Lesson 3 - Have a Business Plan including an Exit Plan Problem: Most business owners start off with a very lengthy and detailed business plan that if you try to find it six months later you'll have troubles locating it. It goes into a drawer to be lost and never seen again. Solution: It is important [...]
Lesson 2 - Systems, Processes, and Procedures Problem: Most Businesses don't have well defined Systems, Processes, and Procedures. This leads to waste, inefficiencies, and a lack of productivity inside the business. Solution: Business owners need to devote the time and resources needed to try, test, and document Systems, Processes, and Procedures they use to run their [...]
Lesson 1 - Build an Asset not a job. Problem: Most business owners build a job for themselves that no-one else wants. Solution: You must build a business that grows into an asset that everyone wants. There are many ways to build your business into an asset but it can't be done overnight. A business that [...]