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Home » The Money is in Your Business Systems [Part II]

The Money is in Your Business Systems [Part II]

Systems are the most important asset within your business, TONY AJAH argues in this piece:

Techeconomy by Techeconomy
May 17, 2024
in BusinesSENSE For SMEs
0
Money is in the business Systems
Money is in the business Systems

Money is in the business Systems

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The result you are getting is what the system you run with can produce. You are sabotaging your organizational growth if you operate without well-defined systems. [Read from Part I]

The money is in your business systems.

Systems are the most important asset within your business. I have come to know that the first areas corporate buyers look at when valuing a business are its accounts and systems.

If you want to get down to just the numbers, it’s well worth finding out how much it’s costing you not to systemise.

Let the proven system guide you

Having the systems in place is one thing; getting your team to follow them is another. Systems are there for formalities but as a backbone or structure that the business can ride on to greater heights. Systems work because people created them, and work them.

Intentionally make your systems capture your winning moves, in a way that any team member can easily replicate. Then proceed to scale those successes.

Mark my word; it will turn your business fortune around for good! Until you put a system in place, you will keep experiencing hitches and keep missing business opportunities because you are not prepared for them.

If possible, have systems management software where your systems are going to be stored so they can be easily accessed by you and your entire team.

It will become the ‘how-to’ manual for everything in your business: every role, every task, and every operation.

Build a system-centred culture

The size of what your enterprise becomes depends on your capacity to make your systems part of your organizational culture. Your business culture is one of the biggest influences on how your team members behave including how the systems guide them.

United BANK

Your culture shows the way you do things within your organization. Ensure your business develops a culture where systems are not just created, but actually used. This introduces some level of accountability to every team member.

To build a systems culture, you want your whole team to ‘buy-in’ and use it. Begin to establish the discipline, philosophy, and responsibility to your team for every system you have developed. Capture every winning process, and turn them into repeatable actions.

Keep improving the systems

You will have to keep tracking and measuring your progress and keep improving whatever system you have.

You can’t improve what you don’t measure. The idea behind constant and never-ending improvement is that nothing is ever finished or considered perfect; there’s always room for improvement in your systems.

Issues will always come up in a way that will test whatever system you have. Those issues are kind of just reality checks if your systems are still relevant or should be improved or discarded.

If you cannot systematically manage what you do, you will be wearied and it will eventually amount to nothing. Therefore,  identify problems as they arise, and then look for a systems-centred solution.

As we conclude, the answer largely lies in the systems as they make the growth of any enterprise possible and attainable. Systems give you that control key to drive your business to whichever destination you choose. Small systems, when multiplied out, equal big wins on the bottom line.

[Featured Image Credit]

Nine Keys on How to Sell by Tony Ajah
United BANK
Tony Ajah is a Business Growth Strategist, and the author of BUSINESS SENSE, and ON BECOMING AN ENTREPRENEUR. He maintains a personal blog, where he shares proven business ideas and principles for SMEs.

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