Return On Trust Newsletter Edition 2

Welcome to ROT Newsletter by IAS

Learn how to get a higher return on your trust!

IAS's mission is to reduce the number of small businesses that fail by 1%; we do this by teaching small business owners and their team members to trust their businesses through essential skill development.?

We empower your company with a sustainable, well-documented, and trainable process for business growth. This newsletter will serve as an education arm of this mission. This newsletter will expose you to educational opportunities that will allow readers to increase operational trust in their business.

We hope you enjoy it, and please share this newsletter with those who might benefit.

Improvement Tip of the Month: How to map it out?

When it comes to improving your business, there are many ways to go about it, from cost reduction to leadership training. However, our newsletter will focus on tools to improve work efficiency, mistake reduction, communication clarity, and process improvement. So, let's get started.

Process Mapping

A process map is a planning and management tool that visually describes the flow of work. It is a visual representation of a series of events that lead to the delivery of your product or service. When done right, it allows you insight into a process, helps teams brainstorm ideas for process improvement, increases communication, and provides process documentation. Process mapping will identify bottlenecks, repetition, and delays. They help define process boundaries, ownership, responsibilities, and effectiveness measures or metrics.

A specific type of process mapping is called Value Stream Mapping, a great starting point for evaluating existing processes. Here is how to do it:

1. Gather your team?
2. Answer the following question on the far right of a whiteboard or wall.
3. What customer need does your business complete? We will work backward from this answer.
4. From here, use a square Post-it note to lay out the process
5. Use arrow Post-it notes to show delays
6. Then place your events in the correct order
7. Identify any inventory levels carried between each step
8. Now fix the delays and gaps in the process

If you need additional help creating your company Value Stream, please feel free to book a facilitated workshop. For more information, contact: [email protected].

Retention Tool: Want a New Way to Retain Top Talent

Over $100 billion in Earned Wage Access (EWA) is now being advanced to over 55 million employees every year

EWA helps your employees avoid unnecessary bank/lending fees and penalties

• 81% of Employees no longer need to use a payday loan*
• 79% of Employees rarely/never overdraw their account**

Empowering America's employees, enabling them to access, use and move their earned wages and money... anytime, through fee-friendly products?

Employers gain a recruiting and retention competitive advantage. Providing EWA is a compelling employee benefit option, reflecting your commitment to empowering employees to control their finances with the flexibility of earned wage access.

The great thing about building an EWA program for your business is that it comes at no risk to you. My affiliate company will shoulder all the risk.

• No impact on the existing payroll cycle or cash flow.?
• No loans are issued, and the company assumes?
• no risk or liability.

To get more information, email: [email protected].

Upcoming Events from IAS and Partner Organizations:

This section will feature networking and learning opportunities from IAS and its partners.

December Events

• December 14th Jewish Business Networking Event:

Put it On The Radar

• February 7th, Non-Profits North Event: Don't Sacrifice?Impact when building the structure of your non-profit

• Coming in February, IAS and Work Business Solution present a problem Solvers Master Class

If you want to trust your business?

• To operate without you.
• Take the vacation without fear of it all falling apart
• To not have to pull all the levers and push all the buttons to make your business work
• To have employees that care about solving problems and not creating them?

Then schedule a free discovery call to see if the ROT Process is right for your business

If you found value in reading this, consider sharing this newsletter with a friend and remember to subscribe to stay up to date.