Reasons You Need To Make A System For Independence

Posted by Finance Professional on February 27, 2011 under Small Business | Be the First to Comment

Every entrepreneur knows that setting goals is crucial to business success. Now, if you don’t have an idea where you are headed, then how can you know when you are there? Or, even more important, when you are going in completely the opposite path?

Now, if you own a small business, what’s the ultimate goal? To reach the last of the month with enough cash deposited to pay your employees? To take off on a holiday for the first time in many years?

All small business owners should ultimately have the same goal – later or sooner, to reach independence from the business. Little businesses go to large businesses when they can run efficiently with the owner not being there. At the point you can stay away for one week, or over a month, or a year, and come back and see your business going better than when you left, you can then do what you want, such as sell the business and start a new one, retire, purchase a yacht and travel around the world.

Real financial freedom is the ability to live your life doing what YOU desire to. Do you really want to show up for work an hour early every day, leave late at night and never take off for a holiday, for the rest of your life? Hopefully not.

So, what is the main part of being able to walk away? It’s easy. You need a system so everyone in your business knows exactly what they are expected to do. And depending on the business, you might even have to have a system in place to help with the motivation of your employees.

Whether you own a popular franchise, an MLM team, an ebook store, or a car shop, you need a system so that things run smoothly while you are not present.

When you take on a new employee, how do they learn what they’re expected to do? Does an existing worker take them in charge, explaining the way things operate? What way can you ensure that that new worker is learning what you would have them to know?

As the owner of the business, it’s your job to ensure a method is put in place as the business gets bigger. The system will ensure that everybody knows what they have to know in order to do their work efficiently.

How do you think businesses like McDonald’s are able to manage thousands of restaurants across the globe? McDonald’s front office does not market french fries. They market franchises, and their consumers are the franchisees. The most valuable asset they possess is their system. It takes care of what workers wear, the words they say to consumers, how many seconds a patty is put on a grill etc. With all of the variables inside of their business, every contingency is run by their system.

A system makes it possible for new workers to fit in easily. They are educated on ‘the way we do things around here’. They are taught the specifics of their job. They may be required to sign an agreement of performance.

In a great system, there is still space for individuality. Better ways of executing things can always be sought out and encouraged, and afterwards written into the system for the future.

The system will provide the ground work for ensuring that your business is not ever dependent entirely on any one individual. If you are a business owner, your future depends on the quality of the system you build.

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