MDUDUZI LUTHULI: It’s all systems go if you want your business to grow

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Business News News

Establishing processes that can run in your absence is the key difference between being self-employed and being a businessperson

You need to get into a systems mindset long before you hire your first employee or subcontractor. Picture: 123RF/EVERYTHINGPOSSIBLEthe business. That means if you want to double revenue, you need to double the hours you work. Because you only have so many hours in a day, that limits how fast and how big you can grow.

Fortunately, there’s a better way to do things — it’s called automation. By automating, delegating and systemising you gain leverage, which is the key to creating and scaling a high-growth business. Even if you are just starting out, you need to get into a systems mindset long before you hire your first employee or subcontractor. It’s the key difference between being self-employed and being an entrepreneur.It’s nice if your business gives you a great cash flow to fund your lifestyle.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ramaphosa wants global business to join Africa's 'great leap forward' | IOL NewsPresident Cyril Ramaphosa told an audience of global investors and business leaders on Monday to join the African continent as it progressed.
Source: IOL - 🏆 46. / 51 Read more »

SA must reduce cost of doing business to attract investment - Ramaphosa | IOL Business ReportSA must make it cheaper and easier to do business in the country in order to attract the investment necessary to build the economy at a faster pace. busrep busrep SA must allow exploitation of workers. busrep What’s the point of getting the investment when all the jobs are being taken by Migrants? Ramaphosa is an idiot! He is issuing millions of work permits to migrants and yet he says he is creating jobs for South Africans. This President is mad! busrep Government needs to deal with corruption, stop peddling lies. The ANC is the problem, as they are only interested in filling their own pockets. I have never seen a more destructive force than the ANC at work. They wont be happy until there is nothing left, then blame apartheid
Source: IOL - 🏆 46. / 51 Read more »