“If you want to reach a goal, you must ‘see the reaching’ in your own mind before you actually arrive at your goal.”
~ Zig Ziglar
I’d like to really encourage you to build systems in your business. Below are the 6 key benefits to doing so:
- Creating the system forces you to think through the process and improve it.
- Having the system in place allows for improved and consistent performance.
- Having the system in place allows you to quickly integrate new hires into your business.
- Having the system in place allows you to easily come up with and implement new ideas.
- Having the system allows you (the entrepreneur/manager/owner/etc.) to 1) take more time off, and/or 2) spend more time on higher value-add activities.
- Having systems dramatically increases the equity value of your business.
While building business systems takes time and often does not immediately put cash in your pocket, the 6 key benefits above will pay for themselves over and over again and are definitely worth doing. So start systematizing your business today.
How to Build a $10 Million+ Company
What’s the difference between successful multi-millionaire entrepreneurs and the typical small business owner just struggling to get by?
Well, there are a LOT of differences, actually…
But I’ve summarized the main differences on this page:
The really interesting part is that you don’t have to work yourself to death to grow a wildly successful, eight-figure business…
In fact, when you follow this formula, you can make much more by working less…
Today’s Question: If you have to name one person associated with the Bangladeshi micro-financing institution ‘Grameen Bank’, who would it be?
Previous Question: What type of “helpful” businesses operate on the basis of the Rochdale Principles that were formulated in 1844?
Answer: Cooperatives (also called “Co-ops”)
The implications of the Rochdale Principles, which state that co-operative societies must have an open and voluntary membership, are a focus of study in cooperative economics.
Cooperatives are independent but work together to meet the needs of a specific community. How can you work with another company or individual to make a shared community better?
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