Have you ever stepped back from your business for a few hours to think about what you want this company to give you? Maybe it's the dream you started with, the one that gave you the momentum and courage to quit a job and venture out on your own. Maybe it's the time and support you want to dedicate to your family a...
Systems are the solution, right? We’ve all heard this before, and even EMyth has promulgated this partial truth. But somewhere in all of us is a sense that something deeper must be present to make systemization come alive and create a business – not a bureaucracy. If you believe systems are going to save you, thin...
Most of us don’t go through a single week without buying some type of service product. The increased prevalence of service industries over the last two decades has made this the fastest expanding sector of the economy. The service sector, as defined here, includes the major industry groupings of trade, finance, in...
Jayne’s business was eroding.
"I feel like I've bitten off more than I can chew, Larry."
Grow your business by differentiating your product or service
Well, ready or not, here it comes—the end of the year! The last weeks of December and first weeks of January seem to bring with them a heavier burden—and not a little confusion—to many business leaders.
Do you know how much cash you have? Do you know how that cash flows through your business? The amount of cash you have on hand is one of the most important metrics for the growth and survival of your company. As a business owner three of your primary financial responsibilities are:
At the heart of a systems-driven business is your company’s operations manual. The operations manual is the authoritative guidebook of how things are done in your business. It gives you an effective way of communicating policy and procedures, and gives your employees the independence and security they need to oper...
When was the last time you or anyone in your business was able to say, “I’ve got it under control,” and mean it? With so many projects that need attention and so many details to keep track of, no wonder it’s so difficult to stay on top of things!
Are your employees clear about who’s in charge?
A truly "EMyth'd business" is a systems-dependent business. This will come as no surprise to those of you who are familiar with EMyth. In many circles EMyth is synonymous with systems. But sometimes the idea people have in their heads about systems and how they work in a business are different than what we actuall...
Imagine for a moment a completely debt-free business. No loans to payback. No investors to answer to. Imagine a completely self-sustaining business. A business funded purely by the cash flow your business produces.
Allocating time for developing systems is a difficult task for busy business owners. If you’re familiar with our blog, or any of the EMyth books, you understand the value of developing systems. But adding more work to your already extremely busy schedule can leave you feeling overwhelmed and frustrated. Even with ...
Are you building a business, or are you simply self-employed? Do you understand and recognize the differences? And are you intentional about which path you're on? If you presently have a job but want to strike out on your own, do you want to be self-employed or realize the benefits of true business ownership? Aski...
We get quite a few questions from our community about how to apply EMyth principles to a one-person business.