09/06/2022
"You do not rise to the level of your goals. You fall to the level of your system." James Clear –Atomic Habit
Ever thought of how companies become multinationals?
What do you think they got right?
Having consulted for various businesses in different industries for over a decade, I have come to understand the battle of not having a sound system and structure. I have seen businesses with huge potential struggle because of a failure to clearly define their structure and system.
Before we go further, let’s define some terms:
What is a Business System? A Business system is an organized way of doing things; marked by the interdependence of processes, each with a step-by-step procedure of achieving an ultimate look of success for the problem to be solved. It is important that from beginning to end you can drive predictable outcome; consistently.
Most business men start up as technicians of what they do and who they serve. That's okay in the very early stage. But in order for a company or business to grow and thrive, it must move beyond relying on the so called “Technician” who is now also the company owner. Ge**er uses the franchise model to demonstrate how a business does this: A business must see itself as preparing for franchising. Franchises are prototype businesses that are operated with a singular brand name but different owners driven by a set of ground rules and well-documented and followed upon systems, i.e., there are manuals describing in minute detail how to run that business; mainly without the present of the founding entrepreneur or team. Ge**er argues that the entrepreneur should spend time creating a business that can run by itself, without the presence of the entrepreneur, and this is achieved through business systemization.
Hexavia .uwaoma
#
