Business Partner blueprint

  This is the second part in my series on the 10-core business processes every business must have. In order to move from a lifestyle business to a legacy business, you need to be competent in all 10 core business processes. These are must-do things. You don't have to have them to make money, but if you're building a legacy business, these are the 10 that you really and truly need to focus on. They will position your business where you have the most in common with the 500 largest companies in the world. If you get these 10 processes right, it's going to be obvious to anybody with whom you speak that you're ready to do business, that you're ready to play, you're ready to get in and win the game. Today I’m going to focus on process number two -- which is employee development and satisfaction.     You might be sitting there thinking, “What? Look, I just don't have the revenue coming in right now. You know, I just don't have a large enough team. I don't...

  Due to the comments and interest generated by the previous blog “Do You Have a Primadonna Business?”, I'm starting a new series discussing the 10 core business processes that you need to have in place -- and walking through them individually. First, why are the 10 core business processes important? They're important because they speak volumes about the sophistication and maturity that you've implemented in your business: not necessarily maturity in terms of the number of years, but maturity with regard to your fundamental understanding of what it takes to have sustained performance, sustained growth, and sustained ability to deliver a consistent product and service. The issue that you run into without these 10 core business processes is that you are clearly operating at a high degree of risk for your business, which means that for any corporation looking to do business with you, you are also transferring that risk to them. And the first thing you have to understand abou...