The six point guide to psychographics
Without customers, a business does not exist.
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Developing your essential time management skills
Time management skills In these modern times we are turning to more advanced tools - such as automated machinery and advanced software applications - to increase productivity. But as our use of these tools grows, the more responsibilities and activities we are able to add to our day, which results in the need for ...
Understanding business credit
When your business experiences or anticipates big growth, it will impact every area of business. Big growth means big changes. In addition to the logistical and management issues that come up, it's also likely that you'll need to raise some (or a lot) of money.
Adjusting your attitude toward money
As a business owner, you think about money a lot. You talk about it. You worry about it. You plan for what you'll do when you have more of it.
The tool for managing results
When was the last time you or anyone in your business was able to say, “I’ve got it under control,” and mean it? With so many projects that need attention and so many details to keep track of, no wonder it’s so difficult to stay on top of things!
Key characteristics of a great manager
Once you commit to a promise, the EMyth Manager’s job is to manage the process—the system—to keep it, improve it, and rally his troops around it. —Michael Gerber
Your management system (and why it's needed)
Are your employees clear about who’s in charge?
The system solution
A truly "EMyth'd business" is a systems-dependent business. This will come as no surprise to those of you who are familiar with EMyth. In many circles EMyth is synonymous with systems. But sometimes the idea people have in their heads about systems and how they work in a business are different than what we actuall...
Inc.'s 30 books you should read
I was reading through this month's Inc. magazine, (one of our favorites) and I came across an article titled, "The Business Owner's Bookshelf: 30 Books You Should Read And Put to Use."
From your customers' perspective
You may have heard the saying that a customer who buys a drill from you isn't actually buying a drill, they're buying a hole. They don't need a drill, they need what a drill provides, which, of course, is a hole. This is equally true for your business regardless of what you believe you are selling. And when it com...
The most effective way to get things done
Let’s say you’ve gotten yourself completely organized.
Excellent customer service isn't enough
Business has changed. Excellent customer service is no longer enough on its own to separate you from your competition. Whether you want to grow or just maintain your business, start with the assumption that all your competitors are already providing the same high-level of service as you are (in addition to offerin...
Business planning for bootstrappers
Imagine for a moment a completely debt-free business. No loans to payback. No investors to answer to. Imagine a completely self-sustaining business. A business funded purely by the cash flow your business produces.
What's the system for systems development?
Allocating time for developing systems is a difficult task for busy business owners. If you’re familiar with our blog, or any of the EMyth books, you understand the value of developing systems. But adding more work to your already extremely busy schedule can leave you feeling overwhelmed and frustrated. Even with ...
Three tips for a family business
For most of us, our business is separated from our home life. If we have a bad day, we go home and vent to our loved ones, maybe get a little sympathy and then move on. But what if your family and your business are one in the same? What if you can't vent at home because the person you vent to is your business part...
5 common hiring mistakes (and how to avoid them)
Your hiring process, like other systems in your business, is about creating consistent, predictable results. Whether you're a two-person business, or a company with 300 employees, a hiring process will take the guesswork out of finding the right person for the job.
How to develop financial leadership
There are two important steps required to achieve effective cost reduction in your business. The first step is to have a well thought-through strategy in place. The second step is to understand the enormous impact your leadership has on your business.