Getting away from the inner workings of your business and building a self-sufficient business can provide you with valuable free time. Here’s why you need processes to run your business without you!
“Work smart, not hard.”
Starting early with effective systems and processes will help your business be more consistent, productive, confident and increase overall growth.
Two most important factors of implementing systems and processes in your business are efficiency and accuracy. Systems and processes have a significant role in growing a company. They serve as the essential blueprint that support business the growth of your business. Learn more by watching this video.
How To Run A Business That Can Without You?
Many entrepreneurs aspire to build a company that can run on its own one day. As my company evolved, I was always intrigued when I met business owners who went on holidays and adventures, certain that their businesses would continue to run well while they were gone.
The ultimate asset to own is a business that is not dependent on its owner. It gives you complete control over your time, allowing you to choose which projects to work on and which vacations to take. When it comes to exiting, a business that is independent of its owner is far more valuable than an owner-dependent company.
1. Build a business process system that runs smoothly even without your 24/7 supervision
Check to see if your company includes instructions. Create an employee handbook or Standard Operating Procedures (SOPs) (SOPs). This is a set of rules that employees in your company can follow for repetitive tasks. This ensures that employees have a rule book to refer to when you’re not around, and when an employee leaves, you can quickly replace them with a replacement to take on the job’s responsibilities.
Take the time to document your procedures in order to familiarize interested parties and quickly bring potential new members of your management team up to speed. We understand that most business owners despise “paperwork” like this. However, taking the time now to document your procedures will pay off handsomely when it comes time to negotiate with buyers later.
2. Delegate team roles
To achieve maximum business autonomy, you must match employees’ inherent strengths to key jobs while constantly adjusting for market change and people growth. Make sure that the right people are doing the right things at the right time.
Allow employees to do their jobs since you hired them for a reason. You obtain a group of motivated and empowered team members when you give team members particular roles and move out of the way to let them fulfil them.
3. Take advantages of tech tools
Business technology can save you time and money so your business can grow. Task management software is a simple and cost-effective way for small business owners to save time and money. Any tool that allows you to track a task digitally rather than manually is a godsend for busy business owners who want to save time communicating and tracking their own and their employees’ work.
Online task management tools such as Asana and Trello can assist you in keeping track of your to-do lists, project progress, and calendars. You can set up automatic reminders and updates so you don’t have to spend time manually checking everything. These also serve as collaborative tools, ensuring that everyone on your team is aware of what has been completed, what is still outstanding, and who has been assigned to the task.
4. Email and social media marketing
Many daily “busy work” tasks can now be automated, allowing business owners to concentrate on more cerebral endeavors. Email marketing systems (EMS) like Aweber and MailChimp make it simple to keep your email subscribers up to date on company news, important deals, and promotions. Even better, many EMS platforms will automatically distribute your email newsletter to your social networks, eliminating the need for you to post on your own.
Social media scheduling tools like Buffer and HootSuite allow you to schedule posts to go out on specific dates. You can also write up a week’s or month’s worth of posts ahead of time and then use these scheduling systems to send them out exactly when you want them, allowing you to grow your business without spending too much time on social media.
Let Growth Happen
There are numerous options for technology, tools, and platforms to assist you in growing your business. Once you’ve decided what you want to accomplish, spend some time researching the best options for you and your company. All of these tools (and others like them) free up your time, allowing you to accomplish more in a given day. They may also reduce the need for additional employees, lowering your overhead costs. That means you have the time and money you need to expand.
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