
Administration—lack of systems or structures to
keep the business moving smoothly. For example, incorrect billing, not
managing follow-throughs, delayed return phone calls, poorly managed
bookkeeping sales and expense forecasting and cash flow planning.
•
Marketing—missed opportunities in sales leads,
lack of sales and marketing plans and unnecessary marketing “collateral”
(brochures, business cards, handouts, etc.)
Here’s the thing about
waste: when managed effectively, you do way, way, WAY more than
reduce your carbon footprint. You reduce your expenses and most likely
increase your revenue. Substantially.
If you ever question
the impact of business-generated waste, just remember the impact of BP’s waste
in the Gulf of Mexico going on right now.
Action Steps for the
Week:
One of the biggest
areas for improvement in any business is looking for ways to increase
efficiencies and reduce wastes.
Take a look at your
business. Where are you wasting? Can’t find anything? You’re
not looking hard enough!
In Confessions of a
Radical Industrialist, Ray Anderson suggests the following:
•
How effective is your use of materials? In
a word, resource efficiency.
•
How much have you reduced your energy use,
especially non-renewable energy use (Editors Note: i.e. fossil fuels and
your time.)
•
How big a bite have you taken out of
nonproductive costs and activities, including administrative costs?
The more you look for inefficiencies,
the more you will see room for improvement. And more you see and start acting
on, the more you will want to improve.
If you do not find that to be the case,
five minutes with me on the phone and I’ll be happy to set you straight!
THE 2nd BIGGEST MARKETING WASTE
Effective Time Management Is the Key to Successful Home Business on the Internet
6 Reasons Why You Should Start Composting
Local Waste...... Local Renewable Energy
What are the 3 biggest challenges faced by supply chain/purchasing professionals today? (Survey Result 13)
Time Management Skills For Increased Productivity
Article # 35 Managing Your Time When You Have None
Article #47 7 Crucial Things Every Entreprenuer Should Know Before Starting An Online Business
The Coaching Imperative
Do You "Park and Pray"?
The Millionaire Mindset Part 4 of 4
Recycling in the Office shows good Leadership
Managing techies
Lesson #3: Be Efficient
Stop Managing the Pipeline, and Start Managing Your Sales Team.
Press Release - Think green! Print green!
6 step process to Lean Marketing
KATHRYN KATES' PHILOSOPHY OF PUBLIC RELATIONS
Easy Tips To Help Your Employees Whilst Managing Change
Single Parent Online Network Marketers Controlling Your Time The Basics Part Two
Article Tags: BP, business inefficiencies, cost of waste, Exxon Valdez oil spill, Gulf oil spill, managing resources, resource management, risk management, Stefan Doering, waste management, waste reduction
|
About the Author: Stefan Doering RSS for Stefan's articles - Visit Stefan's website 1) Innovating powerful green business models, 2) Crafting and implementing marketing and positioning strategies for bringing green to mainstream, and 3) Creating a consistently profitable and sustainable business. Click here to visit Stefan's website   What is the TRUE Cost of Being Reasonable 1 Strategy to Achieve Financial Success in Biz Five Steps to Keeping Ahead of the Pack How To Stay Focused On the Important Stuff A Clear Goal Creates Momentum |
Related Forum Posts
Re: Has anyone bought targetted visitors?
- I had the same experience Orxan had when buying guaranteed targeted traffic. Waste of money!
Re: HRPreneur
- Evan,
I am looking for new clients and to see if my business model resonates with Entrepreneurs.
Thanks
Joey Walters, CHRP, H.R.C.C.C.
Managing Director
HRPreneur Inc.
C. 647-534-4774
Re: Hello from Bangladesh
- Hello Kevin,
Thank you for replying back to my message.
There are many business goals for this year including but not limited to:
1. Managing long term partnership contracts from more clients.
2. Cross-border expansion - open our first overseas office at New York, USA.
3. Progressing smoothly to our road to CMMI certification.
4. Introduce a new service - call center operation.
Best Regards
Hasnaeen
Re: HRPreneur
- Evan,
I have a creative company designing my website. I provided all the content. I have developed a presentation I am using when I go see potential clients that has been working well. I have been using my network and LinkedIn to source clients. I have been targeting the industries that I have experience in, however HRPreneur can support any business from a strategic business HR perspective.
Joey Walters, CHRP, H.R.C.C.C.
Managing Director
HRPreneur Inc.
C. 647-534-4774
Why should I hire a virtual assistant for SEO purposes?
- Do you find it hard to find time for rest because of promoting your business or your website all by yourself? Well, perhaps it is the right time for you to hire the services of an SEO virtual assistant.
Virtual assistants for SEO services will help you on the process of improving your rankings within search engine results to achieve an increase in natural traffic. The higher your site in the search engine results page, the more traffic and sales conversions you will obtain.
Using the services of virtual assistants (VAs) certainly is the best method to move in order immediate results and in reduced operational charges. This provides a great answer especially for a small business owner whoever company is actually considerably expanding, and the jobs have normally doubled.
Here are some of the services that a virtual assistant can do for you:
Traffic Geyser
Main Street Marketing
Data Entry
Web Research
Market Samurai
Managing Facebook
Managing Twitter
SEO
Local Business Listing Robot
Traffic Revolution
Infusionsoft
Senuke
Angelas Banklink
Linkjuicer
Blogging
SMM
Virtual Assistant
Personal Assistant
Article Writing
Spinning Article
Press release
Email Response Handling
Online Order Processing
Word Processing
Forum/Comment Posting
Social Bookmarking
Video Editor
Internet Marketing
Email Marketing
Link Building
Powerpoint Presentations
Web Development
Other Administrative Support
Share this article with your friends. Fund someone's dream.
Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
by: 
Best Automated Forex Trading Strategy
Build Your List with Joint Venture Giveaway Events
May 2012 Top 100 Social Media Experts to Follow on Twitter
What to measure to be phenomenally successful in business
10 mistakes of media relations
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Looking for an Easy Online Business Opportunity?
Presenting Yourself With Impact at Work
Having It All... With No Sleep
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.