The Foundation: People and Processes

Michael Barbarita • October 29, 2024

Before diving into the seven profit-driving components, successful businesses must establish strong foundations in People and Processes. The right team members in the right roles, following proven strategies and repeatable processes, create the backbone for implementing profit-growth initiatives. Your people are critical to carrying out your mission and implementing strategies effectively. Meanwhile, documented, standardized processes ensure consistent implementation and create value for potential future buyers. Without these foundations, even the best profit-growth strategies can falter. Think of it like building a house - you need solid ground before adding the structure. These elements support everything else in your business growth journey.

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