4/16/2021 Tip: The Acronym Definition of “System” | Growthink

4/16/2021 Tip: The Acronym Definition of “System”

Today’s Quote

“Obviously everyone wants to be successful, but I want to be looked back on as being very innovative, very trusted and ethical and ultimately making a big difference in the world.”
~ Sergey Brin

 

Today’s Tip

I heard the following acronym definition of “system” at a conference recently.

The definition is:

Save

Your

Self

Time

Energy &

Money

Yes, systems may take time to develop. But once you’ve developed them, you will save time, energy and money on an ongoing basis.

Think about actions that you and your company take on an ongoing basis. Each of these actions should be systematized so you get consistent results and, as the acronym states, saves your self time, energy and money!

 

Today’s Resource

The right plan…

The right strategic plan for your business includes:

1) the best strategy to follow

2) a written roadmap so there’s no confusion as to what your team needs to accomplish and when

Our strategic plan template allows you to quickly create a winning plan.

In no time, you’ll have a strong plan to follow so your company wins.

Why play the game of entrepreneurship if you’re not going to win?

Create a winning strategic plan <–

 

Trivia

Today’s Question: How much money does the average company save for each employee suggestion it receives and acts upon?

Previous Question: Sales of what group of products surprisingly jump 20% in December?

Answer: Antacids.

Sales of antacids like Rolaids, Alka-Seltzer, and Tums jump 20% in December.

Importantly, when planning out your new and/or growing business, make sure to account for the effect of seasonal sales. They could strain your cash flow, so you need to plan ahead (particularly from a financing perspective). 
 

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