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Systemizing a Business - Page 4

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.

Show Me the Value

Last week we talked about how many business owners bury their heads in the sand when it comes to placing a value on their business. This week we focus on where the 'sweat equity' can make a positive difference in the valuation of your business.The markets and buyers of the world are as diverse as the businesses. This leaves each market and buyer with its own set of criteria and perspective of what value look like. Taking into account those diverse perspectives, this week we look at three core attributes that nearly all buyers are interested in paying top dollar to obtain: Growth, Cash Flow, and Systemization.

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Team Sales

As you are aware, everyone in your business is responsible for sales. Some are more directly involved than others, but everyone plays their role. We’ve looked at the foundation for the sales team; but what needs to be in place for the remaining staff members who are only indirectly involved...
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Your Sales Process

Last week we looked behind the curtain at pieces of the sales process that should be in place to help your business be more effective and flexible in its sales process. Now, we look to focus on pieces of the Sales Process that are external and the pieces that the client sees, hears, and touches. In the most effective sales processes, these external pieces connect seamlessly, giving the prospect or client the impression that purchasing the product or service is the natural and logical conclusion of the interaction. Pieces of the Sales Process puzzle we are going to focus on this week are scripts, agendas, and sales materials.

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Systems and Your Vision

Systems are a means to an end. And that end is your vision. As we've discussed, some argue that systems are robotic and kill creative environments.  And they can be....if you let them. The simple truth is that as a business owner, you control how systems are written and operated which influences that end result.   If you don't want to have a robotic and uncreative environment, let your Entrepreneur personality kick into gear.

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Re-Inspire Your Business with the E-Myth Revisited Book

The E-Myth Revisited has a way of staying with readers long after they first picked up the book. Perhaps it's because business owners read it and immediately relate to the stories of Sarah. If you haven't read the E-Myth Revisited let us give you a biased opinion-you should! If you have read the E-Myth Revisited it is a good time to pull it out and be re-inspired. Here's a list of great topics in the book to check out.

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System Quote and Question

"When you first start off trying to solve a problem, the first solutions you come up with are very complex, and most people stop there. But if you keep going, and live with the problem and peel more layers of the onion off, you can often times arrive at some very elegant and simple solutions. Most people just don't put in the time or energy to get there." - Steve Jobs

This week we ask you to set some time aside and ask yourself: "What problem in your business tends to keep reoccurring, because the solution is complex?"

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Is the E-Myth Revisited Still Relevant?

There are critics who say that the world and the world of business have changed to the point that the E-Myth Revisited, by Michael E. Gerber, is no longer relevant. Often times, anti E-Myth arguments center on the idea that systems make for a formal and rigid work environment, thus creating an almost robotic culture that crushes any sign of creativity and innovation.

It's easy to ignore the critics. The E-Myth Revisited is a New York Times Best Seller and has been used successfully in over 50,000 businesses worldwide. We know that it works. We see the successes every day, but it's worth asking, "Has the world and business changed since the writing of the E-Myth Revisited?

Absolutely!   Social Media wasn't a hot topic when Gerber penned the E-Myth. Employers were talking about how to manage the baby boomer generation and prepare for the generation X. In today's world, social media is a topic of interest with other "traditional" media and employers are talking about how to handle the retirement of the baby boomers and prepare for the millennium generation.

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PTO Systems that Your Business Should Have in Place

In last week’s article, “Planning to Have a Life Outside Your Business,” we discussed the need to schedule your time away, to have a Paid Time Off (PTO) Policy, and to support your business and employees by creating Systems and Training that enable PTO. This week we are presenting a listing of PTO Systems that your business should have in place to support your employees, clients, and company:

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