January 25, 2023, Posted in: Featured
You are at risk of reducing your vape business revenue if you have these habits!
You are at risk of reducing your vape business revenue if you have these habits!
Trying to Do it All
Redistribute Tasks to Give Yourself Time to Focus!
Automate processes to refocus employee time on longer-term initiatives.
Demonstrate trust in your employees by delegating.
Uplift other exceptional businesses through strategic partnerships.
Delaying creation of scalable processes
Engage in Continuous Quality Improvement!
Revisit old processes to see if efficiencies or automation opportunities exist.
Create meaningful metrics to identify possible bottlenecks.
Penny-wise, pound-foolish
Investing in high ROI assets will pay off – don’t try to save money in the wrong places!
Being Reactive
If you have to react, you’re too slow – become proactive:
Create automated metrics about your market, and be aware of new trends.
Be diligent about your supply chain and maintaining up-to-date information about it so you can be as agile as possible when problems arise.
Introduce automation to streamline processes for when things go awry.
Bottle-necking business decisions
Don’t Make Everything Come to You!
Automate and delegate when you can.
Thoroughly document SOP’s to create decision-making frameworks.
Misdirecting Focus
Direct the focus of you and your team on the things that matter!
Automate the things you can.
Don’t overfocus on one thing, or focus on doing too many things.
Don’t Solve Unimportant Problems (you know the ones).
Ignoring the Competition
Your competition exists – Don’t Ignore Them!
Learn from Them!
Understand their product and its appeal – the vape market is always expanding.
Setting the Wrong Goals
Goals Need to be SMART –Specific, Measurable, Achievable, Realistic, and Timely.
Focus on SMART goals that further your mission, vision, and values.
Setting (and /or Forgetting!) Documentation: Onboarding, Training, and SOP’s
Documentation is the first thing to fall off the radar during stressful times – don’t get caught in that well-known trap!
Up-to-date and thorough documentation is vital to pleasing regulators. Don’t allow a pain point to jeopardize your license!
Well-documented SOP’s and Training foster a quality-focused environment that creates a more consistent product and ultimately a more recognizable brand.
Fear Automation
Automation is an instrumental tool in working through many of the challenges businesses face today.
Automation is vital to a vape brand’s ability to create consistent, exceptional product that the consumer will seek time and time again.
Apply automation in high-value areas to watch your business thrive!