{"id":526,"date":"2020-07-24T07:29:17","date_gmt":"2020-07-24T12:29:17","guid":{"rendered":"http:\/\/blog.harveker.com\/?p=526"},"modified":"2020-07-24T07:29:17","modified_gmt":"2020-07-24T12:29:17","slug":"systemize-business","status":"publish","type":"post","link":"https:\/\/www.harveker.com\/blog\/systemize-business\/","title":{"rendered":"Systemize Your Business | Tips To Create Wealth By T. Harv Eker"},"content":{"rendered":"

What\u2019s the definition of a business system?<\/p>\n

It depends on if we\u2019re talking about funny business, show business, or serious business. There are all types.<\/p>\n

But let\u2019s focus on serious business. And though I kid, it\u2019s nothing against the mom-and-pop businesses out there, the stores people love to go to specifically because there are certain people there who run them, know everything there is to know, answer questions honestly and conduct business with integrity. The same goes for any small business owner who operates like that.<\/p>\n

There is, however, no way around the truth that you\u2019re not really a business owner if that business can\u2019t run without you. Just because you start a company and you work for yourself doesn\u2019t mean you own a business in the entity that we\u2019re talking about here. At best you\u2019re a business manager, and without systems in place that repeat themselves in a multiplying effect so the business runs without you, that business could very well feel like it owns you.<\/p>\n

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The business system definition is \u2018A repeatable process that produces a profit.\u2019 If it doesn\u2019t produce a profit, it\u2019s not really a valuable business system. So the idea is to systemize your business so that it can work without you. Most people do not own a business, they own a job! They\u2019re self-employed. But even if you employ yourself you\u2019re still an employee, and like most employees, you\u2019re probably still freaking broke, or at least you\u2019ll never create wealth.<\/p>\n

Some of you are probably familiar with Robert Kiyosaki and the Four Quadrants. \u2018E\u2019 stands for Employee. You have a job working for someone else. The \u2018S\u2019 stands for Self-employed. You own a company but you are the one providing the primary service. You are the primary product. Without you, the company doesn\u2019t exist.<\/p>\n

So the only two ways that you can create wealth are the \u2018B\u2019s and the \u2018I\u2019s, the Business owners and the Investors. Simple math. You can never get rich with a limit on your income.<\/p>\n

If you have to be there for your value to be delivered, you will dramatically limit your income! The same problem occurs if you make your money by the hour or by salary. You\u2019re being paid for your time. Time is limited!<\/p>\n

I am not putting anybody down for being employed or self employed. What I would say is that it\u2019s going to be very difficult for you to create wealth and you need to re-structure your thinking, time, and energies in a way that can produce wealth.<\/p>\n

That\u2019s where systemizing comes into play. The business systems approach considers the company as a system of interrelated factors of strategy, management, workers, finance, processes, procedures, products, suppliers, customers, and competitors\u2014make no mistake, when it\u2019s growing, it\u2019s a frickin\u2019 job!<\/p>\n

But the better job you do of getting the right people in there and balancing those systems, the more vacation time you have coming with some pocket bills to boot!<\/p>\n

Now it\u2019s your turn! The stories of small business owners can be of great value to the Millionaire Mind community. The issues and challenges are so common it can be cathartic to share some of those insights from fresh experience. It\u2019s your turn to share!<\/p>\n

Want to know how to systemize your business? Free up your time, produce more wealth and create a valuable business system that can run on its own with this advice from T. Harv Eker.<\/p>\n

How To Systemize Your Business To Run Without You<\/h2>\n

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 <\/p>\n

What\u2019s the definition of a business system? It depends on if we\u2019re talking about funny business, show business, or serious business. There are all types.<\/p>\n

But let\u2019s focus on serious business. And though I kid, it\u2019s nothing against the mom and pop businesses out there. There are stores people love to go to because there are certain people there who run them. These business owners know everything there is to know, answer questions honestly and conduct business with integrity. The same goes for any small business owner who operates like that.<\/p>\n

There is, however, no way around the truth that you\u2019re not really a business owner<\/em> if that business can\u2019t run without you.<\/strong><\/p>\n

Just because you start a company and you work for yourself, that doesn\u2019t mean you own a business in the entity that we\u2019re talking about here. At best you\u2019re a business manager. <\/em>Without learning how to systemize your business in ways that repeat themselves creating a multiplying effect so the business runs without you, that business could very well feel like it owns you.<\/p>\n

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How do u run a successful business without getting overwhelmed? Systemize, Automate, Delegate. And stick to your boundaries!<\/p>\n

— Nika Stewart (@NikaStewart) February 6, 2016<\/a><\/p><\/blockquote>\n