Improvements Through Business Potential Energy

In the world of entrepreneurship, entrepreneurs must search and find ways how to improve their business. This can be 90% of the activities of an entrepreneur. However, improvement and changes are something that is constant in the businesses. I want to give you one introduction of the process of continuous improvement of the businesses with business potential energy. The business potential energy is energy that is stored into the business and that can be transformed into business kinetic energy that will perform a business work. This business work can bring profitability. This methodology presented in this post bring one spiral never ending process of improvements. With right implementation of the activities of this methodology your business will not be same from one to another day

ProcessBPE copy

The basic steps for this methodology as presented in the picture above are:

Determining of business elements that have business potential energy;
Determining critical business elements for the current level of a business life cycle;
Measurement of business potential energy of all chosen critical business elements;
Finding the ways how to increase that business potential energy in all chosen critical business elements;
Transforming that business potential energy into kinetic energy;
Measurement of the results and restarting with all previous steps.

Let’s give some introduction to this process. Our objective is first to define all business elements that contain or may to contain business potential energy. Because in different levels of a business life cycle we have different business elements that contain or may to contain business potential energy, we must define an exact level of a business life cycle business life cycle where our business is acting now. In this stage, we define crucial business elements for that level of business life cycle. This is important, when we say critical, because of our efficiency. We don’t want to have our attention and losing our time on the elements that is not so critical or where improvement will be too small.

Measurement, measurement and measurement are the constant process every business. We measure our performance, we measure our realization, and we measure our activity… Entrepreneurs must understand numbers and metrics from their business. For all chosen critical business elements, entrepreneurs must measure their business potential energy. In these way entrepreneurs increase their knowledge about following subjects:

The level of business potential energy for all crucial business elements;
Business elements that have bigger business potential energy;
The impact of different business elements on business performance;
Business elements that lose their business potential energy;
Required activities for increasing of business potential energy of business elements with poor potential energy.

After we know our measurements about business potential energy of the crucial business elements we may to start with finding solutions about problematic business elements. When I say problematic business elements, I think of business elements with poor potential energy. In these way entrepreneurs will obtain greater business potential energy because of increasing business potential energy of the critical business elements.

Many entrepreneurs have capability to increase overall business potential energy, but don’t know how to transform that energy into kinetic energy that may to perform some type of work and will bring increased business performances and profitability. If we don’t know how to transform this business potential energy in something tangible, our previous work will be for nothing.

At the end of this process is feedback that is very important element for all systems or methodologies. This feedback means measurement of the achieved results and starting an again whole process. In this way, we have an endless process of organizational change and improvement of business performance. This means continuously energizing of the businesses. Energizing will enable continuity in adding new energy to the business, firstly, business potential energy that will be transformed in kinetic energy that will bring increased business performance and profitability.