The fifth step to creating a better business is establishing Synergy. Synergy is about integrating the elements of mastery, niche, leverage and team to work together so that the whole result is greater than the simple sum of its parts. Now it is time to employ a general manager to manager on a day to day basis. The business really starts working like a well-oiled machine producing cash and freedom for the owner – you!
Use the checklist below to see how your business looks right now:
1. Each member of my team is inspired in their role, contributing
to the company’s vision and mission
- I have a system for career planning within the company
- I have an ongoing training system for staff including time management training, sales training and team skill based sessions
- Each team member has a personal and professional development plan that they regularly review with their manager
- All of my staff have job descriptions and after 1 year, can fill in completely for their manager at any time
- My business has contingency staffing plans in the case of any absence and staff are cross-trained so as to remove “kingpins”
- I have identified, appointed and groomed a general manager so I can walk away from the business and still get massive results
- I don’t have to show up at work every day & can take extended holidays without impact on the business’s results
- I enjoy and am motivated by my role in my business
- I know the current market value of my business and have an exit plan for when I choose to exit
- I have a documented plan for the business continuation and transition if I were to die or become physically unable to work
- I have a written investment plan for the excess capital that is being produced by my business
- My business fulfils my life goals
Learn more at our next Free Seminar – see EVENTS to book your place