These assets are standard operating procedures and processes to manage your business. These assets are usually something that become a necessity once you have gained some momentum, but there are also some assets in this category that you want think about from the start.
Your Management Assets
When developing management assets, think about the following
- Strategic planning is the cornerstone of business growth. You need to have a plan, but more importantly: you need to get into the habit of PLANNING your growth.
- Every business has their own set of Key Growth Metrics, and these will also change when you develop and grow. Set your metrics intentionally and follow up every week!
- At some point, your business needs to start developing processes for maximizing efficiency of your operations. These processes become one of the most valuable assets in your business.