As first mentioned last week in Part One of this series, Innovation, we believe that one key to succeeding in business is through analyzing and improving business development systems. According to Michael Gerber, business development comes through a cycle of "innovation, quantification, and orchestration." Systems...
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.
Most business owners would agree that maintaining or increasing sales is a vital need for their business. It's a common misconception, but many businesses tend to think of increasing sales only when things get slow. There are, however, many other reasons to increase revenue aside from simply compensating for a slu...
Ask the Fortune Magazine experts for guidance about how to handle small business growth and what will they say? They'll tell you to read the E-Myth Revisited.
This EMyth notion of "working on it not in it" has to be – by far – the most unanimously embraced concept and seemingly, the most elusive. I would go so far as to say that it is the number one reason business owners from around the globe attend a training here in the Sonoma wine country to work on their business ...
Several times a year, we offer public seminars for small business owners ready and willing to work strategically on their business in a supportive environment here in the Sonoma wine country. I have been involved with these events the last few years and am consistently inspired by the entrepreneurs I meet. Their d...
What’s more important to you? A one-time purchase, or a customer with a long-term relationship with your business? Customers-for-life is the strategy and the hope behind all great brands.
My client, Terry, always had a hard time finding the right time for our meetings. No matter when we scheduled our calls, Terry was anxious that five people would be sitting around doing nothing if he wasn't available to take sales calls and assign them. There were only so many hours in the day. Those hours transla...
If you ever want to sell your business, you need a plan. Depending on the size of your business, proper strategic exit planning can take anywhere from 1 to 7 years to do right.
The first step in any successful endeavor is defining what a win will look like once the project is complete. When an artist begins a painting, he typically has a vision in his mind of what the painting will look like when it is finished. When a football team takes the field, they know the definition of success—a ...
I've been working with a client who was struggling with self-organization and time-management. After our last meeting, he took it upon himself to create a weekly list and make note of all of the different projects, initiatives, conversations, and people that he was avoiding in his business that built up during the...
On any given day, UPS delivers 15.8 million packages and documents around the world. Their delivery fleet consists of 93,637 package cars, vans, tractors and motorcycles. Those signature brown UPS trucks are everywhere! You can’t help but notice them on the road. But here’s something you may not have noticed: UPS ...