Common Business Processes That Every Business Owners Needs To Have In Place

Here are the most common business processes you need as a business owner. 

1. Accounting and finance:  Bookkeeping, tax compliance, and financial reporting

2. Human resources: Hiring, onboarding, payroll, and employee benefits administration

3. Sales and marketing: Lead generation, customer relationship management, and market research

4. Operations: Inventory management, supply chain optimisation, and production planning.

5. Project management: Task assignment, progress tracking, and deadline management. 

6. Customer service: Responding to customer inquiries, resolving complaints, and providing support. 

7. Information technology: Data management, cybersecurity, and software development. 

8. Legal and compliance: contract review, intellectual property protection, and regulatory compliance. 

9. Supply chain management: Sourcing, procurement, and vendor management

10. Business Strategy: Market analysis, competitive analysis, and growth planning.

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