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 Increase the Value of YOUR Business
Documenting your business systems clearly communicates to a prospective purchaser or investor that your business has the capacity to operate without regard to who may be fulfilling a role at any time. Most importantly, as the business owner you are able to show that only the roles and task you are responsible for will need to be passed on to the purchaser. The purchaser will then be able to up skill them self according to those roles and then choose in the future any other role they may wish to take on...or not.
A well documented business system will increase the value of your business giving you the opportunity to make the most of this final pay day. After all the value of your years of work, much of it unpaid or at low rates, will be brought to fruition the day that you sell and move on to the next challenge in your life. Don't compromise on the importance of this pay day, make the most of it!
You can start immediately to take actions to document your systems. Bring together all of those documents that already exist in your business in preparation for creating your business operations manual. These documents may be:
- Business plans & strategies
- Marketing plans
- Job Descriptions
- Policies, Procedures & Instructions
- 3rd party manuals
The next step is to download a free trial of TKO and start the process of creating a professional business manual that you are able to wow your prospective purchasers and investors with.
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Start constructing the value of your business today.
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 Business Systems
Almost every business publication over the past few years has spruiked the virtues of having documented systems in your business. All the experts continue to say the without them your business is vulnerable to the impact of staff members leaving, loss of key clients, failure to comply with legislation and many other factors that could bring down the years of work you have put into building your business.
Unfortunately most of these writers are sharing just their good advice and not a solution to the problem. Not one expert has given you a step by step method for exactly how you are going to bring all of the information of your business together in this marvellous operations manual. No-one has shared an easy way to manage the content electronically or whether or not there even is a way to do it easily...until now!
If you are a regular reader of this newsletter you may have already had a trial of the TKO software or indeed you may have had a live demonstration. If not, now is the time to see how a very simple to use program will enable you to achieve powerful and professional manuals that even the largest of listed companies would be proud of. The best part is that you can accomplish this with a small capital outlay and all the resources that are currently present in your business.
TKO is the implementation tool that the experts don't know about, but you do.
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 STOP Procrastination!
Being decisive is one of the most important success principles.
Most successful people in the world make decisions QUICKLY and definitely...and very rarely change their minds. The opposite of DECISION is procrastination. Procrastination has kept more people from creating WEALTH and HAPPINESS than just about anything else known to mankind. Read More...
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Article written by
Don Farndon
Certified E-Myth Coach
1300 720 123
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 Quick quote
The problem of quality management is not what people don’t know about it. The Problem is what they think they do know. . . . In this regard, quality has much in common with sex. Everyone is for it (under certain conditions of course). Everyone feels they understand it (Even though they wouldn’t want to explain it). Everyone thinks execution is only a matter of following natural inclinations. (After all, we do get along somehow). And, of course, most people feel that all problems in these areas are caused by other people (if only they would take the time to do things right).
Crosby, 1979: Quality is Free, McGraw-Hill, New York
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