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- Unlock $500k in Business Equity (January 17, 2025)
Unlock $500k in Business Equity (January 17, 2025)
Dave Lavinsky
January 17, 2025
Here’s what we will cover today:
Learn the 6 benefits of building systems in your business
Get the answer to yesterday's trivia question
Discover why startups might not need a blog in 2025
Quote of the Day
"It seems to me we can never give up longing and wishing while we are thoroughly alive. There are certain things we feel to be beautiful and good, and we must hunger after them.”
~George Eliot
Today’s Tip
Today, I’d like to really encourage you to build systems in your business, if you haven’t done so already.
Below are the 6 key benefits of doing so:
Creating the system forces you to think through the process and improve it.
Having the system in place allows for improved and consistent performance.
Having the system in place allows you to quickly integrate new hires into your business.
Having the system in place allows you to easily come up with and implement new ideas.
Having the system allows you (the entrepreneur/manager/owner/etc.) to 1) take more time off, and/or 2) spend more time on higher value-added activities.
Having systems dramatically increases the equity value of your business.
While building business systems takes time and often does not immediately put cash in your pocket, the 6 key benefits above will pay for themselves over and over again. Building these systems is definitely worth doing. So, start systematizing your business today.
Today’s Resource
Turn Doubts into an Actionable Business Plan
What’s stopping your business dreams? Is it the overwhelming feeling of where to begin, or the fear of falling short in front of investors and lenders?
PlanPros.ai eliminates those fears.
Our AI software doesn’t just help you start; it gives you a roadmap to grow, fund, and succeed, all in minutes.
Answer simple questions, and watch as we transform your idea into a professional business plan with financial projections, strategies, and investor-ready designs.
Don’t let doubt hold you back another day.
Trivia
Today’s Question: Reflective of Dubai's shift away from an oil-based economy towards the information and tourist sectors, what is the alliterative name of the coastal central business district that was built with over 200 buildings in the 21st century?
Previous Question: French–Lebanese–Brazilian businessman Carlos Ghosn escaped Japan in the middle of the night on December 30, 2019 by flying to Beirut while possibly hiding in a large black audio equipment box. Ghosn was facing trial in Japan and claimed he "escaped injustice." He was facing false accounting charges related to his 17 years as the CEO of what auto manufacturer?
Previous Answer: Nissan
After helming Nissan as co-CEO with Ghosn, Saikawa took over from April 2017, and was a board member throughout the period concerned. He stepped down as CEO in late 2019 following a scandal over his own compensation.
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