creating efficient business systems is a crucial part of business success. I introduce my "run your business from an island test", which is designed to test the efficiency of your business systems.
Titanium Life Podcast Episode 34: Create Systems so Your Business Can Run Without You
1. Episode 34
• How efficient are your business
systems?
• They should be efficient enough so
your business can run without you.
• A key performance indicator (KPI)
dashboard is how you make it
happen.
Business Coaching Inquiries: (844) 884-8264 | titaniumsuccess.com
Create Systems So
Your Business Can
Run Without You
2. vV
Would You Drive Your Car
Without a Gas Gauge?
Business Coaching Inquiries: (844) 884-8264 | titaniumsuccess.com
• We take the gas gauge in our cars for
granted.
• We don’t realize how important
it is until it breaks.
• You never know when you’ll be
on empty.
• This will make you stop for gas
way more often.
• No matter how much you fill up,
you’ll run out one day.
• Does this sound like how you run
your business?
3. vV
You Need a Dashboard
for Your Business
Business Coaching Inquiries: (844) 884-8264 | titaniumsuccess.com
• Are you putting in more effort
than you should, yet still falling
short?
• It’s because you don’t have a
KPI dashboard.
• Your dashboard in your car is
an example of a KPI
dashboard.
4. vVEven Your Body Has KPIs
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• Your KPIs should tell you where you need
to “dig deeper.”
• The KPIs for your body that the doctor
takes each visit are:
• Heart rate
• Blood pressure
• Breathing rate.
• They start with these three because they
are easy to track and measure.
• They also give health professionals
the most diagnostic information.
5. vV
Choosing the Right Key
Performance Indicators
Business Coaching Inquiries: (844) 884-8264 | titaniumsuccess.com
• Let’s go back to the car dashboard to
show the type of KPIs you should
choose.
• On the car, you have the:
• Gas gauge
• RPM gauge
• Temperature gauge
• Speedometer.
• The car dashboard tells you everything
you need to know about the car’s
health.
• It’s simple to use.
• Your KPI dashboard for your business
needs to be the same.
6. vVDon’t Try to Track Too Many Things
Business Coaching Inquiries: (844) 884-8264 | titaniumsuccess.com
• Most of you will try to track too many
things.
• Keep looking at your car dashboard
when creating a KPI dashboard.
• try to create something similar.
• Your first goal is to identify your 3
most critical KPIs.
• Then you’re ready for the “Run
your business from an island” test
7. vV
The “Run Your Business
From an Island” Test
Business Coaching Inquiries: (844) 884-8264 | titaniumsuccess.com
• Here’s how the test works.
• Imagine you are on a remote
island.
• You have 1 minute of internet
access a day to run your business.
• You get 30 seconds at 8 am and
another 30 seconds at 8:09.
• How would you use this time to run a
successful business?
8. vVHow to Pass the Island Test
Business Coaching Inquiries: (844) 884-8264 | titaniumsuccess.com
• You need to have systems set up that
are at peak efficiency.
• Are you an artist or entrepreneur
CEO type?
• Bring on an Operator to help you
build efficient systems.
• Once you have your systems down
you need a brilliant KPI dashboard.
• Your three main KPIs need to
measure the health of your
business.
9. vV
What the Island Test Tells
You About Your Business
Business Coaching Inquiries: (844) 884-8264 | titaniumsuccess.com
• Passing the island test means your
systems are at peak efficiency.
• Failing the island test means your
system needs work.
• Schedule a business coaching session
to learn how to create business
systems that let your business run
without you.
10. BUSINESS DOWN
TO A SCIENCE
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Business Coaching Inquiries: (844) 884-8264 | titaniumsuccess.com