More than often, it is the system which is missing to take small and medium-sized businesses to the next level. We all know how important systems are for the business however, there are no immediate and direct consequences to not having it, so we rarely take steps to do anything about it. But we cannot deny that processes and systems are the foremost factors to consider to take the business towards steady growth.
On this episode, Jake and Gino are with David Jenyns, Chief Visionary Officer at Systemology and the author of the book ‘Systemology: Create Time, Reduce Errors and Scale Your Profits with Proven Business Systems’.
Whether it’s an owner of an organization or a solopreneur, everybody needs a system for smooth running of the processes. With expansion this becomes even more imperative to systemise the routine work. David indicates towards seven steps of systemising the business that any business owner can apply to bring efficiency, control, convenience and gradual expansion of the business.
“System is about efficiency and making it easier for everybody,” says David.
Systems create base and ease for you to focus on things that move the needle. If this is something you are looking for your business, this episode is for you.
Key Insights: 00:46 The AHA! Moment 01:01 Introduction 03:01 Creating McDonald’s of business systemization 05:25 Definition of System and ways a solopreneur can begin implementing systems in business 07:40 Systemize routine and humanize everything else 13:40 Minimum viable systems to run the business 17:00 Seven steps of systemizing the business: Define, Assign, Extract, Organize, Integrate, Scale, Optimize 23:44 Record your system when you are actually doing it to create the system 27:33 Organize everything at one place to make everything accessible for everybody to get the job done 33:33 Chick-fil-A’s case study for systemizing their process 41:41 Next step after systemizing: Approaching system consultants 43:07 Products and platforms to build systems 45:50 Focus on what moves the needle 46:20 Recommended books 48:04 Personal finance tips 49:53 Wrap-up
To know more about David’s initiatives, visit https://www.systemology.com/
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About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company. They control over $250M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate.
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