The holy grail of SMB operations is that of the self-running company...
... a company full of
meta systems
which build & execute tactical systems
which run the company.
Here are a few things to implement to bring you closer to this in your own small business
Have a way for issues to
be documented
be problem solved
have preventative measures implemented
be periodically reviewed, re-assessed, and modified
This compounds.
Create a place where anyone, anywhere can look up / learn how to do anything, without bothering someone else.
Create methods to capture, update, and create new writeups, videos, instructions, and references. Build it into your operating cadence and roles
Build a business operation is built to work async without slowing down.
Have a formal method where documents, forms, procedures, and risk mitigation methods are reviewed, modified, and if possible, eliminated.
The goal is to compound with as little friction as possible.
Remove bureaucracy and red-tape as often as possible
Build bottleneck
documentation
review/discussion
removal/investment
post-mortem learning and documentation into your cadence...
... preferably weekly
Have a set cadence for key
pieces of information
data points and metrics
discussions that move the business forward
employee discussions and reviews
Really, you want set times to capture any and all feedback from customers, employees, parts, processes, financials, etc.
Make sure everything has a trigger.
Knowing what to do is what we usually write,
knowing when to do it is often more important.
If I know something has to be done, but am not sure how I'll figure it out.
If I don't know something has to be done, it won't happen at all.
Automate
accountability Create reports, metrics, screenshots, dashboards to feed to the appropriate places. Use emails, slack, digital signage... whatever it takes Keep people accountable Give them feedback Help them keep score ... automatically
Create a system which
explores
tests
researches
filters
invests
Systematize new ideas
Systematize resource allocation
Document testing and validation
Build it into the cadence
Build a candid roundtable of diverse perspectives
Systematize your financial review and metric discussions.
Set them in the cadence.
Where do you need to invest?
Who needs more resources? Less?
What are the next investments that will step change the business?
Where are problems creeping in?
These are some ways you can create systems that will automatically build your company.
When needed, and if built correctly, they can
build new systems
remove bloated systems
create new businesses
understand the market shifts
prevent financial problems
and much more!