Dreams do happen! What you invest in can become a fact - and a business isn't an exception. The vision of owning one's own business can grow until someone finds a method to let it sprout into fruition. As you look around any town, or on the internet, it is possible to see the truth of this. Few, if any, of these businesses were there 40 years ago. Somebody's dreams came true because of the difficult work they invested.
Unfortunately, not all of these enterprises are as fulfilling as the creator originally dreamt. While working tedious hours for some other person as a technician, for an hourly wage, and possibly few benefits or holidays, people frequently think, "Boy, sometime I will have a business of my very own, and I will not have to do this." At about that point, it's helpful to hear from other experienced entrepreneurs who can give information. At last, some people do procure their own business but without direction, they find they're now working even longer hours, making less money and having less vacations than they did before. They have turned into being an engineer at their own business.
There is not any one to shield them from the implications of their choices and obligations now that they're the administrator.
How can one avoid this dilemma? By building a business that functions as adeptly as a franchise. By making a model business that someone else could copy, that means putting each step of each process in writing. By building a prototype. The product itself takes second place to the process of how the business itself functions. The method rules the business, not the product.
Main elements of making this type of business are: (1) quantifying everything! What number of this, how many of that, tracking in writing exactly what is going on (examples are how many customers call or come in during each hour of the day, which are the peak hours, how many customers turn right after walking in the door and how many turn left), (2) creating an organizational chart based on what must be done, not on who does it (building a company around personalities seriously limits progress, regardless of if it is 'your ' personality), (3) be consistent (the same color scheme on everything - the web page, the letterhead - the automobiles - the uniforms - the paint on the walls - the chairs).
Build an image that stays in the customer's mind. McDonalds stands out as the prime example of the above. The image is consistent: they know exactly how many oz. of each item are retailed in one day, and which hours are the most productive. The turnover of staff boggles the mind yet the service is matching. And, from a McDonalds in London, to one in China to one in Brazil, the purchaser expects precisely the same product.
The new entrepreneurial business with only one or two staff can be developed with the same precision. If it's not, the person playing the combined role of owner/boss/janitor will probably remain a technician with a shattered dream.
By working ON one's business, rather than IN it, the new owner/chief can radiate success, have joyous time with his/her folks daily, and even enjoy several vacations every year.
Unfortunately, not all of these enterprises are as fulfilling as the creator originally dreamt. While working tedious hours for some other person as a technician, for an hourly wage, and possibly few benefits or holidays, people frequently think, "Boy, sometime I will have a business of my very own, and I will not have to do this." At about that point, it's helpful to hear from other experienced entrepreneurs who can give information. At last, some people do procure their own business but without direction, they find they're now working even longer hours, making less money and having less vacations than they did before. They have turned into being an engineer at their own business.
There is not any one to shield them from the implications of their choices and obligations now that they're the administrator.
How can one avoid this dilemma? By building a business that functions as adeptly as a franchise. By making a model business that someone else could copy, that means putting each step of each process in writing. By building a prototype. The product itself takes second place to the process of how the business itself functions. The method rules the business, not the product.
Main elements of making this type of business are: (1) quantifying everything! What number of this, how many of that, tracking in writing exactly what is going on (examples are how many customers call or come in during each hour of the day, which are the peak hours, how many customers turn right after walking in the door and how many turn left), (2) creating an organizational chart based on what must be done, not on who does it (building a company around personalities seriously limits progress, regardless of if it is 'your ' personality), (3) be consistent (the same color scheme on everything - the web page, the letterhead - the automobiles - the uniforms - the paint on the walls - the chairs).
Build an image that stays in the customer's mind. McDonalds stands out as the prime example of the above. The image is consistent: they know exactly how many oz. of each item are retailed in one day, and which hours are the most productive. The turnover of staff boggles the mind yet the service is matching. And, from a McDonalds in London, to one in China to one in Brazil, the purchaser expects precisely the same product.
The new entrepreneurial business with only one or two staff can be developed with the same precision. If it's not, the person playing the combined role of owner/boss/janitor will probably remain a technician with a shattered dream.
By working ON one's business, rather than IN it, the new owner/chief can radiate success, have joyous time with his/her folks daily, and even enjoy several vacations every year.
About the Author:
CatalystMLM is a 'no pitch, just price ' community for multi-level marketing specialists. The resource library is filled with valuable coaching and interviews from top revenue earners like Ray Higdon, Todd Falcone, Kate Northrup, Michele Reynolds of Send Out Cards, and more.
via oneofthebest
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