If you were to build a McDonald’s at the same intersection of “Joe’s Craft Burger House”, it would be a very safe bet that the McDonald’s would be the last one standing. Why?
If you look at the statistics, an entrepreneurial business has less than a 10% chance of survival. On the flip side, a franchise business has greater than a 90% success rate. Why are these two business models so radically different – especially in the scenario above where they are serving the same type of customer?
In today’s episode, we take a brief detour from our great guest interviews and let our host and founder take the microphone for a few minutes to delve into what it means to systematize a business and how doing so is key to the long term success of the business.
In this episode, Jeff breaks down the four keys to a solid business system, showing that if you having each of these keys in place the results are more profits – the key itself to growth, scaling, and a solid return for your investments.
For more information, reach out to Jeff at https://www.admentus.com/gain-clarity/. He is happy to chat with business owners that are simply trying to take that next leap forward in their business.