Profit Wise: How to Make More Money in Business by Doing the Right Thing

Every now and then you run across a business leader who has worked successfully across multiple business segments. Very occasionally, you find a business leader who has successfully built businesses from the ground up across multiple business segments.

If you are lucky enough to find a business leader like this, you need to learn as much as possible from them as fast as you can!

And this is where, Jeff Morrill comes in!

SYSTEMology: Create Time, Reduce Errors and Scale Your Profits with Proven Business Systems

It is no secret that the business book market is a “red ocean” of competition where it is almost impossible to create a differentiated product. So, when I come across a business book that I know will make a huge impact to organizations, I always try to share what I have learned from the book with others.

David Jenyns book SYSTEMology is one of those books!

For business veterans, SYSTEMology will be a wake up call for what we should have done or still need to do within our business.

For those new to business leadership, SYSTEMology is a great resource that provides the background and the tools necessary to systematize your business. This systematization will decrease workloads while increasing quality, repeatability, and profitability.

Four Levels of Systematization

Jenyns defines four levels of business systematization as:

Growth IQ

Get Smarter About the Choices that Will Make or Break Your Business

The book review for this week is Growth IQ by Tiffani Bova.

Bova has written a powerful book that describes the optimal paths to business growth in today’s marketplace. She backs up her theories with excellent case studies using relevant businesses and their current levels of success and/or failure.

My takeaways from this book are the ten paths to business growth shown in the list and diagram below and the knowledge that most of these paths are not stand alone. Most business growth comes from applying a number of these paths in a strategically informed sequence. In fact, context, combination, and sequence can be the key to success!

An Introduction to the Rockefeller Habits

In 2002, Verne Harnish published his book “Mastering the Rockefeller Habits.” At the time, I was transitioning from “mega-project” management into business management and this book made a huge impact on how I run a business.

I never thought too much about it at the time but now as I reflect on how I have led organizations (businesses and not-for-profits), I constantly leverage all of the ten Rockefeller habits that Harnish outlines in his book.

I find it interesting that the organizations that “bought into” the “Rockefeller system” with me performed well over time even though we may have experienced some tough periods in the market. Conversely, the organizations that just could not get aligned around the system, were not able to experience the same levels of success.

So, what are these intriguing habits?

What is Effective Leadership?

Effective leadership can make or break your business. Are you an effective leader?

A few months ago, I wrote a post entitled “Are You an Effective Leader and Why You Should Care” Since that post, one of my Mastermind groups discussed each of the 23 aspects of leadership outlined in this post. This discussion revealed some very valuable nuggets of information! I took a lot of notes during these discussions and the key points I captured are shown below:

Mastermind Discussion on the 23 Elements of Leadership