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5 Key systems to grow your business

5 Key systems to grow your business

5 Key systems to grow your business

In my first podcast episode “The three ingredients for success” I mentioned one ingredient skills. Most businesses fail because they don’t know how to succeed. And if you don’t know something you can learn. 90% of all startup businesses fail within the first 5 years, on the other hand 75% of all franchises succeed. What can we learn from this?

In working with and owning different franchises I have come to understand what makes a successful business.

It’s all about systems

There are “Five Key Systems” you have to have place for you to grow a successful business.

1. Financial Management System

With a financial management system you will at any time know how much money you have in your business and exactly where it is and how much money you need and where you are going to come from. A financial management system will help you forecast with greater accuracy.

2. A Sales and Marketing System

Without a step by step sales and marketing system you will find it very difficult to grow you business.

3. A CRM system

Do you have a system in place where you are able to capture and keep the details of every single customer and potential customer you meet and are you able to contact them should you need to?

4. A Human Resources Management System

Do you have the right people in your team? Are you managing them effectively? Are there strengths complementing each other?

5. Project Management System

Do you have an effective system in place that will help you manage your goals and tasks to make sure you get things done?

 

For more on the Five Key Systems to grow you business listen to my podcast “Five Key Systems” on Breakthrough with Carl Schultz.

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Africa’s no 1 Breakthrough Coach focusing on personal development, growing your business and developing leaders.

Carl Schultz

Africa's no 1 Breakthrough Coach focusing on personal development, growing your business and developing leaders.