Investor Marcus Lemonis of the hit TV series The Profit emphasizes that what he evaluates to determine if a business can be successful is the people, product and processes. He mentions using the same online workflow system to manage the processes in all of the businesses he invests in. Processes are essential to staying on top of both workload and finance. The right process can even ensure that you maintain your profit margins. Every business must develop whatever processes they require to … [Read more...]