What does it take for an entrepreneur to start, scale, exit, and repeat the process over, and over, and over again? There are 28 million small businesses in the United States. 99% of small businesses are small and do not scale, why only a mere one percent reaches the big bucks?
It all starts when you figure out the process
Having a process set in place and a plan that is ready for action can allow you to adhere to a guide and stay in line with what you need to do to achieve future goals.
A goal-setting tactic is a game-changer. Having three to five measurable goals allows you to stay on track with your immediate goal and aligned with the company’s goals.
Creating custom processes for your business will help you automate things in the future. You want your team to spend most of their time on what they’re good at, not doing mundane tasks.
The team you have around is the core and foundation of your company. However, systems should be put in place to not rely solely on your people or keep them from the more complex tasks.
Then you tweak to evolve
The processes and people you need in the initial stages are much different to stage two, three, four, or five.Michele Van Tilborg
Don’t skip the steps between; you need to go through each step and phase of your journey to have it all covered. This is how you get to learn about your business processes
Leading Key Performance Indicators (KPI’s)
There’s no point in setting goals if you don’t know how you will measure success. Without KPI’s you’re flying blind; you’re playing in the fog!
How can you correctly and successfully arrive at that destination if you don’t know where you’re going? Learn more about other entrepreneurs’ experiences by listening to the full session above.