"Business Inventory Checklist Template - Tri-County Economic Development Alliance, Inc"

ADVERTISEMENT
ADVERTISEMENT

Download "Business Inventory Checklist Template - Tri-County Economic Development Alliance, Inc"

465 times
Rate (4.6 / 5) 32 votes
Business Inventory Checklist
Preparations
________Prepare to make this a priority & work the inventory into your to do list
________Bring in all team members and explain the need for the inventory
________Select team to work on the inventory & prepare the report
Communication and Marketing
________Develop a regular line of communication to your team
________Update or develop a website for your business
________Keep information current
________Alert the media! Tell your business’ story
________Develop powerful marketing tools as multiple media
________Develop marketing plan and implement it
Scheduling and Training
________Review the current staff schedule and review the increase needs
________Communicate schedule changes leave time for staff to arrange for childcare/school
________Cross train all staff for intermittent increase workload
________Review all work plans and be prepared to readjust
________Review organizational chart to make adjustments in staffing
________Be sure to train staff in disaster recovery programs
________Prepare and implement a customer service program (all businesses need this!)
________Contact Workers Compensation Insurance to discuss increase in staff
Business Infrastructure
________Update your business plan
________Check with suppliers for turn-around times
________Investigate new vendors and supplies
________Examine your transportation system
________Examine your physical location for:
o The ability to expand at the present location
o Make repairs or updates before expansion
o Know the limits of your physical infrastructure
________Physical inventory of your equipment, including office and computers
________Purchase additional equipment and computers
________Understand the impact of growth on your business and its infrastructure
1
Business Inventory Checklist
Preparations
________Prepare to make this a priority & work the inventory into your to do list
________Bring in all team members and explain the need for the inventory
________Select team to work on the inventory & prepare the report
Communication and Marketing
________Develop a regular line of communication to your team
________Update or develop a website for your business
________Keep information current
________Alert the media! Tell your business’ story
________Develop powerful marketing tools as multiple media
________Develop marketing plan and implement it
Scheduling and Training
________Review the current staff schedule and review the increase needs
________Communicate schedule changes leave time for staff to arrange for childcare/school
________Cross train all staff for intermittent increase workload
________Review all work plans and be prepared to readjust
________Review organizational chart to make adjustments in staffing
________Be sure to train staff in disaster recovery programs
________Prepare and implement a customer service program (all businesses need this!)
________Contact Workers Compensation Insurance to discuss increase in staff
Business Infrastructure
________Update your business plan
________Check with suppliers for turn-around times
________Investigate new vendors and supplies
________Examine your transportation system
________Examine your physical location for:
o The ability to expand at the present location
o Make repairs or updates before expansion
o Know the limits of your physical infrastructure
________Physical inventory of your equipment, including office and computers
________Purchase additional equipment and computers
________Understand the impact of growth on your business and its infrastructure
1
Business Infrastructure (continued)
________Examine your skill needs for your staff (new talent may be found in new residents)
________Understand the new management challenges for increased growth
________Plan your growth, understand limitations and know how to increase and control growth
________Examine your disaster recovery plan, practice with new staff
________Determine if you will need bilingual services to accommodate new growth
________Complete a SWOT analysis (after the inventory is completed)
________Complete the TCEDA Business Assessment Tool
Fiscal Needs
________Contact your banking professional to discuss your current financial situation
________Make arrangements for increased credit lines or lending opportunities
________What impact will new growth have on your financial situation
________Prepare financial reports that estimate your growth for the future
Relationships & Collaborations
________Find a peer to have as a mentor or support system
________Know your completion and build a collaborative relationship for growth
________Build synergies and clustering with others in your community
________Participate in your community’s preparedness inventory
IT Needs
________Contact your IT department or IT resource to analyze your current situation
________Discuss the needs and increase your IT systems
________Purchase new equipment and install
________Train staff on using new equipment
Safety and Security
________Implement safety measures for all accounting and sales procedures
________Develop and implement a disaster recovery program
________Develop an employee check in system and a supervisor who knows where everyone is
________Keep records under secured measures
________Develop a guest sign in register for visitors to your business
2
Wrap Up & New Beginnings
________Communicate and update on plan progress
________Celebrate all milestones, especially when the planning is finished
________Continue to plan for the future with regular strategic planning (TCEDA and BH)
________Count on your staff and regional partners to help you through the process
________Communicate your positive community program with all who come
________Look at the new residents and businesses as long lost friends who have found home
________Communicate this information
No matter what—we are moving forward to a new Northwest Illinois. You can be a part of this
excitement by preparing for the future, today.
Join the regional planning as we welcome new friends, businesses, and jobs to Northwest
Illinois. Let us celebrate! Invest in Northwest begins today!
For additional assistance in preparing your community for the future, please contact:
Tri-County Economic Development Alliance, Inc. (TCEDA)
Michele Miller, Director of Business Retention
9317 IL Route 84 STE B
Savanna, IL 61074
815-273-1153
Email:
mmiller@tcedaonline.com
Need more help? If you are in the TCEDA region, please call us at: 815-273-1153
3
Page of 3