Business systems: The key to business success | QuickBooks

Business systems are composed of detailed procedures that business owners can replicate for consistent, measurable results. Business owners who implement these systems can free up valuable time to work on their businesses—not in them.

As businesses across industries struggle with the COVID-19 pandemic, many business owners are discovering holes and gaps in their daily operations. These entrepreneurs are seeking ways to overhaul their processes. Business systems may be the key to solving many of their current problems.

According to Michael E. Gerber, author of “The E-Myth,” the core components of business systems are key to business growth. In a recent interview with QuickBooks, he explains why business systems are the solution to virtually all common problems small business owners encounter.

According to Gerber, every frustration in your business is the result of a lack of a system. If you had a system, you wouldn’t be frustrated, and you could meet all of your business needs. If you’re managing every aspect of your business, you may spread yourself thin. It’s time you could spend attracting more clients, boosting profitability, or scaling your company. A business built on systems is one that doesn’t depend on you to be there to succeed.

Bottom line: Business systems can bring consistency to your business activities. Consistency allows you to focus your efforts on your business goals.