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Re: E-myth Revisited
Quote:
Joe, I think you are missing the entire point of systemizing. Sure, you need people, those people just shouldn't be you. The book that Ankesh mentioned here, "The E-myth revisited" would be a really good read for you since it doesn't seem like you are even familiar with the concept of systemizing. Jim |
Re: E-myth Revisited
You just insulted me Jim I know what a system is. But nothing runs it self. You either outsource or have employees. Even if you use the net with autoresponse and a shopping cart. What do you do what a Customer writes or email you? Nothing operates without people. I have all of the books I think Michael Gerber wrote and one of his audio programs. It is all the same. I know what he is talking about. Someone has to run the business. I once worked for a school. He was the president. No he was not in at times. But he had people running for him. Sales people, teachers, secretary and accounting to name a few. And I have a MBA so please do insult me telling me I don't know something so damn simple. Don't forget empoyees have payroll taxes that you have the match social Security and Medica Care. That has put more business out of business that anything think else.
I have a lawyer client that I do typing and pdf files for. He knows nothing about the computer. So I run this for him amount other people that help him. He once had a Construction Business with his now deceased brother. He told me why is company went out of business in 1990 after starting in 1989. 1. Under capitalization, 2. employment taxes, and 3. under bidding jobs. My paper in Graduate school is "Why Small Business Failed" I only found two things. No Marketing knowledge and experience. Others have found 10 things. Including the 3 my client failed with. Even as a lawyer he only makes about $20,000. He will not listen to me about marketing. You go figure. He like the clients that don't have money to pay a good fee. |
Re: E-myth Revisited
Joe,
My post was not meant as an insult. It was very clear from your post and has been made even clearer from your reply that you DO NOT understand what we are talking about here. Jim |
Re: E-myth Revisited
Quote:
Thanks Joe. I don't think Jim is trying to insult anyone here. The whole topic is about how to make the systems and the business work "Without" you. Its ok if other people run it. In fact, The ideal thing would be to have a system as well as a meta-system in place (a system that creates systems.) Both run by "other" people. |
Re: E-myth Revisited
Thanks Jim for willing to help.
I've been juggling 2 very promising new big projects since a few months now. I don't want to give up one of them - although working on both together is delaying them both... A few disclosures: 1. Am in a good position financially. Can take holidays whenever I want. Lots of flexibility. 2. I have 2 people working for me right now (1 is full time, other is part time). 3. The problem is work keeps on piling up. For eg: I took the day off yesterday. But today - I have a bit more work to do than usual. What I want is to be like the big public limited companies. Where the "owners" don't work at all. (All this clicked for me before E-Myth - when I read a comic book on Chanakya last year. Chanakya united whole of India 2500 years ago - without lifting a sword. He got others to lift the sword for him.) Few things I'm looking for help in is: 1. Hiring some one to read my emails. I usually spend 1-2 hours everyday - when I work - on emails. How do you outsource emails when all of the emails are not related to any specific project? Its a scary thought - training someone and teaching them how to answer questions for 6 different projects. At the same time, its not a job I can outsource to more than one person... 2. Hiring a project manager. Right now, I over look the day to day work. And supervise 2 people working for me. But would like someone else to take this over. The problem is transitioning - how do you hire a CEO without giving away a lot of control - when your company is so small? |
Re: E-myth Revisited... Your Answer & Solution!
Ankesh,
Here's your Solution! :) Sounds like you need more of a Virtual Assistant(s) to Help with those details. :) As you know Googling will give you a Great selection... A Worldwide choice and Affordability, especially if you Think about your preference of Location and the Currency within your Budget. ;) A few Resources to consider... A Business Opportunity &/or Virtual Assistant Resource... http://www.entrepreneur.com/starting...icle71516.html http://www.vanetworking.com/ http://www.google.com/Top/Business/B...al_Assistants/ Phil |
Why SOB's Succeed & Nice Guys/Gals Fail in Biz
Dear Ankesh,
Thanks for the question. One of my favorite books of "Grow the biz with Systems" is Bob Morrisons book. "Why SOB's Succeed and Nice Guys/Gals Fail in Business" I used to buy cases of books from bob at 10.00 a book. Resell box after box of his books to small business owners for 25.00 to 30.00 each. Bob has a system for borrowing money from greedy bankers. When you have no moolah. Bob has a system for negotiating with new sales employees. So they talk themselves into working on a %age - instead of a salary. Bob has bought or built scores of small businesses. So his book is full of Case Studies, anecdotes and even some clever drawings to illustrate key points. Glenn |
Re: E-myth Revisited
I explained I know systems with clients and reading all those books. No you don't have to do all work or any of it. You can have employees or outsource.
Here is how I outsources one of my public domain books. I found out I have to have pages not the book for a company to make a pdf for $20 for me to put in my shopping cart. I had my printer company them for $10 and make the book pages gave them to the company to make a pdf file for me the sell that book. I have to travel around the city. I could have hired someone to do that to I guess. But I don't want a payroll. I do payroll for clients and they hate payroll but need like bars and things that must have them. |
Re: Why SOB's Succeed & Nice Guys/Gals Fail in Biz
Thanks Glenn.
I've read one of Bob Morrison's book before. His son was selling them on ebay... I'll try finding "Why SOB's Succeed and Nice Guys/Gals Fail in Business" Thanks. |
Re: E-myth Revisited
Ankesh.
I think you have the idea for success and I wish you well. You have a great system. Michael Gerber does say to put all the things people do and how they do in writing. See I read the book. Like I said I outsource at times. My son is doing something on ebay for me right now. I outsource to him for part of a profit if any. I don't have time I have a big tax load for my January to April big job project. I do have an associate that efiles for me. We bartered and no money usually changes hands. One time he did give me $500 because he had a great year. |
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