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If You Want to Be Your Own Boss, Have A Look At This...

May 24, 2008
Goals are considered one of the decisive factors which can take you and your business to the top of the success. Every successful industrialist must know this fact. If you have started your business and you don't have a certain goals, then you may go in the wrong way where you may not get the success you deserved.

If you're the owner of a small business, what is your goal? Yes, it will be to make enough money at the end of the month, to cover the payroll, to take a vacation for the first time in five years.

Every entrepreneur will be having goal to become independent within a long or short period of time. The start-up and goals of the business is must be in such a way that the business must run smoothly even in the non-existence of the owner. When you are out of station for sometimes and can't look after your business for few days, and when return back you should find your business running in a better than before you left. At this point you can do whatever you want like, sell the business, start a new one and so on.

If you want to lead your life according to your aspiration, independently, then finance plays a crucial role. Is there anyone who wants to roll up for job an hour early day? Is there anyone who wants to leave home at the mid night for work? Or is there anyone who wants no vacation, for the future? I can't even imagine this.

The above is just an explanation of a job that everyone hates and which is truly miserable that one can do. This is not only in the case of job holders. This is what most of the small business proprietors and mom and pop shops are doing. So, it is commonly referred as "buying a job".

So what is the key to being able to walk away? It's simple. You need systems in place so that everyone in your business knows exactly what's expected of them. And you have to spend the time working on your business not just in it, to insure that those systems get built.

When you take on a new employee, how do they learn what they're expected to do? Does an existing employee take them in charge, explaining how things work? How can you be sure that the new employee is learning what you want them to know?

As the owner of the business, it's your job to ensure that systems are put in place as the business grows. The systems will ensure that everyone knows what they need to know to do their job effectively.

Your systems need to include employee training, product development & testing, inventory, accounting procedures, customer service, hiring & promotions, marketing, facility management and so on. Every aspect of your business needs to have basic systems in place to insure that it runs smoothly in your absence.

A great book to help you in creating these systems is called the E-Myth by Michael Gerber. It's a really good read and enormously helpful in building your understanding in how systems help grow your business.
About the Author
Pam Hamilton is the home business coach. Having honed her skills as an experienced attorney, real estate investor & successful entrepreneur of her company, "Build-A-Biz.com" For Tips, Strategies & Resources on Starting & Building Your Business Sign-up now!!!
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