So much time gets wasted within businesses when processes and procedures are not documented properly. In this episode, Andre and Mick share how implementing standard procedures is key to saving time, money and the sanity of your business. This attribute is one of the most important ways to not only get things running smoothly, but also get things running effectively.
Andre and Mick discuss the powerful aspect of having clearly defined procedures and creating documentation that helps your business produce more uniformly. They share examples of what this looks like in real businesses and talk about how this is generally implemented in the various stages of the Investor Ready Scorecard.
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What You'll Learn In Today's Episode:
- Defining tribal business knowledge and why it’s so important to consciously discover it.
- How to turn tribal knowledge into something more scalable.
- How being in survival mode makes this an extremely important aspect.
- The various benefits of documenting procedures.
- How being in business mode is affected by process documentation.
- The discipline involved in the growth mindset and sustainable asset stages.
- The importance of clarity and uniformity in your business.
Ideas Worth Sharing:
“The more discipline you’ve got in those wealth creation systems means that you’ve got a sustainable asset that will generate wealth, even if you’re not at the helm 24 hours a day.” – Mick Holly
“This is so hard for people to get over – this thing about documenting a procedure – but it really is an important part of ensuring this consistency of behavior for each individual way that we do things.” – Andre Gien
“Certain processes become suddenly effective and others do not because we don’t have a consistent way to ultimately identify the process, document it and eliminate that noise that is within the process.” – Andre Gien
Resources In Today's Episode:
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