Stable, Profitable Business that Runs Without You - Area 9 of 9: Systems – Improving the Long-Term Sellable Value of Your Business
Lee Huffman
Successful leaders have multiple proven advisors: Board Members, Trustees, Coaches and Mentors. To be average, we don’t need a coach to help us see our blind spots and grow. But who wants to be average?
Systems are the backbone of your business, determining its long-term sellable value.? Solid systems, consistently updated and followed, allow for a stable, profitable business that runs smoothly without constant owner attention.
By investing in your company’s systems, you open up opportunities such as going passive, significantly increasing the business's sale value, creating a franchise, or passing your business down as a lasting family legacy.
Before diving into these possibilities, assess how many of the following are TRUE in your business:
1.? Systems are documented in a standardized way
2.? Systems are stored in a structured filing directory
3.? Critical systems are listed with their development and review status
4.? Every system has an identified owner and a backup
5.? All data is backed up off site daily
6.? Weekly, monthly, and quarterly checklists are utilized
7.? There is a clear Systems Plan followed for each department
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8.? Departmental systems plans are reviewed quarterly
9.? Business Dashboard is fully utilized internally
10.? Owners access the Business Dashboard from anywhere
At Professional Development USA, we have been assisting business owners directly since 2003 by leveraging our experience of creating, developing, and selling successful businesses.? Our strategies on building efficient systems enable businesses to operate independently, leading to long-term success.
Sign-up to learn more by experiencing business coaching for free…
We offer free, first-time, coaching sessions to six business owners each month.? If you have 10 or more employees, you qualify for a free initial coaching assessment and review.
To explore business coaching, book a slot on our calendar for an initial coaching session at https://calendly.com/prodevusa/30min.? When you do, we will send you a more detailed business assessment based on our “Nine areas of business success” model that you can complete to see where we should focus.? Then we will discuss this assessment in our initial coaching session.
NOTE: Be sure to put the meeting time and Zoom link into your calendar.? You will not want to miss this opportunity.
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