Owning a business is the most thankless, hardest job in the world, right?
It doesn't have to be that way!
What if the irritations that continually reappear could be made to disappear for good?
What if your business ran in a way that gave you more time to be with your family or to do whatever else you enjoy?
What if your business provided you an income that exceeds your expectations?
What if you could do the things you enjoy the most in your business, while all the other functions worked consistently and predictably?
What if business transformation is only a few steps away?
What if your particular frustrations could be transformed and removed?
- Not enough sales - gone!
- Not enough profits – gone!
- Nobody seems to do what they are supposed to do the way they are supposed to do it – gone!
- You can’t find and keep good people – gone!
- Your business seems to run you rather than you running it – gone!
Big Promises??
Here are two more intriguing questions.
- What if it’s actually true?
- What would that mean to you and your business?
Bring Back The Dream, The Vision, and The Entrepreneur
Imagine your business, the one you work in every day, and think about those frustrations that make you wonder why you keep doing it day after day.
And in spite of what you do, the same issues and frustrations keep coming up over and over. You keep trying, hoping, looking for a different result, but in truth nothing really seems to change. But it can!
Let’s change the rule you follow from the 4/96 to the 92/8 rule.
The 4/96 Rule
Every year in this country about a million businesses are started. Within the first year, between 40% and 50% of those will be gone. By the end of the fifth year, 80% will be gone, and by the end of the tenth year 96% will no longer exist.
That’s a 4% survival rate. That is the 4% survive and 96% fail rule.
The 92/8 Rule
Businesses that are built around the model of a franchise prototype, whether they be one location or many, have a survival rate of 92% in the same ten-year period during which the typical business venture fails at the rate of 96%.
A franchise prototype is any business that is conceived, developed, organized and built in such a way that it becomes a system of results that works predictably and consistently with or without the presence of the owner, and that could be, if the owner so chose, replicated one or more times to produce exactly the same result.
So a prototype is nothing more than a perfect working model, and a franchise is a proprietary set of processes or systems that is unique in total to a particular business. In short, it is a turnkey business.
So, the problem with small business is not the product or service it sells, the price it charges, the employees, the economy, too little capital, or any of those things.
Are those things important? Of course. But the real problem with small business is the owners—the owners and the way they think about their business and the way they work in the business. Most small business owners do an incredible amount of work, but most are also doing the wrong work.
