A while back I had the opportunity to hear from billionaire founder of Marico Industries, Mr. Harsh Mariwala at the Ascent Conclave. He shared his 11 best business lessons from his incredible journey:
Do you have repetitive tasks that are key to your business? Then you need to design systems so that these tasks are done with consistent quality, speed, and efficiency.
Here are 3 systems that every business should have. Design systems so that your business operates without you. The fastest way to grow your business is to systemize your business.
Here are 5 steps that will help design systems so your business can grow without you.
Every system should document the following:
- What needs to be done? E.g. Raise an invoice.
- Why is it important to get done? E.g. If we don’t raise an invoice we won’t get paid.
- Who needs to do it? What is the title of the person responsible for doing this job?
- When does the task need to be done? Each company could have its own accounting rules about when to raise an invoice.
- How is the task done? If some software is used then make a screen video of how the task is done. Include what are the do’s and don’t’s so that the task is done well.
“85% of problems in business are systems problems, 15% are people problems,” according to management guru, Peter Drucker.
Why do you need systems in your business?
- Systems free the business owner up and make the business independent of the owner. Are you able to take 4 weeks away from your business and it still grows? If not then you need this 5 step formula to create awesome systems that make your business scalable.
- Systems are necessary if you want to delegate effectively. Systems help your business grow faster. They make your business more predictable.
- A systematic business is a valuable asset that can be sold for a huge payday someday.
So what are you going to systematize first in your business? Comment below.
Hiring the right people is a key part of growing a long term and profitable business. Hiring the wrong people is not only frustrating but also costly for a business owner. Here’s what you need to do before hiring your next employee.
Setting up systems will help save you in making costly hiring mistakes. Learn 3 key systems a business needs to grow here
Comment below are you busy ‘fire-fighting’?
Check out titanmasterminds.com for more help on how we can help you grow your business to the 10 crore mark per year and beyond.
One of my keys to success is having an annual goal getting system. I share a simple framework to set SMARTER goals and some of the common mistakes in goal setting and what you should do instead. I share a vital distinction between 2 different types of goals you should have – habit goals and achievement goals. Finally, I share a video of a 7 step-by-step annual goal-getting process to create unstoppable momentum for your goals in 2020. Read the blog first and then watch the video. Clarity is power. Clear goals lead to a happier and more meaningful life. (more…)
There are a lot of entrepreneurs who get into a business venture but, they really don’t know how to begin their journey.
Challenges are part and parcel of the entrepreneurial journey.
If you follow these 3 things, you will handle the challenges, thrive, and enjoy the journey too.
The first thing that is going stop you from succeeding in your business, or in your life, is “YOU”.
The True Entrepreneur is a Doer, not a Dreamer
Entrepreneurs need to know these 3 things before they start upon their entrepreneurial journey. (more…)
Everyone loves good stories. Telling stories is a critical, but often overlooked, a skill every business owner should have.
Telling stories is a key income producing activity
Stories will help communicate your vision. If you want to grow your business much faster if you want to lead winning teams if you want to leave a lasting impression upon your customers and prospects. If you want to get finance for your business, then you will need to master this particular skill. Even if you want to improve your relationships, whether it be personal relationships or professional relationships, then you need to learn this particular skill. (more…)
Your business and life will grow to the level you grow yourself. Neeraj shares 3 powerful strategies you can use to instantly up level your life and business. This one strategy has produced a 1000% return for me.
I have lost 14 kilos weight in the last 12 months while my business has grown by over 300%! This was a message I recently received from one of my mentoring clients, Piyush Bhatia (see the picture). More than the loss of fat he says he feels 15 years younger and feels energetic throughout the day! In fact, many of my mentees have lost anywhere from 6 to 28 kilos in a period of six to twelve months while they skyrocket their business growth! So why is it that so many of my mentees reduce their physical waistline while massively increasing their businesses bottom line?
I’m not a dietician nor a personal trainer, but I’m a business mentor. Read on to find out why my mentees get simultaneously healthier while skyrocketing their business growth…