I really liked this book called E-Myth Revisited by Michael. E. Gerber because he addresses one of the most common problems most entrepreneurs face and explains how to get out of the rut in a story-book sort of narration.
One thing that stands out in almost all of his books is that he is a strong advocate of building systems for running your businesses better. Let’s assume that you are a graphic designer and you started out your business as a freelancer – a sole-proprietor. You started out on a good note and you now have a steady list of clients. The trouble however, as you will soon come to realize, is that you now have too many clients to handle because you only have two hands and 24 hours a day. You just can’t work for every client. It would be nice if you had a team of designers working for you, don’t you think? It’s called leverage – where you use other people’s time and profit.
The trouble is:
- You just don’t think you can find someone as motivated and productive as you to take over and deliver work for that client.
- Even if you do find them, you will see that they won’t stay for more than a handful reasons and,
- It’s not easy to manage a team of people.
You are looking at one of the most common reasons why so many businesses fail. The only way “not to fail” is overcome these three problems. To do that, we must develop systems.
It’s like push-button business. Here, push this button and money comes in. Push that button and this happens.
The true test for the efficacy of your business systems is to see if your grandmother or your 5 year old kid can run it for a day or two. I am so intrigued by the power of developing business systems that I shall develop a series of posts just for that, what do you think?