Why are good systems vital within your business? Too many business owners are spending their time working in their business rather than on their business, driving it forward. This blog helps you identify how to improve your systems.
Good systems increase the value of your business and ensure it works efficiently and effectively when you are not there. This frees up your time to focus on what matters for growing your business and enables you to relax and enjoy holidays and time away from your business.
Did you know that a survey of Yorkshire SMEs showed that they would pay an average of 86.77% more for a well systemised business to a poorly systemised one?
A great place to start is using an organisational chart, based on functions rather than job titles. How much time are you spending working in more than one box? The challenge is to remove yourself from the boxes, starting at the bottom as these are the tasks that business owners should not be focusing on.
How do you step out of the box? You leave a system behind to ensure your team can confidently take the right action. Create step by step systems (with scripts or videos where required) on precisely how to do the tasks. This needs to be combined with training and then monitoring. You may need to step back in and tweak the system or re-train your team until you are happy that your team are delivering consistent outcomes to your high standards. Only at this time can you step out of the box with peace of mind and focus your attention on working on your business, rather than in it.
How Hallidays can help
If you would like support to develop your systems or help to maximise the value of your business please contact our Corporate Finance Team on 0161 476 8276 or email [email protected].