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The Freedom System: Business - Edinburgh
Sat 1 April 2017, 09:00 – 12:30 BST
The Freedom System Investment
Do you own a business or do you work for yourself in a job?
Do you want to scale your business so that it can generate business without you being there?
Do you want to improve your lifestyle by freeing up your time?
If the answer is yes then you REALLY need to understand the power of effective BUSINESS SYSTEMS
Small business survival rates are as high as 91 per cent after one year of trading (but often without much if any profit), but after five years just four in ten small businesses will still be trading
Why is that so many business owners start with big dreams, but after a year or two (if they survive) they settle for less and accept that the only way for the business to survive is by them manning it on a daily basis, with just the odd short holiday (feeling guilty) to recover? They think that they ran out of money or opportunities, that the market was not ready for their ideas, or that their ideas were too old for the market. But that may not have been the case… most likely their business outgrew their initial way of thinking and operating, and now their operation has stalled... drifting away into the oblivion of ‘the job of an average small business’. Surely that was not what their ‘big dreams’ were about.
True long term wealth is created as the result of putting business together consistently, efficiently and in a scalable way. So how can we achieve success in our business without getting burned out in the process and without hitting a ceiling? How can we have a business that supports our life, rather than a life that supports our business?
The secret is ‘business systems’. This is nothing to do with ‘IT systems’. Business systems are the tools that any enterprise, whether a one-man band or a company with 100s of employees, must have in place to guarantee a consistent, high standard and profitable result each and every time. They are the processes, checklists, operating procedures, and business structures that allow the business to function an grow regardless of whether the owner is present or not, and regardless of the size of the business. They also include the strategic and tactical thinking, implementation, recording and analysis of critical aspects of the business. And to implement all this business owners must have the correct mindset.