How SYSTEM can help you regain time, energy and money
As a small, family business owner, you know how precious time, energy, and money can be. You want to maximize your resources to grow your business, but you may not know where to start. One powerful tool that can help you achieve your goals is creating and improving your business systems.
In his infamous book “The E-Myth Revisited”, Michael E Gerber talks about the importance of systemising your business and working ON your business instead of IN your business. John Warrillow talks about this too in his book “Built To Sell” as does Mike Michalowicz is his book “Clockwork”. In fact, most business books will talk about why it is important to create processes in your business.
Why are systems so important?
It’s because systems run your business and people run the systems. That’s how we get to work more ON the business than IN it, and how we can focus on enhancing our products and services alongside creating amazing customer experiences. It’s how to grow as a business. Remember that most small business owners don’t actually have a business. They have a job, they employed themselves and they gradually grow to hate that job!
Here are some ways that the SYSTEM framework can help you save time, energy, and money.
S – Standardize: The first step is to standardize your processes. This involves creating clear guidelines and procedures on how you operate your business. By standardizing your processes, you can reduce errors and increase efficiency, saving you time and energy.
Y – Yearn for Improvement: The second step is to yearn for improvement. Continuously improving your processes can help you stay ahead of the competition and grow your business. Seek feedback from your customers and employees, and use it to make adjustments and improvements to your systems. Doing this at least monthly (preferably weekly) is best. Be unreasonable in what you expect from your systems.
S – Streamline: The third step is to streamline your processes. Identify any bottlenecks or inefficiencies in your systems and find ways to eliminate them. This can help you save time, energy, and money.
T – Technology: Leverage technology to automate and streamline your business systems. This can help you save time and reduce errors, freeing up your energy to focus on growing your business. For your financial systems, Xero and Dext are an absolute must.
E – Empower: Empower your employees to contribute to your business systems. Encourage them to provide feedback and ideas for improvement. This can help you to identify areas of your business that can be improved and increase engagement among your team.
M – Measure: Finally, measure your success. Use key performance indicators (KPIs) to track your progress and measure the effectiveness of your systems. This can help you identify areas for improvement and continue to refine your processes over time.
By using the SYSTEM framework, you can create and improve your business systems to save time, energy, and money. Standardizing, yearning for improvement, streamlining, leveraging technology, empowering your employees, and measuring your success can help you grow your small, family business and achieve your goals.
How can we help?
Satori Accounting works with small, family businesses who have a desire to regain the passion for their business by finding alignment in their energy, time and money. We can help implement the best tech and apps in your business to get your SYSTEMS in order and working on your favour.