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The 4 Roles of the Business Owner

The Four Roles of the Business Owner On the Wheel of Life, mentioned in Chapter 1, there’s a spoke called “Career.” You want to think about what role you want to fulfill in your small business. Don’t worry about how right now. Just think about your life goals and what kind of work lifestyle you are after. Remember that you…

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The Organizational Chart

Systems Component #2: The Organizational Chart Owning your own business can be overwhelming because of the number of “hats” you have to wear. Someone not only has to do the technical work of the business, but someone has to market, someone has to go on sales calls, someone has to do the bookkeeping, someone has to order supplies, someone has…

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The Benefits of a Clear, Compelling Mission

• Your mission reveals who your target market is. Does everyone want the most outstanding service experience? No, some people want the lowest price. Does everyone feel like a slave to their business? No. Does everyone want the finest coffee in the world? No. If you try to be everything to everyone, you won’t be anything to anybody. (See the…

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The Five Vital Components of a System

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…

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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.…

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