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%

United States 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 US

United States United States Latest News, United States United States Headlines

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

MDUDUZI LUTHULI: It’s all systems go if you want your business to growEstablishing processes that can run in your absence is the key difference between being self-employed and being a businessperson
Source: BDliveSA - 🏆 12. / 63 Read more »

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 »

AYO rejects PIC's 'reckless' allegations that it's siphoning funds offshore | IOL Business ReportAYO rejects PIC's 'reckless' allegations that it's siphoning funds offshore 'This is yet another attempt by the PIC to undermine the court process and mislead South Africa in an effort to destabilise the AYO business,' chairman Wallace Mgoqi said.
Source: IOL - 🏆 46. / 51 Read more »