BizOps (Business Operations) as a formalized group within a company is relatively new, but the concept of maximizing the value of a company has been around for ages. I work with startups, so I always come back to my belief that the CEO/Founder is the starting point for BizOps, who is ultimately responsible for increasing the value of the company.
BizOps:
- Is all the activity of a company, that is not the core offer
- Keeps the internal machine running efficiently
- Connects the dots in a cross-functional manner
- Is a product manager for the entire business, working across all disciplines and all levels
- Ensures things get done, aligning all action with strategy
- Identifies opportunities to increase revenue, and decrease expense
- Doesn’t do the day to day business, but sets up the systems for people that do
- Fills gaps within the organization
- Has allegiance only to the company, not the wishes of a particular department
- Looks ahead and is proactive, but is also a great place for fire-fighting
Signs you are ready
- You don’t CONSISTENTLY send a monthly update to your investors
- You say, “I wish we had a person that could….”
- You don’t have any well-defined, repeatable processes
- Functions like HR, customer success, and finance are under-developed
- Tasks that are important, but not urgent, are not getting done
- Your teams don’t seem to be on the same page
- You are planning to scale the business