In my 100th episode, I want to emphasize the importance of systematizing your business to achieve the lifestyle you want. Standardizing service packages and processes through systematization can help you maintain sanity and expand your firm.
If you want an incredible lifestyle through your firm, start with systematization.
Listen below.
1:39 – In this episode, I’ll talk about how systematizing your firm can help you achieve the fulfilling and happy lifestyle you want.
2:17 – Firm owners’ excessive focus harms their personal lives, creating a sense of stagnation. To attain a better work-life balance, let’s address these underlying concerns.
3:43 – As the firm grows, accounting professionals face pressure and bottlenecks that require additional hours.
3:56 – The firm’s main issues include delayed hiring, difficulty attracting and retaining staff, and a lack of senior hires to address bottlenecks. Consequently, the owner feels overwhelmed, leading to the firm being spread too thin.
5:26 – Systemization is the primary method to improve quality and profitability for a growing services-based business.
6:11 – The key to solving many problems that firm owners face is to systematize the “what” and “how” of their business, which helps to make common problems more predictable.
7:00 – Systematization involves having a defined formula for how things operate in your firm, and if something doesn’t fit into that formula, it should be disregarded.
8:06 – The central theme is that professional services businesses can be successful, but to achieve a low-stress lifestyle and work the desired hours, systematization is necessary.
