Growing Capacity With Constant Improvement
Small businesses are a force in the United States providing 60.6 million people with jobs according to a 2020 Small Business Administration (SBA) study. The capacity of small businesses to grow directly impacts the capacity of the economy to grow. But what is capacity? When a group of executives were asked how to define capacity, Sales Director at VEM Tooling David Reid, responded, “The term ‘Capacity’ in the field of business can be defined as the facility or power to produce, perform, or deploy.” (Reid 2021) Simply put, capacity is the ability to increase sales and work volume by getting things done faster and/or better than before. When done correctly more work means more revenue.
Businesses ...
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