Let me make something clear. I work more than ten hours in a week. It often looks more like ten hours in a day. However, I invest an average of ten hours working on one of my businesses, and the return on that time is a fantastic income. This is not counting the time I spend working on all the other business ventures and contribution pieces that I am passionate about. But these other opportunities would not have been possible if I didn’t apply this valuable realization (which i’m excited to share with you, so you can have this freedom too!) to each and every aspect of my business.
Turns out, there is a distinct formula for success in business–and each entrepreneur must create their own formula for their unique business. Luckily, there’s no rocket science involved, and there are a lot of basic guidelines you can use to create your very own systems for success. Why would you bother taking the time to do all this? Because when you set out to build your business so that it functions smoothly, efficiently, in ways that thrill your customers, with as little of your direct involvement as possible, magic happens. Everyone is happier, including (and especially) you. In addition to gaining more free time, you will be more focused, creative and truly enjoy the time you spend on your business because you are not overwhelmed with every small detail of operations, and can use your creative energy on the high-level strategic planning and big picture.
Watch the latest episode of The New Entrepreneur to find out how I set up my business to run without me (most of the time) so I’m free to work on higher level projects.
Action Steps for Success
How to Get Started
- To begin, simply start writing down everything you do, in each area of your business. You can put it into a simple Word document, save it and expand and revise it as you go. The goal is to get the what, why, when, where, who and how of your business all written down in plain language so everyone understands exactly what is expected of them, and why.
- Test it out: ask a couple of employees to explain the policies and procedures in their own words and see if their interpretation is correct. Clarify and revise as needed.
- Make sure every employee has easy access to it, and they know they are expected to follow it.