June 29th, 2011 David Finkel (Taxloopholes.com Advisor)
Last weekend’s business owner success conference was amazing. We had well over a hundred business owners participate and the feedback was really gratifying. Thanks to those of you who participated.
Today I want to focus on something that got a huge response from the participants this past weekend – the idea that control is a trap.
Let’s face it, in your business, the more “control” you have, the more you have to personally be there to exercise that control.
Now I can already hear some of you saying, “But David, if I don’t keep a close eye on them, how can I make sure that the right things are actually getting done?”
This is where “CONTROLS” with an “S” come into play…
What Are Controls?
Controls are the intelligent processes, procedures, and safeguards that protect your business from uninformed or poor decisions or behaviors.
There are essentially three kinds of controls:
The bottom line is that controls help you let go of directly managing a process and still be able to KNOW that the business is being well cared for.
Take the example of Brian, one of our Consulting Program Clients. Brian got started in our program 18 months ago as essentially a one man shop.
His big fear about bringing in help was that he didn’t think anyone else would do as good of a job as he could.
But he was a great client, and took the advice that to grow his business he had to let go of parts of the business (for him he needed more time in sales and less time in operations.)
In just 7 months he got out of over 90% of the operations of his business, and one of the BIG things that helped him do it was the fulfillment checklist we coached him on created (a form of a visual control) so that he felt confident that his new hire (at that time) Diane was doing things the right way.
Fast forward 12 more months…
Brian’s business has more than doubled, and he’s on pace to double again over the next 24 months.
What About Your Business?
How much is it costing your business because you don’t have strong controls in place?
What about the emotional cost?
What can you do in the next 90 days to implement at least 1 or 2 key controls in your business?
I hope these questions really spark you to get into action making your business more stable and secure.
Would You Like Our Help to Get You to Level Three?
For years now we’ve helped hundreds of business owners like Brian to build a business not just a job.
If you want our help taking your business to Level Three, contact our office about applying for our Consulting Program. If after talking it through we have a solid mutual fit you’ll get our direct participation in growing your business.
Just call our office at 1-866-214-6619 or email us at [email protected].
Or you want to read more about the program online (including seeing over 20 candid client video reviews of their experience with the program) just go to http://www.mauimastermindbusinessconsulting.com