Managing Startup Operations

23 Jan 2013

operationsUnderstanding how your organization manages and controls its activites is what business operations is all about. At the start up phase, when transactions are low and simple, the founding team members or the founding entrepreneur through a mix of manual and automation can fulfil the requirement. It is when the business expands and customer expectations grow, that having a process driven operations management is needed. Setting business models and processes to optimize costs and allow more choice to customers becomes a necessasity. In this article we have defined some of the basic requirements that businesses should incorporate ideally during the start up phase , but certainly before they start scaling the business.

Business Model

To be fair, structuring a business model is a difficult task for most startup businesses, as ambiguity still persists in defining it. A host of terms like strategy, tactics, method, process etc. can overwhelm an entrepreneur or start up business, especially when sourcing funds and building a market are the most important elements in their thinking DNA. Business model innovation is becoming the new strategic mantra for all organization leaders and entrepreneurs must also learn how to do R&D for new business models to keep pace with them.

Operations

A way forward is to make building a business model an integral part of a venture. It is therefore imperative to take a holistic view during the business planning phase to ensure that each segment of a business is interlinked with the overall objective of the founding team. Elementary units that characterizes a robust business model includes,

  • Customer Value Proposition
  • Nature and scope of Market
  • Entrepreneur’s goals
  • Revenue Model

Business Processes

Business processes are collection of structured activities and tasks designed to serve a particular customer or market segment and create value for them. Managing the business process is a vital responsibility for an entrepreneur as it increases the efficiency and effectiveness of the business. Continuous innovation and improvisation of the business processes should also be the focal point for an organization to deliver value added services to the customer.

A business process should have,

  • SMART Objectives.
  • Specific Inputs and outputs.
  • Resources and Assets.
  • Number of tasks.

Roll-out strategies

 

Roll-out strategies of an organization are step by step approaches related to expand the business and increase the consumer base. When an organization is attempting to execute something new it implements its rollout strategies to grasp the future opportunities. It can be a new product, new geographical extension or different perspective of the work. Some questions need to be answered by an entrepreneur while formulating the roll-out strategies which includes,

  • Why did you decide to do this NOW?
  • Will the change match the culture and skills of employees across the organization?
  • How it will influence your organization in future?
Crazy About Startups

Crazy about Startups is an innovative platform for entrepreneurs and aspiring entrepreneurs. Crazy About Startups creates a community of all crazy entrepreneurs who eat, sleeps, breathes and dream about startups.

Website: www.crazyaboutstartups.com


Upcoming Events

No events

Contact Us

 We are "Crazy" about startups. We would love to hear from you. Use the directory below to contact us.


Letters to the Editor:info@crazyaboutstartups.com - Share your opinions, ideas or news with our editorial staff.

Feedback:feedback@crazyaboutstartups.com - Reach us with your comments, suggestions, bugs, issues or problems related to the site, content or anything in general.

Press Releases:pr@crazyaboutstartups.com - Send us your press releases about your startup. We would love to know whats happening.

Contribute: guest@crazyaboutstartups.com - Are you an expert in the field of startups? Join us to share your knowledge, experiences and views with the world.

Advertising:ads@crazyaboutstartups.com - Contact us for advertisement opportunities. Increase your products / services awareness with the startup community.

Events:events@crazyaboutstartups.com - We are also crazy about startup events. We would love to cover your events. Let us know about your events.

Experts:experts@crazyaboutstartups.com - Reach our panel of highly experienced experts with your queries regarding startups. We would love to help you.

For any other queries or just drop in a "Hi" mail us at crazy@crazyaboutstartups.com