Systemizing a Business
Going back to our roots in E-Myth, we believe in creating a franchise prototype where your business depends on systems and not people (including the business owner). Systemizing your business will create a business of value that provides your with the time, money, and freedom to live your dreams. Below are a collection of articles on systemizing a business from our weekly Business Owner Insights.
Bill is always late! Cathy doesn't seem to get it! Taylor is not getting the results we need!
If these are the types of statements a business owner is making, it may not be about the employees, but about the business's policies and procedures it has (or maybe doesn't have) in place.
Did you know the scalability of a business not only makes a business more enjoyable to own, but also increases the market value of a business?Scalability is an important topic that many business owners don't take the time to consider. When a business is not scalable it hits its capacity and plateaus. However, a scalable business is able to grow significantly, handle increased demand, and generate consistent revenue with lower costs
As business development experts we are systems junkies! There is nothing we love more than working with our clients to design a new system or getting to the bottom of why an existing system doesn't work and then helping to redesign it. Ideally, businesses are full of documented work systems and people are using those systems to achieve predictable consistent results. This might lead one to think that when all systems are in place the business is set, right? That would be true only if businesses are stagnate. But as you know businesses are not stagnate... they are dynamic... they are constantly changing.
"Your system is perfectly designed to give you the results you're getting." W. Edwards Deming
Last week we started exploring systems beyond the electronic programs and applications your business relies on. We expanded your point of view that your business is run on different kinds of systems. Everything that happens in your business is based on a system. This week we want to challenge you to explore the degree to which your business is at risk as a result of not owning the systems being used to achieve results.