
If you are a business owner or a business owner to be, let's examine this scenario.
Like other people, you are so excited when you first started your own business. But after a few months, you come to realize that you work longer hours than what you expected...and you even have to work on weekends!
You feel more exhausted than you used to be and you start to have doubts whether you should start your own business in the first place.
You are suffering from, what Michael Gerber says, entrepreneur seizure. Michael says that most small business owners were used to be "technicians" before starting their own business. For example, if you are good at baking, naturally you'll open a bakery shop.
When you, the technician, become business owner, you bring in the details of a technician to your business. Technicians look at things in a very detail manner. That explains why you end up doing everything yourself.
You want to make sure that you give the best service to your customers. You can't or you don't want to depend on other people to deliver the work for you. You probably don't even trust your own staff.
That's why, until one fine day, you ask yourself why you are so tired.
Under these circumstances, more often than not, your business cannot run without you. You must be there in order for your business to run. You don't have a single chance to walk away from your business, let say to go for a vacation.
Do you want to create a business that ties you up and there is no freedom for you at all? The answer is definitely a big no.
To overcome this problem, learn from the highly successful McDonald's. When you go to McDonald's, you don't meet the owner there. You only see a bunch of part time workers who mostly are high school students.
McDonald's is in every corner of the world. But the owner is not there!
Amazing.
Did it come to your mind that why McDonald's is so much successful than your neighborhood burger stand even though it's run by high school students and without the owner around?
Because McDonald's has designed an effective and efficient burger marketing and distribution system. A system that is so simple that even a high school student can follow.
Back to your business, you can emulate the success of McDonald's to run your business without your presence as a business owner...with the mind that you want to franchise your business.
That is how you should look at your business and that is how you should run your business.
Think about it, do you want your business to be the next McDonald's or just a burger stand along the roadside?
If you want your business to be the next McDonald's, you must learn how to run the business without you. Only by doing this, you can make a big fortune from your business with the power of leveraging.
Abel Cheng offers small and medium enterprises exclusive global profits insider tips in his free publication, Abel Cheng's Business Diary. To officiate a bi-weekly subscription, please go to http://www.abelcheng.com/diary.html
AP - The U.N. Security Council called for an immediate cease-fire in Gaza, but an intense bombardment of missiles from Israeli jets and helicopters early Friday and a barrage of Hamas rockets indicated there may be no quick end to the fighting.
AP - Millions of tons of toxic coal ash is piling up in power plant ponds in 32 states, a practice the federal government has long recognized as a risk to human health and the environment but has left unregulated.
AP - The game defied expectations. Tim Tebow fulfilled them. He rescued No. 1 Florida, running through and throwing over No. 2 Oklahoma for a 24-14 victory Thursday night that gave the Gators their second BCS championship in three years.
AP - Major Asian stock markets fell Friday amid more corporate gloom and worries that a key U.S. jobs report could show recession in the world's largest economy is deepening.
AP - President-elect Barack Obama implored Congress on Thursday to "act boldly and act now" to fix an economy growing perilously weaker. Democratic and Republican lawmakers complained about his tax policies, letting Obama know they intend to place their own stamp on the economic recovery effort.
AP - Gov. Rod Blagojevich faces almost certain impeachment by the Illinois House, a historic step that would trigger a trial to determine whether the Democratic governor should be tossed out of office.
AP - Trying to survive a deepening recession, employers are cutting their work forces to the bone, leaving more Americans unemployed and with dim prospects of finding a new job any time soon.
AP - Vice President Dick Cheney, warning against impulsive U.S. action in Iraq, says that whether the struggling nation backslides into a cycle of violence partly depends on how President-elect Barack Obama decides to pull out American forces.
AP - President-elect Barack Obama's proposed tax cuts ran into opposition Thursday from senators in his own party who said they wouldn't do much to stimulate the economy or create jobs. Senators from both parties agreed that Congress should do something to stimulate the economy. But Democratic senators emerging from a private meeting of the Senate Finance Committee criticized business and individual tax cuts in Obama's stimulus plan.
Reuters - U.S. employers probably cut the most jobs in at least 34 years last month as the global economic crisis gathered pace and moves by policy makers took time to filter through to struggling companies.
Reuters - Israel pushed ahead with its two-week-old offensive in the Gaza Strip, ignoring a U.N. Security Council resolution calling for an immediate ceasefire.
Reuters - Europe sought a swift restoration of gas supplies on Friday after striking a deal with Moscow on monitoring gas shipments via Ukraine that have been halted by a pricing dispute with Kiev.
Reuters - Financial giant Citigroup Inc will support a proposal in Congress to rewrite U.S. bankruptcy law to help troubled mortgage borrowers avoid foreclosure, Chief Executive Vikram Pandit said on Thursday.
Reuters - A legislative committee on Thursday recommended the impeachment of Illinois Gov. Rod Blagojevich, citing widespread abuse of power including allegations he tried to sell the U.S. Senate seat vacated by President-elect Barack Obama.
Reuters - President-elect Barack Obama's economic team is urgently overhauling the $700 billion financial rescue package to broaden its scope beyond Wall Street, The Washington Post reported on Friday.
Reuters - Al Qaeda's operations chief in Pakistan and a top aide are believed to be dead, a U.S. counterterrorism official said on Thursday, in what appeared to be the latest results of a campaign targeting the militant group's leadership.
AFP - Israel carried out new deadly air raids on the Gaza Strip on Friday as the UN Security Council called for an immediate ceasefire to end the two-week-old conflict in the Palestinian enclave.
AFP - European states deprived of Russian gas amid freezing weather were Friday hoping for a resumption of deliveries after the European Union claimed a breakthrough in the crisis between Moscow and Kiev.
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