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Applying the Principles of Business Process Management to Your Home Life

Posted By Administration, Wednesday, March 21, 2018

Business process management is geared, fairly obviously, towards the improvement of processes in businesses, and as such may not seem directly relevant to your private life. However, if you look at the ways BPM improves operations, reduces costs and increases productivity, you can start to appreciate that the principles of analyzing the way things are done can be applied to your own circumstances.

How does BPM work?

With BPM, you are looking at ways of altering how things are achieved in every aspect of your business, whether it’s logistics, staffing, production or sales. You will be examining the way one application connects with another and be looking for fixes to any problems. The aim is to identify where you need to improve processes within your organization, with the ultimate goal of increasing profits. If you compare this to your private life, there may well be areas that would benefit from the same kind of analysis. More time and more money are the two things most people wish they could have in their lives, and using a BPM approach you could find a little extra of both.

Applying BPM logic to your financial management

If you don’t already have a personal budgeting spreadsheet or tool that helps you keep control of your finances, it’s well worth investing a few hours into getting one set up. It will enable you to identify where you are spending unnecessarily and help you save more. If you have investments, are you using a financial advisor or CPA to maximize your returns? They will be able to point out ways to make and save money that you might not have been aware of, for example using the 1031 exchange system for deferring capital gains tax on property investments. The cost of employing a professional should be more than compensated for by the savings and returns they recommend for you.

Applying BPM logic to your time management

It won’t be much fun for your family if you sit them all down and start doing a detailed time and motion study on every minute of their day, but what you can do is look at where there might be problem areas in your routine that are causing difficulties. For example, if you struggle to fit in picking the kids up from school with doing the grocery shopping or getting to the gym, look at your schedule and see if you can reorganize your day to accommodate everything more efficiently. You could have a number of options available to you, including after-school clubs that give you an hour to fit in a visit to the store or a workout before collecting the kids. Perhaps, it could be sorting out alternative pick-up arrangements, or going to the gym together and finding a way you can all enjoy some exercise like a cycle ride after school. It could mean a more radical change like employing some home help to free up time for other activities, or maybe change to ordering your groceries online and having them delivered.

The methods you choose to apply will depend on your circumstances, priorities, and finances, but wherever there is a problem, there is usually a way to overcome it if you look at it objectively.

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