Nov
10

How To Evaluate What Is Working And What Is Not In Your Business

By Kim Morris


With Kim Morris, Systems Expert, and Business Improvement Coach  
Systems Insider Ezine Issue # 2
 
 
 
  • A Message from Kim: Feel Good Endorphins 
  • Quick Tip: Find Your Focus – The "Rule Of Three"
  • Kim Recommends: The E-Myth by Michael Gerber
  • What's Coming Up: Get Your FREE 50 Page Report on "How To Make Your Business Practically Run Without You"
  • Feature Article: How To Evaluate What's Working In Your Business And What's Not!

Have you ever noticed that when you exercise, not only do you feel better for it, you are actually more productive and you just seem to get stuff done!  Well, in a previous life, I was a fitness trainer for some 10 years with my own Outdoor Fitness Training Company, and yes I will admit I even used to be a competitive sportsperson, competing in state and national events.  But as I have moved onto other things in my life, my fitness seemed to slowly decline, ever so quietly.
 
So, one month ago, I made a personal commitment to myself that for 30 days, I would  do 20, one hour serious exercise sessions to get my fitness back on track, regain mental clarity and generally just to start feeling better.  Well, I did it!  20 hours exercise in 30 days, and WOW, what a difference it has made and in some many more ways that what I initially thought.  My business has gone from strength to strength and I am accomplishing things that I thought would be way off on the horizon.

When is the last time you did any serious exercise?  Don't underestimate the power in will inject into your business, not to mention your personal life!

 

Do you sometimes struggle to focus on what is important in your business because there just seems to be so much that needs to get done?
 
The "Rule of Three".  This rule is based on the philosophy that if you can get some things done before lunch, after lunch and before you pack up for the day, then you have made an impact.  Choose your three most pressing tasks for the day, and then focus like a laser beam on the most important one and get it completed before lunch, after lunch, focus on the second most important item until it is completed, and finally focus on the third most important item and complete it before you call it a day. They key is to not leave things half done, before moving onto something else! 
 

Michael Gerber's "The E Myth Revisited: Why Most Small Businesses Don't Work And What To Do About It" is one of the most profound and far-reaching of books aimed at the small business owner and entrepreneur.
I read the book about once a year and I know it so well that I'm saying to clients "You need to read Chapter 12 in the E Myth about Your Primary Aim again. You must get this core idea that your business is there to serve your life and not the other way around."

Some Key insights from the Book:


  • Just because you know how to do the technical work – an accountant, a printer, a hairdresser – does not mean that you also know how to build a business.
  • You probably don't because nobody has taught you how to do it and you probably haven't experienced all the different areas that you now have to master.
  • The second revelation in the E Myth concerns the three distinct roles that Michael Gerber has identified – the technician who does the work, the manager who monitors and organises the work and the entrepreneur who, led by a vision, builds the business.
  • Michael Gerber then goes on to take the reader through a typical life-cycle of a small business which is sure to ring a few bells in your mind.
  • The solution recommended in The E Myth Revisited is to build a franchise prototype. 

Two of the chapters that I get people to go back and read again in "The E Myth Revisited" are Chapter 12 on Your Primary Aim (what is your life about – you've only got the one and it is a finite period) and Chapter 13 on Your Strategic Objective (what does the business have to do to play its part in your Primary Aim).

These two chapters very much start defining the issue of work/life balance – do you live to work or work to live?


You Need The E Myth Revisited

Just writing the review of "The E Myth Revisited" has made me want to start reading the book again. It is central to everything I do as a business coach and is required reading for anyone who wants to advise small businesses.

Even more important, it is essential reading for any small business owner. Just click on this link: The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It  .  to pick up your copy of The E Myth Revisited from  Amazon.com (affiliate link)

If you like the sound of The E Myth Revisited but you don't think that you have the time to read it then I recommend a book summary service that produces 8 to 12 page summaries of the most popular business books - Business Summaries.(affiliate link)

Have you read this book? If so, I'd love to read your opinion of "The E Myth Revisited" by Michael E. Gerber and see whether you agree with my  review.


 
 
 
I have finally finished the long anticipated 50 page free BUSINESS BOOST BLUEPRINT".  This report is brand new hot off the press content that is not available anywhere else.  It talks about the 5 step Business Boost D.R.I.V.E System that will help you to create more profits, more improvement, more efficiency and productivity and more freedom. The philosophy behind the report is to help you to boost your business so that you can more effectively drive it forward!   Here's a snapshot:

To lift your business up from where it is now and to drive it forward to the destination of your ideal business you need to:
  1. Delegate Whats Not important
  2. Recruit Your Systems Champion
  3. Identify Business Processes
  4. Validate Business Processes
  5. Enhance Business Processes
 
As a valued subscriber you will be first to get your hands on this hot of the press report – its not rehashed content, and you won't find it anywhere else!  There's no opting in just - Click Here To Download the 50 page FREE Business Boost Blueprint"
 
If you like the report, remember to share it with your friends, retweet it, or leave me a comment.


How To Evaluate What's Working In Your Business and What's Not

Have you ever been so caught up in what you're doing in your business that your actually wondering if it is even working?   I know I have.   That seems to be the joy of small business.   You're constantly giving attention here and there, attending to this while trying to prevent that, basically fire-fighting all the time and as a result things are never really completed or achieved as you would have hoped, and results are sketchy at best.

Well, over the years from working with many different companies, where I have been involved in   implementing software, upgrading web technology, or even just overhauling major business processes, I have realised that the same fundamentals that are used in big companies to determine if something is working or not can be applied to small business.   And I'm not just talking about from a project sense.   I'm talking about everyday operations and transaction that you do (or that your people do) in your business to keep it ticking over.

As with everything in your business, it all comes down to  simple process to really detect what is working and what is not,  what you need to be giving more energy to, and what really doesn't matter in the grand scheme of things.

Its a two phased approach.   The first phase is where you actually need to  identify what your core business processes are  These are the ones that are fundamental in the ongoing operation and viability of your business, without which your business would not survive.   Once you have identified your core business processes for each one you need to ask  "What do I expect should happen as a result of this process".   

Following this, the next question you should ask is  "Is what's really happening what I expected should happen" .  It all comes down to what you expect to happen versus what is actually happening and the difference between the two will help you decide whether or not that business process is actually working. 

With the first part of this exercise, its a really good idea to involve the people who carry out the business processes you're trying to evaluate because they will have an insider's take on any peculiarities and anomalies that might not be so obvious from an outside looking in perspective.

But after all this, after you have identified your core business processes, worked out what you expected "should" happen and what is "actually happening in reality", you're left with a list of your core processes that are probably working OK  and a list of core processes that are just not living up to your expectations .

The second phase of this evaluation process is where you need to determine if you actually need these core processes.   It will take an investment of time and energy to improve them so you want to be sure you will see a return on your investment.   So, from here, your should take your two lists – the core processes that are working OK and those that are not meeting your expectations and start with the list of processes that are working OK.   

Take one process at a time and ask  "Will the continual execution of this process on a regular basis get me closer to my purpose and the ideal vision I have for my business"  

If your answer is a resounding "Yes", then this is a process to keep.  If your answer is a resounding "No", then eliminate the process. 

Do the same now for your list of core processes that are not currently meeting your expectations with the outcome for each being either to "keep the process and work to improve it immediately" or to "eliminate the process immediately because it does not contribute to the growth of your business"

Once you understand this  basic formula for evaluating what is working and what is not working in your business you will be able to quickly and easily determine what is adding value to your business, versus what is taking value out because it is not contributing to your overall goals.

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Comments

  1. Great information! I’ve been looking for something like this for a while now. Thanks!

  2. Find and select some good points from you and it aids me to solve a problem, thanks.

    - Henry

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