T. Harv Eker argues that to grow a business you must "systemize" it — create repeatable processes that produce profit so the business can operate without the owner. If delivery of product or service requires the owner’s personal time, income is limited; systemization enables solving problems for many people and thus unlimited income potential.
The first thing that has to happen is the S word. And the S word stands for what? Anybody? Guess. Okay, I'll give you another letter. S. SY okay. SY not psy. Systemize. You've got to systemize your business. Every element of your business must be able to be systemized. And what is a system? The definition of a system is to a repeatable process, in this case that produces a profit. I'll say it again. A repeatable process that produces a profit. Now, what's the most important thing about the system? The system means that you must create a business that can listen to this work without you. If you have to be there for. For the business to. For the product or the service in any way, shape or form to be delivered, then guess what? You have broken rule number one of we. The number one rule of wealth is listen to this. No limits on your income. No limits on your income. And if you are, I have to be there, then you're limited, right? Because you're limited in your time, right? So you've limited that. If you get paid in any way, shape or form by salaries or monthly or anything to do with your time, you are limited. It'll be very hard for you to get rich. Please understand that. Okay, so getting back to systemize, you must systemize your business so that it works without you. Now that's a great thing, right? If it can work without you, why does it have to work without you? Because your job is to solve problems for people. If you solve a problem for one people, you get one money. Okay? You solve a problem for some people, you get some money, you solve a problem for a lot of people, you get a lot of money. Does that make sense? So your goal is to solve the problem for a lot of people. But if you have to be there for the problem to be solved, you can't do that.
