Every business grows in chunks.
Unfortunately, most companies grow then they experience a correction, then they grow again, and correct again.
And it's literally a rollercoaster of growth spurts.
And that causes plateaus and a loss of motivation in your team.
If you've ever hit a plateau in your growth then this could be a game-changer for you. Because today I'm going to share with you the best way we've found to experience steady predictable growth year over year in every industry I'm involved in.
Obstacle to Growth
It's true that most companies fail to scale because although they might be great at driving in revenue. They suck at creating simple systems that can support their growth along the way.
In our venture capital company, I spend the majority of my time reviewing a company's people and the systems before deciding if they're worth investing time into.
Because if a company has a track record of ups and downs in their revenue, I know that the first thing we would need to do is fix their way of designing systems.
Because when a healthy company hits an obstacle, they get their team together, all hands on deck, all minds on board and they create a solution.
Then they need to take that solution back and test it.
Why You Need to Create A System
And if it fixes the problem, they need to create a system around it so everyone knows exactly how to solve the problem if it happens again (and it will happen again).
And finally, they need to put simple processes in place that says "If this happens, then we implement System #23".
Let me tell you a story about how this almost crippled us at one point...
Years ago, we introduced a new product that was $18k
3 Stage Launch
- $697
- $1,997
- $18,000
Fast forward a year, I was in a Dubai getting ready to speak to a room of executives and that morning before I left for the meeting, I had a quick team meeting and my assistant told me that last night we had an issue with our merchant.
There was no problem!
Why?
Because we found a solution, we tested it, we created a system, and then we installed a process that said if this happens then immediately run this system.
And then we gave ownership of that process to someone I trust, and they followed it perfectly.
Systematize Your Lessons
You need to learn lessons fast in business, then systematize those lessons so you're not doomed to repeat them over and over again.
So, you've got to ask yourself, what's one area of your business that if you had a proven system in place for your life would be easier and your company would scale faster?
Write your answer below so I can see or share with us one area of your business that you already have a great system running.
What you're going to find is that just the act of thinking about and writing down the areas that you know should be systematized better will help you get more clear on how to hit much bigger targets this quarter.
Related Reading How To Start and Grow Your First 8 Figure Company → Related Reading How To Develop a Strong Business Culture →