The secret to a successful business isn’t your management skills, marketing savvy, or even your amazing ideas. It all comes down to the systems you build. A sustainable business runs like a well-oiled machine — so efficient that you can take your hard-earned money and go on a much-deserved vacation without worrying about it! Otherwise, you’ll probably find yourself showing up every day, which leads to burnout and yes, lower profitability as well. So, how can you stop being a slave to your business and create a turnkey operation that keeps rolling even when you’re out of the office?
Step 1. Identify Your Goals
The first step toward building a turnkey business is to know why you’re building a business in the first place. Before you start talking about the benefits of your big idea or how you help your customers, stop and ask yourself the real question: what do you want for yourself and your family? More time to watch your kids grow up? The freedom to pursue your hobbies? The opportunity to earn more money? A chance to be your own boss?
Once you have those goals in mind, you can see where your business is supporting your dreams — and where it isn’t. Obviously, working 24/7 on your company doesn’t leave much time for anything else! yet many entrepreneurs find themselves in that trap: they end up having another stressful job with an over-demanding boss: yourself!
To break free of that cycle, you must consider yourself a replaceable founder of your company. This doesn’t mean you’ll become irrelevant or redundant, but rather that your business keeps running smoothly even if you’re out living your life. And that requires some good systems to be in place.
Step 2. Know Your time Drains
There are five main elements that your business requires to operate efficiently and sustainably. Any one of these elements can suck up your valuable time and money, which is why it’s so important to refine and streamline the work into reproducible, automated systems.
Leadership: The better you communicate your vision to your team, the more you can trust that things will get done even if you’re not directly supervising every task.