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Member You - Six Sigma and the Small or Home Based Business
Buying Or Selling A Small Business? Your Decisions Count gies.You must realize that a small business must grow. If the buyer or owner can't find a way to grow the business, it will go down the drain. On the other hand, if the business can show a history of growth, it can be sold for a tidy sum.Most owners want to grow their business, but few truly understand their financial statements and balance sheets. These documents contain many hidden guidelines that can direct the owner toward proper managem If you have stayed with me so far and you are scratching your head saying " what the hell is he talking about?" you are in with the majority of most CEOs and CFO's of many major corporations. In other words your are in good company. As I first stated this is first a business mindset. You need to get your team on board to implement any type of program which has a productivity component. Secondly you need to have guidance and direction from a trained sourc Shifting Goal Posts I'll admit the first time I heard the words "Six Sigma" I was a bit intimidated. I wasn't a stat major in college and although I had spent a lot of time around statisticians I never heard the words six sigma before. Major corporations in the manufacturing realm have adopted the six sigma culture for well over two decades and it has now filtered down to the services sector where the terminology has the same meaning but is applied to operational and non operational processes.If transport industry is a game of soccer, there are sure signs that the goal posts are shifting*. (Note: for better viewing experience with appropriate colour highlights, please refer to original article, url attached)Goalpost #1: Previous goal post (1996): LTA White PaperWe only started MRT operations in 1987. We cannot grow a comprehensive network over the next few years. However we will build up the netw What is Six Sigma? Six Sigma was developed primarily by the Motorola Corporation, about thirty-five years ago, to track manufacturing defects and determine what acceptable standards those defects were in a particular manufacturing venue. Operating at a Six Sigma level would mean that your toleration for defects would be no more than 3.4 defects per million units manufactured. When you are making widgets that's a very low tolerance for defects. If you are servicing a customer base that's a very low tolerance level. It can be a very high tolerance level for other services or manufacturing. A Sigma level determines how far away you are to the standard deviation. For example a 3 Sigma would mean that you are allowing your process to generate 66,807 defects per million. What's all this have to do with small business? The answer is it has a lot to do with any business that deals with manufacturing a product or servicing a customer base, even a small business or a home business for that matter. The six sigma mindset is a way of perfecting the way you do business and understanding what the true cost of errors are in your business. Yes the numbers make much more sense for companies that manufacture millions of widgets and have millions of customers but the six sigma tool box can be adjusted down to look at smaller numbers as well utilizing different sampling methodologies. If you have stayed with me so far and you are scratching your head saying " what the hell is he talking about?" you are in with the majority of most CEOs and CFO's of many major corporations. In other words your are in good company. As I first stated this is first a business mindset. You need to get your team on board to implement any type of program which has a productivity component. Secondly you need to have guidance and direction from a trained source Corporate Kits ocesses.A corporate kit is a file generally enclosing important items for the regular maintenance and administration of a company. It is basically a folder that holds trial stock certificates, register, rules, and corporate notes.Corporate kits are enormous revenue generators for a lot of online incorporation services. According to Federal government rules, each corporation should keep a current record of its meetings and shareholder informatio What is Six Sigma? Six Sigma was developed primarily by the Motorola Corporation, about thirty-five years ago, to track manufacturing defects and determine what acceptable standards those defects were in a particular manufacturing venue. Operating at a Six Sigma level would mean that your toleration for defects would be no more than 3.4 defects per million units manufactured. When you are making widgets that's a very low tolerance for defects. If you are servicing a customer base that's a very low tolerance level. It can be a very high tolerance level for other services or manufacturing. A Sigma level determines how far away you are to the standard deviation. For example a 3 Sigma would mean that you are allowing your process to generate 66,807 defects per million. What's all this have to do with small business? The answer is it has a lot to do with any business that deals with manufacturing a product or servicing a customer base, even a small business or a home business for that matter. The six sigma mindset is a way of perfecting the way you do business and understanding what the true cost of errors are in your business. Yes the numbers make much more sense for companies that manufacture millions of widgets and have millions of customers but the six sigma tool box can be adjusted down to look at smaller numbers as well utilizing different sampling methodologies. If you have stayed with me so far and you are scratching your head saying " what the hell is he talking about?" you are in with the majority of most CEOs and CFO's of many major corporations. In other words your are in good company. As I first stated this is first a business mindset. You need to get your team on board to implement any type of program which has a productivity component. Secondly you need to have guidance and direction from a trained sourc How Freight Factoring Can Help Trucking and Logistics Companies you are servicing a customer base that's a very low tolerance level. It can be a very high tolerance level for other services or manufacturing. A Sigma level determines how far away you are to the standard deviation. For example a 3 Sigma would mean that you are allowing your process to generate 66,807 defects per million.Owning a trucking company or logistics company (freight brokerage) can be very profitable. At the same time, transportation companies tend to be cash hungry. There are fuel expenses, employee expenses, operator expenses, repair expenses and many other expenses that need to be paid quickly. However, most customers don’t offer quick-pays and usually pay their freight bills in 30 to 60 days.This creates a major challenge. Why? You have exp What's all this have to do with small business? The answer is it has a lot to do with any business that deals with manufacturing a product or servicing a customer base, even a small business or a home business for that matter. The six sigma mindset is a way of perfecting the way you do business and understanding what the true cost of errors are in your business. Yes the numbers make much more sense for companies that manufacture millions of widgets and have millions of customers but the six sigma tool box can be adjusted down to look at smaller numbers as well utilizing different sampling methodologies. If you have stayed with me so far and you are scratching your head saying " what the hell is he talking about?" you are in with the majority of most CEOs and CFO's of many major corporations. In other words your are in good company. As I first stated this is first a business mindset. You need to get your team on board to implement any type of program which has a productivity component. Secondly you need to have guidance and direction from a trained sourc 3-Steps to Creating Brand WOW on the Internet oduct or servicing a customer base, even a small business or a home business for that matter. The six sigma mindset is a way of perfecting the way you do business and understanding what the true cost of errors are in your business. Yes the numbers make much more sense for companies that manufacture millions of widgets and have millions of customers but the six sigma tool box can be adjusted down to look at smaller numbers as well utilizing different sampling methodologies.The information superhighway - how I love to travel it’s winding roads on the way towards my next shoe purchase!Truth is, today the Internet is the #1 resource turned to worldwide for information. Looking for a recipe? You’ll probably find it on the Internet. Interested in remodeling? A myriad of resources, and tools are just a click away.In your business, you can bet that future clients and customers are searching for you on If you have stayed with me so far and you are scratching your head saying " what the hell is he talking about?" you are in with the majority of most CEOs and CFO's of many major corporations. In other words your are in good company. As I first stated this is first a business mindset. You need to get your team on board to implement any type of program which has a productivity component. Secondly you need to have guidance and direction from a trained sourc Using Colleges & Universities in Your Job Search gies.College & University Career Centers are not just for students or entry-level job seekers. This valuable resource is often under utilized by experienced managers and professionals. Many universities and colleges are committed to helping their alumni succeed in the ever competitive business world. To meet a growing need for career guidance and job hunting support, Colleges are supplying more career services to their alumni. Many offic If you have stayed with me so far and you are scratching your head saying " what the hell is he talking about?" you are in with the majority of most CEOs and CFO's of many major corporations. In other words your are in good company. As I first stated this is first a business mindset. You need to get your team on board to implement any type of program which has a productivity component. Secondly you need to have guidance and direction from a trained source. At he end of this article I'll post a source for Six Sigma training and certification. How does it work for a small business? Simply put you can tailor a productivity program for any business that has a product or a customer base that is interacted with on a daily basis. If you are operating a small business on the Internet for example and you want to continue to operate on the Internet you know that your customer file and base is your most important asset. Without your customer base you have very little in terms of high cost benefit for your marketing. Treat a customer badly and you could wind up being the next major BLOG target. Bad news travels fast especially with RSS. On the other hand treat a customer well and you could be the next "Positive" BLOG target. That's a good thing, by the way. I have been debating weather or not to include a Six Sigma section on my own site: http://homebusinessresearch.com Home Business Research. By the way you can get quite a bit of information from http://www.rathstrong.com Rath & Strong a Six Sigma consulting firm you can visit on the Internet. One of the best in this field.
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