| ERIX Method |
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Many small business owners run their operations by the "seat of their pants." While they may attain base levels of success, they are missing the opportunity for sustained business growth and significantly increased profits. It is vital that a company stabilizes and standardizes its procedures in order to maximize efficiency. We've seen companies doing over a million dollars per year of revenue who use their checkbook register as their "accounting system." This lack of proper documentation can leave room for devastating errors. Of course, lots of methods can "work" to some extent, but we advise our consulting clients to exercise the choices and actions that result in maximum profitability and minimal stress. The ERIX Method arose from the belief that "stress-free success" is possible when a company is willing to take a systematic approach to business. By ensuring that your company is properly advancing through the 5 stages, it is possible to change a business from one that struggles to pay its debts to one that is ready to expand and achieve long-term success. The process of business involves the following chain: Chaos --> Stability --> Order --> Profitability --> Growth Most small to medium sized companies exist in the range of chaos, stability or the beginnings of order. But most of them will never progress beyond it. They may spend years cranking out a reasonable salary for its employees, but will never achieve spectacular success without serious rethinking and strategic planning. Here's a brief explanation of the steps of the process: Chaos -- "We know how to do something and people are willing to pay for it, but we're always scrambling to pay bills." Stability -- "We're good at our work and we're in no danger of going bankrupt, but often feel disorganized and overworked." Order -- "Everything is running smoothly, but we seem to be limited in our attempt to attain significantly increased levels of production and profit." Profitability -- "Wow! Taking a closer look at everything we do increased our profits and productivity without hiring more staff!" Growth -- "I never imagined I could be this successful!" |