10 lessons from the book "The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It" by Michael E. Gerber
PRESS STATEMENT | Corolla | Remi Tinubu | Oyetola | Rivers | Bulaba | Bolt | First Lady | Enugu | Soludo | #NYSC
PRESS STATEMENT | Corolla | Remi Tinubu | Oyetola | Rivers | Bulaba | Bolt | First Lady | Enugu | Soludo | #NYSC
1. Many small businesses fail because the owner falls into the trap of working "in" the business instead of "on" the business. Learn to delegate and focus on building systems that can run without your constant involvement.
2. To create a successful business, you need to approach it with an entrepreneurial mindset. This means thinking like a CEO and developing a clear vision for your company's future.
3. Don't rely solely on your skills or expertise. Instead, develop standardized processes and procedures that can be replicated and followed by anyone in your business.
4. A well-defined organizational structure is essential for growth.
4. A well-defined organizational structure is essential for growth.
5. Understand the importance of creating remarkable customer experiences. Develop systems that consistently deliver outstanding service and exceed customer expectations.
6. Work on building a scalable business model from the beginning. Think about how your business can grow and expand without being solely dependent on your time and effort.
7. Embrace technology as a tool to streamline your operations and improve productivity.
7. Embrace technology as a tool to streamline your operations and improve productivity.
Look for ways to automate repetitive tasks and leverage software solutions that can up efficiency.
8. Regularly measure key metrics to gain insights into the performance of your business. This approach will help you make informed decisions and identify areas for improvement.
8. Regularly measure key metrics to gain insights into the performance of your business. This approach will help you make informed decisions and identify areas for improvement.
9. Develop a comprehensive marketing strategy that effectively communicates your unique value proposition to your target audience. Utilize both traditional and digital marketing channels to reach and engage with potential customers.
10. Continuously invest in your own personal and professional development. Keep learning and stay updated on industry trends and best practices to ensure that your business stays competitive.
Thank you for reading
Please follow me @mytoughcoach for more Business tips.
Thank you for reading
Please follow me @mytoughcoach for more Business tips.
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