The 5 Essential Factors in Business Operations to Scale in 2021
Written by: Xiomara Overman, Executive Contributor
Executive Contributors at Brainz Magazine are handpicked and invited to contribute because of their knowledge and valuable insight within their area of expertise.
2020 is the rise of more business trends in the technology industry that positively influences all other industries.
As an Export Business Advisor, I've seen the new business trend in March 2020. This Business Trend has five important factors that businesses need to be aware of in order to be able to Pivot or Thrive in 2021.
This business trend I am referring to is the "Data Processing in Business
Operations."
To have a sustainable business, waste management and crisis management
are essential assets.
The five important factors in business operations are as follows:
Factor 1: Financial Data Management
Factor 2: Internal Communication Data Management
Factor 3: Crisis Resistant Data Management
Factor 4: Waste Management
Factor 5: Database Management
Each factor needs to be carefully considered, and the needed Technology Tools should be in place, specifically in 2021.
The lack of secure data processing in most businesses made most of the businesses unable to pivot in time when most governments in several countries declared lockdown in the midst of the crisis caused by the pandemic.
The industries most affected were those that didn't have a Data Processing System that is automated and reliable.
The next case gives an overview of why the five factors are essential in making the decision to pivot during a crisis.
Case description:
Problem: The number of customers is decreasing based on the
data collected in 3 months.
Evaluation:
Which services are not in demand anymore?
What is causing the decrease based on the Data?
When were the first signs shown according to the Data?
According to the Crisis Resistant Management Protocol, which are the steps to avoid a crisis that may affect operations in the next month?
To have a secure Data Processing System in your business, it's important to have Cybersecurity Tools with the needed Internal Protection Protocols in place.
That's why if one of the five factors are missing, 3 major impact may occur in your business:
Economic impact, especially in cash flow management
Unsatisfied customers
Cancellation of several services that has an impact on the income streams
It's time to add the needed procedures in the five mentioned factors to successfully pivot and thrive in 2021.
We help businesses find the gaps in the mentioned factors and improve their Data Processing System with the needed Digital Resources.
Send a message for additional information or questions about the Data Processing Trend to info@activ-services.com.
Cherish the special moments during this Holiday Season and a Happy New Year 2021!
Xiomara Overman, Executive Contributor Brainz Magazine
Xiomara Overman is an International Business Advisor with more than 8 years of experience in Strategy and Procedures Management. For the last 3 years she has worked with International Companies in improve their Business Processes for export from their Products and Services.
She is the Founder and CEO of ActiV Business Development Services.
During the Pandemia she worked closely as member from the Professional Team from the Ministry of Economy Development in Curaçao to help restructure Businesses in have Crisis Resistant Processes in Business.
She has the possibility as Partner from SUM International to help Businesses scale their Business in Central America, including Dutch Caribbean and enter the European Market successfully.
She and her ActiV Team are ready to provide guidance with Public Relations Services and Trade Documentation in 6 languages.
She organizes Innovation Tour to enter New Markets in the Central and Latin America Region.
Her Mission is develop Business Processes that are scalable and crisis resistant.
