3 Ways to Accelerate Your Business

The other day, I was re-listening Brad Sugar interview Keith Cunningham as part of the Master Mentor Series.  Keith is a business profitability expert, who wrote the course seminar that world-renowned Robert Kiyosaki turned into the best selling book Rich Dad, Poor Dad.  Of the many gems I received from listening to this interview, I would like to share one with you.

Most of us would agree that our business isn’t growing as fast as we would like.  If we had to describe the speed of our growth, we would compare it to the speed of a tricycle.  Most of us are peddling away as fast as we can, but - on a tricycle - we can only peddle just so fast.  To stay at that fast pace takes a lot of energy.

What can we do to increase our business growth from the pace of a tricycle to that of an automobile or jet airplane?  

Add systems, dials & knowledge.

Systems – A tricycle has only 3 systems to make it move: a steering system, a 3 wheel system and a peddling system.  None of these systems needs to be monitored or needs much knowledge to operate.  These systems are so simple even a “caveman”, sorry, I mean a 2 or 3 year old can operate it.  What allows an automobile or jet to move fast?  It has more sophisticated systems.  No longer is our acceleration powered solely by our effort, but by the automobile or jet's systems. These systems accelerate our growth, but use less energy on our part.

Dials – If our systems are not working properly, we may not be moving at all or it may even lead to an accident or someone’s death.  To prevent system failure, we need dials or a dashboard to monitor our speed and acceleration.  If we are moving at the speed of a jet and we make a mistake, it could lead to some serious consequences.

Knowledge –  Just about anyone can ride a tricycle.  It doesn’t take much knowledge or training compared to that of an automobile or jet.  However, just having a pilot’s license isn’t enough to make you qualified to fly jets.  You need continuous and more strenuous training.

To move your business growth at jet speed:

1. Create new or improve your current systems.  A jet moves faster than a propelled aircraft (or a tricycle) because of its systems.
2. Create a dashboard of KPI’s (smart numbers or key performance indicators)  for your business to monitor the effectiveness and efficiency of your systems.  If not, you might be in spiral spin downward and won’t know it until you crash.
3. Continuously increase the knowledge of you and your team to run your systems better.

Please let me know your thoughts in the comments section below...