It’s already a little late for New Year’s resolutions, but do you always promise yourself to work smarter, not harder on January 1 and then feel you never achieve this at the end of each year? Don’t worry, you’re not alone by any stretch. The reassuring news is that there is a way. Have your cake and eat it too during business hours by implementing business systems and processes.
It’s normal to want your business to succeed (and often the thinking is that it’s then you can relax) but smart business owners learn to cleverly incorporate business systems and processes to achieve this goal far quicker.
The key to business success is to combine a profit-making strategy with a vision of personal fulfilment, meaning that the business generates profits while the business owner is enjoying life elsewhere – and this involves relaxing!
So what’s the best way to achieve this? We know from experience that some of our clients achieve this in mere months. We will examine the steps necessary to get there.
The first three steps are about vision, mission and culture. For the vision, answer in just one sentence; why does your business exist? Your mission goes into more detail about who you are as a business. The culture covers something essential; that your staff know a set of values in line with what you want from your business.
Another step is about being SMART (Specific, Measurable, Achievable, a Result and Time-scaled). Think about your goals for the business and where it’s headed, and use them to set the compass direction. Plan clear….and make sure your team members have theirs clear too.
This next step is one business owners often overlook – having an organisation chart might sound obvious, but it is surprising how many businesses don’t have one in place. Does everyone working for you know their reporting chain? Your chart should provide clarity around each person’s role in the company and what they’re accountable for.
It’s astonishing really, how many companies don’t have procedures set out for their business, let alone having manuals in place to show people how they work. If the knowledge is in your head or in the head of a few key people in the business what happens if they are no longer there?
All these steps lead to a final one, and in some respects it’s the most critical. That’s the implementation of management systems, it’s the glue that holds it all together. This is a detailed and vital step (it’s the one that will finally give you more time for yourself). You can read more about it in our eBook on Making Your Business Work without You Being There.
Rest assured, if you invest in the steps briefly outlined here you will be able to grow your business so it can work well without you there.
Do you want to have your best year in business in 2017? Speak with one of our business coaches today.