Managing a start-up company is coupled with a considerable amount of risk. Even if you are offering a great product or service, more often than not success can be a bit of a slippery slope. It is no surprise that a large number of start-up businesses end up failing within a few years of operation. There are several factors that can cause this. Some of these factors are poor management, lack of capital, lack of planning, and overexpansion.
How do you lessen the risk of failing in your start-up company?
You might think that process maps are only applicable for large companies or organisations. On the contrary, process maps are a valuable tool for any start-up business. Process mapping allows you to create a visual record of everything that goes on around the company. This will allow you to determine weak links and make the necessary improvements. Process maps need not be too complex. If it is too complex, then there is no point in adopting it in your business.
Here are four reasons why your start-up business needs process maps
Any small business can greatly benefit from using process maps to improve their business. Here is a detailed look at what process maps can do for you.
- With process maps, it is easier to train new employees. Time management is crucial for any small business. If you have a process map, you can write job descriptions in detail. You can use a process document to train the new employee. This does not require much supervision from you or any of your staff. It is easier to correct possible mistakes as well because you already have a process document to refer to.
- A process map helps you delegate tasks better. A small business owner oftentimes finds it difficult to delegate tasks to new employees. Chances are, you prefer to do things yourself in order to prevent mistakes. A good process map can give you the confidence to delegate tasks and know that it is being done the right way. A good process map should have SLA’s that your employees should meet. You can learn more at weareleanandagile.com about how to implement a process map.
- A process map helps employees collaborate and work together. Employees in your company will have a better understanding of their roles and responsibilities in relation to their co-employees. This gives them an awareness of how their tasks impact the tasks of the other members of the team. This helps them work better as a team.
- A process map can lead to further process improvements. A visual process map allows you to identify improvements that can be made to a specific process. This will help you save time and money. This will also prevent mistakes from being repeated.
Process maps need not be complicated or expensive. There are many available software options online you can purchase and use for your small business.