Test running is one of those things, how do you know something is working properly if you don't introduce it to the field of action. This is where errors are seen for correction with a latter applauding of a good work. One of such story that always keeps me motivated is the story of Edison and the bulb. The whole scenario always looks to me like a myth yet it is very true. Edison's patients capacity was tested, he could stick to his vision until it was finally accomplished.
We have also heard of such familiar stories from big companies; Tesla once underwent such test when it seems they were heading into bankruptcy. There are many ways a company's capacity can be tested, one of it is in delivery when there is a massive demand. It is something that has raised some questions in the cryptocurrency world. Such questions like, 'can Bitcoin replace fiat and keep the global economy moving'. You need to consider how long the fiat system has been in business. We can say people are already getting addicted to it and the government is even more, that's where they pull out power to advantage themselves in the economy.
I was to talk about how my business capacity had been tested yet here I am talking here and there. Hahaha, let me just add a little more, there is always a need to think wide. That said, such challenges like slow transaction time affected bitcoin when there was a turnover. cost of transaction increased, something that has made many prefer altcoins industry transaction exception of Ethereum to be more precise.
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There has been an introduction of Lightning Network for bitcoin and other layer 2 networks to salvage even the altcoin industry. Nevertheless, the issue of capacity testing will remain an ongoing challenge with much work to be done.
Coming home, I have been tested or should I be more precise, my business capacity has been tested this Christmas season. I had an urgent contract plus other incomings. I have been on a rollercoaster. This is my first year of facing the expansion effect, I thought there was enough workforce in and out of the office (at least to some extent). I have come to realize there is still more to be done if the word 'efficiency' must be maintained.
I wrote an article yesterday regarding the need of committing someone with realization that I will have to source for more contract workers who are efficient.
The year is rounding up and I will push myself and the team I have to make sure we get things done. There is little time to rearrange things now although I have put it on my jotter for referencing. Our capacity has been tested in the area of delivery, much work needs to be done. Delivering quality is one thing, delivering on time is another and still another to consider is delivering in masses. The latter is the one we must ascertain by next year while still keeping the other two intact. We have been running up and down to see things through. My work time has doubled and it always shows in my health.
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If this seems to be our peak demand, it means we are not ready for larger revenue. What have I been preparing this company for if not for such a time we will be speaking in millions. I have to solve this volume test. I know January will produce a dull market after a lot of spending by many. I will use that time to do some assessment, from who to incorporate in terms of workers.
Creating new bonds will be very necessary, I am working on handling at least three times of the current workload next year. It will need us to spend to meet up. New machines must be introduced, I am already working on one with hopes it goes through just as I am expectating.
If a business stays small for too long, it gets outdated or trampled down by competitors. customers always want to see changes. Adding to that, increase in revenue is tagged to turnover. expenses are unending day in day out, looking for ways to fit in expenses and still stay in profit is dependent on volume delivery. I have considered this, I am even planning on creating an expenses channel, this is something I will cover in another article.
To conclude, let me add, staying in business needs an upgrade if I should put it this way. Being able to outdo your previous will open the door for new opportunities for profit making. Shrinking during a capacity test is one mistake you should avoid. Preparation is key although demands may out beat your preparation just as it happened to us. I had to readjust and I am happy I have been able to gradually deliver. This is business so get the formula; capacity test equals profit if efficiency is met.
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