If you run a financial advisor business, then you should constantly be looking for ways to improve your workflow and to automate and systemize as many aspects of it as possible. This is what’s referred to as ‘business systemization’ and there are several reasons that it’s such an important idea. Read on and we’ll explore them in some more detail.
You Get More Freedom
If you are currently putting in late nights at work and feeling as though you’re not getting the results you deserve, then that suggests that your business isn’t capable of operating without you. When you improve the ability of your people to independently work and put certain systems in place, you’ll find that you can then spend more time with your loved ones and family, or go travel or enjoy your hobbies instead, or simply focus on the money-making and developmental aspects of your business rather than the routine administrative tasks. And isn’t that the point?
You Save Time and Money and See Improvements
Often systemization basically means introducing flow charts and checklists that automate the processes that make up your company’s workflow. When you use these systems, make sure that you also use the same helpful and efficient methods for every new task and each new client you may have. This is important because it in turn means that every client and customer will be equally satisfied and will know they can rely on you for a certain quality of service.
Consequently, having proper systems in place in your business would mean that you can then assess those systems and find ways to improve them. When the exact checklist is being followed by your team, you can see that any little alterations made could impact the bottomline of your business. If you are all over the place though and you attack each problem in a different way, you’ll never know how to improve.
You Can Expand
If it’s still you who is dealing with every little issue your business has, then it means that you are working ‘in’ your business rather than on it. Instead, make use of systems so that you can step back and work on improving your business model. Meanwhile, extra efficiency will allow you to spend less time on each job, meaning, you can afford to increase the number of jobs you perform and thus, your turnover and profits.
In short, systemization is the answer to many business woes and can make a huge difference to your efficiency, happiness and growth. It’s time to apply some systems thinking!