Keep reading for FREE
Stop working in your business and start working on your business. Think of your business as the product that you are developing. Develop systems and procedures to create your products and services. Continue to improve these processes.
Turn Key business is the act of setting up your business so that you have systems and process set up for a consistent, effective, and orderly way of doing business. Day in and day out, so that the business is systems dependent and not people dependent. The real product you’re selling is your business. Not the product your business sells to consumers. Think Mac Donald's.
Documenting all of the steps that go into marketing, creating new products, sales, book keeping, everything.
The systems need to guide every aspect and stage of the business including solutions to problems that might arise. The model must provide consistent value to your customers. It must be operated by people with the lowest necessary level of skill. You have to make people expendable. Including yourself. Everything that you do in the business must be documented in the operations manual.
Entrepreneur, the Manager, and the Technician. The entrepreneur is the visionary who thinks ahead and makes plans for the future, the manager, establishes order in the workplace, trying to create consistency. And the technician, the worker and the doer, is the person who does the technical work. Most people are technicians turned business owners.
A business owner needs to be all three. In different ammonts depending on the maturity of the business.
A business should grow through the following stages.
The infancy stage is where the business operates on what the owner wants rather than what the business needs to grow and succeed. The owner does most of the work himself. This stage ends when the owner can’t keep up with demand and supply or quality drops. The end of this stage is where businesses either fail or succeed. Infancy ends when the boss realizes things cannot continue the way they have been. If you’re still only a technician, this is where many people decide to walk away.
The adolescence stage is where you’ve decided to let your business grow and it begins to reach outside of your comfort zone. For the The work becomes too much for a single technician to handle and the business can grow to the extent that subordinates can be managed. For the entrepreneur it is how many managers he can keep motivated to heading towards the vision.
If you can expand your comfort zone to increase your ability to handle the expansion, you will enter into the maturity stage.
The ultimate goal of any entrepreneur. The maturity phase means your business has a clear vision and purpose. The owner must handle the entrepreneurial aspect of running a business by hiring managers to follow the vision of the company and to manage the technicians who are doing the work.
Figuring out exactly who your customers you serve are and how you can add more value to their lives. When you have a mature business you can really focus on creating an impact.
In order to run a successful business, you can’t remain just a technician. You can’t hire people to build your business for you and hope they get it right. You need to focus on making the business everything you want it to become. You need to take the time to make it systems dependent so you aren’t relying on any one person.
The idea is to be able to step out of your business with the knowledge that the business will be able to opperate as you intended without any further input.
I am on a personal journey to discover myself and to better understand my role in the universe. To live a good life and to be a good husband, parent and provider. Where possible share the knowledge that I collected.
MORE LIKE THIS
Ready for the next level?
Read Like a Pro
Explore the World’s
Take Your Ideas
Just press play and we take care of the words.
No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.
2 Million Stashers
Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.
Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.
Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.
This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!
Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.
Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.
I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!
Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.
Read & Learn
Access to 200,000+ ideas
Access to the mobile app
Unlimited idea saving & library
Unlimited listening to ideas
Downloading & offline access
Claim Your Limited Offer
Get Deepstash Pro
75% OFF | 1-Year Pro Subscription