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Providing Business Coaching for Athletes and Small Business Owners In today's bustling business landscape, efficiency is key to success. Everyone TALKS about systems but how are they created and how do you protect yourself? Most small business owners I work with are visionaries and executors. They have great ideas, a strong vision for what they desire, and many are good sales people. The most common issue they share with me is: "Kim, I'm great at marketing, but I need help organizing"; or "I know how to do all of this but I now have to hire someone and everything is in my head!" If you don't have your systems, policies and procedures documented, or you haven't laid the proper foundation of legal support via contracts, service agreements, or have insurances in place to protect you, your business could truly be a house of cards. This past weekend, I spent several hours outlining a table of contents, starting a comprehensive operations manual, and organizing 100's of pages of documents into a working document for a client and her team. While her expertise is sales and marketing, there were many gaps in the foundation of the structure of her organization and we needed to put a better tool together for her company. Operations manuals are crucial for your success and here's why you need one:
When I discussed selling my company to a broker in 2019, he thought that since I had a service based business, that I was selling my client list. When I told him that I had flown into Denver and had been running my business absentee from my kitchen for two years, he realized I was selling an entire "Business in a Box". My operations manual and employee handbook ensured that I went from a 1x valuation of my business based on a client list to 5x full valuation to sell. Operations manuals are not just administrative documents; they are invaluable assets that drive efficiency, consistency, and growth in your business. And they are a key part of your succession planning and exit strategy. Don't neglect the administrative part of your business. You can also hire me to help you organize yourself if that is not your area of expertise. So reach out if you need help with organizing, writing employee handbooks and operations manuals, or preparing your business to hire employees. Building teams with strong business foundations is one of my superpowers. All business is about people and I want you to shine and thrive! Projects I am working on:
Want to learn more about how I scaled and sold my 10 year old company? Click the link to order your copy of "Get Stuck In!" today! |
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