"Most businesses fail because owners work in their business instead of on their business"- Michael Gerber
I was listening to an audio book today and the author if Emyth stated a version of this quote. I immediately agreed with him.
I have been around many CEOs and many do not have business that they can sell. They have no systems. They just show up for work and without them the business lows down or stops/
If you do not have training manuals for each position and training for new people in each role then you are not running a true business. You are running lean and if any one decides to quit then you will feel immense pain. The more systems you have the easier it is for you to convince an outsider that you are not needed for day to day operations and the business could be bought if profitable.
Today's question is:
"Do you believe in systems or are you just n business?"
I was listening to an audio book today and the author if Emyth stated a version of this quote. I immediately agreed with him.
I have been around many CEOs and many do not have business that they can sell. They have no systems. They just show up for work and without them the business lows down or stops/
If you do not have training manuals for each position and training for new people in each role then you are not running a true business. You are running lean and if any one decides to quit then you will feel immense pain. The more systems you have the easier it is for you to convince an outsider that you are not needed for day to day operations and the business could be bought if profitable.
Today's question is:
"Do you believe in systems or are you just n business?"
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