Systems Too Early is The Grave Yard of Most Small Businesses

Hi everyone, Carl Gould here with your #70secondCEO. Just a little over a one minute investment every day for a lifetime of results.

 

Somebody comes into their business and said, look at you can eat off the floor. I'm like, Oh, my God, we got a problem. Systems too early slows down the growth of the business, you want just enough that your synergy team can handle the task at hand. Now, once we've proven this out, we go through this little jagged line, you see that between three and four, we get to go to stage four. Stage four is the system's stage and this is where you decide not only on the systems of your business, but you decide the ecosystem. What kind of business are you going to become? Are you a partnership, a franchise, a license, a certification, a virtual company? What are you and how are you? How do you operate? What is it you're all about? Because that will determine the type of systems you put in, right? And so this stage three to stage four, we call the graveyard of most small businesses. That's where people try to scale. They either had systems too early or they didn't put them in right. They got big, they got poor, they went down to small so they can make some money again.

 

Like and follow this podcast so you can learn more. My name is Carl Gould and this has been your #70secondCEO.