Business 2.0: Replace Yourself
Prototyping is not just for building robots. It should be an integral part of every entrepreneur’s plans. It should be every business owner’s goal to have their business run without them needing to make a decision.
This is why it is imperative to think of your business as a franchise prototype. This business development method allows you to remove your emotional attachment from your business’s tasks and focus on your desired outcome.
The seven specific areas you need to consider in your business development prototype process:
- Primary Aim
- Strategic Objectives
- Organizational Strategy
- Management Strategy
- People Strategy
- Marketing Strategy
- Systems Strategy
These seven areas are the step-by-step process through which you convert your existing business into a perfectly organized model for thousands more, just like. In this lesson, we are going to cover the first three steps. Get your pen and paper ready to start creating your prototype.
Your primary aim is the answers to all the questions. It is not just the target but the arrow, the bow, the water bottle on your hip, and the reason you got out of bed. Simply put, it is the purpose that is bigger than your business.
It’s essential in business development to set goals and see a vision for the future. This needs to go beyond the business, and you need to think about what you want out of life. How would you answer the following questions:
- What do you dream about?
- How do you see your success unfolding?
- Who do you wish to be?
- What is your ideal lifestyle?
Knowing and understanding your aim will give you the momentum to get started and the stamina to see it through. Take a minute to write them down and tape them to your desk for a constant reminder of what you’re aiming for.
Ask yourself every day, how am I meeting my primary aim?
Once you have the picture of how you want your life to be and realize it is more than fancy cars, big houses, and that it is a state of feeling. Then it is time to set strategic objectives. These are essential in taking your business from surviving to thriving. All of these objectives should offer solutions for how to get to your primary aim. There are many things you can use to set strategic goals, but here is a couple of the most popular:
- Money: Setting monetary goals is a great, simple way to see how you are doing at any point in the game. It’s easy to measure and easy to find adjustments to help meet this goal.
- Worthy Opportunities: These are emotionally driven goals. This is how you measure lives impacted; client served, positive reviews, in essence, you speak to your customer’s psychographics needs and, to a further extent yourself.
- Through or Throughput: This is your automation goal of removing yourself from the day-to-day equation. We will measure this by hours worked, emails answered, or any way you wish. The critical piece is that these goals get you to business Nirvanaha when your business work for you and you don’t have to work for your business.
The key to setting standards and goals is not to limit yourself or stress yourself out. You need to find some quantifiable things you can use to measure your progress toward your primary aim. These are just three suggestions, but make sure no matter what standards you set, you are paying attention to the details, as these are one of the biggest keys to your success.
The strength of your organizational structure can make or break your business, so it’s essential to take the time to put together a solid framework for your business to grow from. Generally, a company is organized around the roles and responsibilities that need to be taken care of daily. And the personalities that need to fulfill those roles.
No matter what roles and responsibilities you’ve defined for your employees, you must always keep your primary aim separate from your company’s primary aim or mission statement. Once you’ve identified the primary aim for your company, it will be easy to set up a position structure that will work.
Don’t forget to put together position contracts. Your employees should sign a statement of their roles and responsibilities. This helps keep them clear for you, the employee, and other employees/vendors or other individuals.
Question & Actions
You’re probably going, wow, I have a lot to do. Well, you do but let’s create some action steps to get you started.
- Answer the big question: What is my primary aim? This is more complex than just answer the question, but what you need to do is create your first draft. Take a stab at it, write it down, and test it for the next few weeks.
- What are my strategic objectives? Create one goal in each category and start tracking it. Set aside time each week to review and see how you’re meeting that goal.
- How can I automate or replace one job I do? Set a goal to automate, delete, or replace one task that you currently do. Then give yourself a timeframe to do it. Then repeat until your business is running itself.
You can see how these areas all work together to build a solid structure to build your business. If you need help defining any of these areas, don’t hesitate to contact us. Look out for the next four steps in a later blog.