Skip to main content

5 Keys to Get Your Business Working without You


Business ownership is one of the American Dreams; being able to be in control of your own destiny and have the freedom to choose what you want to do and when.

But for many entrepreneurs, that dream has escaped them. They have fallen into the business trap. The dream of freedom has fallen into the daily challenges and frustrations that struggling entrepreneurs face every day.

No Cash – You may be selling, but there’s never enough cash to pay the bills at the end of the month. There no cash left over to invest in new technologies or to upgrade equipment or put into your pocket.

No Time – You’re not running your business, it is running you. You are spending most of your day solving problems and putting out fires. Instead, you should be planning your company’s next big venture, or just have time to do things you want and spend it with the people you love.

No Team – Instead of having a team of professionals that are working together toward a common goal, you have a group of employees that are looking out on how to better themselves. It’s more about “I” than “We”.

Feeling Stuck – Your Company has hit the glass ceiling. You can see as clear as day where you want to go, but something or someone in your organization is holding you back from crashing through that barrier. Nothing you have tried has worked.

If you find yourself struggling in any or all of these areas you are not alone. These are very common challenges for most businesses. Though very common, successful businesses have learned to overcome them by focusing on these 5 areas to get there businesses working hard and they can enjoy more life

  1. Planning & Vision – Having a common focus & goal that everyone can buy-in to.
  2. Leadership Development – The business is not working because you are. You need to develop leaders within your organization that are aligned to the company’s focus and goals that will run organization.
  3. Test & Measuring – What gets measured gets improved! Each leader and team member in the organization needs to have an activity based scorecard to help them stay on track towards reaching the company’s goals.
  4. Systems –Leverage is about doing more with less. To get your business working as hard as you do, you need to create written systems for your team to follow to drive consistency throughout your organization.
  5. ImplementationWithout Action nothing happens. This is where accountability and discipline come together. This is where most businesses get stuck and spin their wheels.  Your organization must agree on 3-7 priorities that they will focus on. Each team member must know and be responsible and accountable to how their role leads the company towards achieving your top priorities.


Comments

Popular posts from this blog

Are Your Employees Keeping Up With Your Growth?

There is one challenge that I see that keeps popping up for organizations that hold them and their teams back from achieving more. Are your employees having a hard time keeping up with how rapidly your business is growing? If your team is struggling to handle the capacity of work that comes from scaling your business, I'm going to suggest to you a few strategies to help them to keep pace with your organizational growth. If you've noticed that projects seem to be falling through the cracks, the more work that your business has, this is a great thing for your business but not so good with the things that are falling through the cracks, right? I suggest to don't be too hard on your employees because maybe it might just be very hard and difficult to adjust to the growth of the heavier capacity of the work that they now have. Instead of cracking down on them, you need to focus on being heavy on accountability. If your employees are missing deadlines or aren't completing ...

Creating An Automatic Business

  How do you create an automatic business that runs without you? This is not just theory. It comes from guidance, a system, and a commitment from the business owner that they want to work on it. Let's get started with the definition of a Business according to ActionCOACH.  It is a commercial profitable enterprise that works without you - the business owner. You see, when I work with my clients, I get them to just work on one of these areas. Is it a commercial enterprise? Or is it a profitable enterprise that works without you? See, I meet lots of entrepreneurs that want to start, maybe, one, two, or three businesses, and guess what? They all have the same problems. Because the fundamentals are not set up correctly. Commercial means that you're selling something that people value or something that they want to buy. Profitable means that you understand enough about your business finances that you could possibly increase your profits without even increasing your revenue or even ...

5 Things You Need To Know To Take Your Business To The Next Level

  One of my favorite things I help business owners with is guiding them to turn their dreams into reality. Big dreams and goals are scary and that's why many people don't pursue them. What stops most of us is that we don't know where to begin. Let us start with a simple formula... Dream x Goals x Plan x Action = Success What is that multiplier?  It's our learning.  What we learn...helps us dream. But now we have to ask ourselves what do we need to learn to turn that dream into a goal? Or our goal into a plan? Or what do we need to learn to take our plan into action? In business, we will grow to our level of incompetency and stop.  Let's take a look at the process by which learning actually happens. The whole process of learning is, well, let's start with timing - how far ahead do you need to learn something? Do you need to learn it the day before you need it?  No, you need to be learning stuff at least a year prior to needing it. You need to learn stuff at leas...