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The How of Business - How to start, run, grow and exit a small business.

242: Systems with Henry Lopez

The How of Business - How to start, run, grow and exit a small business.

Henry Lopez, Levante Business Group

Entrepreneurship, Business

4.7 β€’ 522 Ratings

πŸ—“οΈ 8 April 2019

⏱️ 15 minutes

🧾️ Download transcript

Summary

Business Systems – developing, implementing and executing on the systems we need to run and grow our small businesses. If you are an existing small business owner, then this episode will help you assess where you are and what you need to improve. If you are planning to start your first business, then this episode will help to prepare you for building your business the right way from the start. Systems can include software tools and the related processes, policies and procedures that document who, how, when and where we produce and deliver a product or service. But an effective small business system can also be as simple as a paper checklist. To avoid being overwhelmed and paralyzed, the key is to start small. Start by documenting and applying systems to the areas with the most pain in your business, and those procedures which are repeatable.

Henry Lopez is a serial entrepreneur, small business coach, and the host of this episode of The How of Business show – dedicated to helping you start, run and grow your small business. (TheHowOfBusiness.com)

Transcript

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0:00.0

Welcome to the How of Business with your host, Henry Lopez, the podcast that helps you start,

0:05.9

run, and grow your small business. And now, here is your host.

0:12.0

Welcome to this special episode of the How of Business. This is a short episode on the topic of

0:17.0

business systems, developing, implementing, and executing on the systems we need to grow

0:22.0

our small businesses. If you're an existing small business owner, then this episode will help

0:26.7

you assess where you are and what you need to improve. We all need to improve our business

0:31.5

systems is what I have found. And if you're planning to start your first business, then this

0:35.9

episode will help you prepare for

0:38.2

building your business the right way from the start. So let's get into the topic of this episode,

0:43.4

small business systems. Developing business systems is a big topic and often it's cited and in my

0:49.2

experience, it's critical to developing a more, what we call a self-managed business,

0:54.7

which is that that goal that we should all have,

0:57.6

that we develop a business that doesn't necessarily need us there on a day-to-day basis

1:02.8

so that we can step away from the business when and where it makes sense

1:06.4

and the business still operates effectively and efficiently.

1:10.5

I know that's a little harder for

1:12.3

solopreneurs or professionals that need to be into business because they deliver a particular

1:17.4

service. I know it's harder for that. But generally speaking, what we aspire to do when we start a

1:22.2

business is that it gives us lots of freedoms, including the freedom of time and location. And so working towards a self-managed

1:29.7

business is what allows us to realize that benefit. And implementing business systems is the key

1:35.8

to achieving that. I am a huge believer in the need to have systems in place to help you run and to

1:41.2

grow your business. It's part of what the author Michael Gerber is referring to when

...

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