The Five Vital Components of a System If you understand and apply the following components, you can systematize just about anything. Assembling these five components creates the ultimate system. I believe these five components will work for any type of business or organization: The Mission The Organizational Chart Policies Procedures Job Descriptions Systems Component #1: The Mission Your company’s mission…
This Is For The Skeptic
A friend of mine asked his billionaire neighbor (who owns a lot of companies) for advice. The billionaire business owner said, “Build your business to sell it and then keep it!” If you are a skeptic, you may think it’s a fantasy to have a turnkey business that allows you to travel and do the things you want to do.…
Why Systems Are Critical to Your Business Part 2
Keeps the owner in line I don’t know about you, but I like to change things, update them, and try something new from time to time. As the owner, you may like to tinker, or you decide which part of the system you feel like using that day. As the owner, you have to be the example and follow the…
Why Systems are Critical to Your Business
The key to profitable growth Have you ever seen companies that grow big fast only to discover that more money is going out than is coming in? I have. And it is not very phenomenal! The bigger you get without systems, the more money is going out the door in reinventing every day. Employees perform better When your employees don’t…
Goals, Plans, and Systems
GPS—Goals, Plans, Systems G is for Goals. Without clearly defined goals, you will never know where you are going, or if and when you get there. You must have clearly defined life goals and business goals. They must be written down. They must be yours. They must be meaningful to you. They must be specific and measurable. And of course,…