Nobody likes to think they’re replaceable. As business owners, often our sense of self is tied up in our business too, which makes it even harder for us to imagine our business running without us.
And yet, it is a necessity if we want the freedom to take holidays and sick leave throughout the year. More than that, it’s absolutely vital if we find ourselves in a position where we need to take a step back from the business or maximize its value to a prospective buyer. A large part of a business’ sustainability is dependent upon how well it can survive without you – the business owner.
I’ve said it before and I’ll say it again – the best way you can ensure that your business can run successfully without you (or any of our team members) is if you put sufficient systems in place to support the day-to-day operations, including your leadership team’s decision making process.
These systems should be able to handle major processes that take place within the business as well as keep track of important information and formalise communication so that if one person leaves without warning, the business doesn’t collapse in a heap.
Do your systems make sure that each of the following conditions are met?
1. No detail is overlooked.
2. The client is always valued.
3. Each staff member knows what to do, when to do it and how their role impacts the overall picture.
Good systems make sure your business is sustainable, scalable, efficient, and profitable.
Implementing good systems across all areas of your business helps you and your team work smarter, rather than harder. It also helps minimise the risk to your business, whilst maximising the return.
Do you want to alleviate some of the burden that sits on your shoulders? I always enjoy talking about my experiences with business systems and succession planning. Send me your questions via email: bruce@genesisba.com.au
And yet, it is a necessity if we want the freedom to take holidays and sick leave throughout the year. More than that, it’s absolutely vital if we find ourselves in a position where we need to take a step back from the business or maximize its value to a prospective buyer. A large part of a business’ sustainability is dependent upon how well it can survive without you – the business owner.
I’ve said it before and I’ll say it again – the best way you can ensure that your business can run successfully without you (or any of our team members) is if you put sufficient systems in place to support the day-to-day operations, including your leadership team’s decision making process.
These systems should be able to handle major processes that take place within the business as well as keep track of important information and formalise communication so that if one person leaves without warning, the business doesn’t collapse in a heap.
Do your systems make sure that each of the following conditions are met?
1. No detail is overlooked.
2. The client is always valued.
3. Each staff member knows what to do, when to do it and how their role impacts the overall picture.
Good systems make sure your business is sustainable, scalable, efficient, and profitable.
Implementing good systems across all areas of your business helps you and your team work smarter, rather than harder. It also helps minimise the risk to your business, whilst maximising the return.
Do you want to alleviate some of the burden that sits on your shoulders? I always enjoy talking about my experiences with business systems and succession planning. Send me your questions via email: bruce@genesisba.com.au
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