Tip #19: Leverage Your Time By Creating Systems
Did you know that Burger King started before McDonalds however Burger King has never grown as fast, earned more per store or annual sales and is failing to prosper versus McDonald’s?
Ray Kroc, the founder of McDonald’s, revolutionized the regular “hamburger stand” by systematizing all of the processes of the “burger joint” and changed the way fast food restaurants are run.
The most important lesson to learn from McDonald’s? The system beats the taste every time. Arguably, Burger King has a better tasting burger but they consistently lose to McDonald’s.
As a business owner, you have to be selective about the actions that consume your time. They must be made with specific criteria and high expectations. You must select programs that have:
- Proven Strategies
- Ease of Implementation
- Straight Forward Directions
- Suggested Timelines
- Flexible Expense Options
- A Plan for Success
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