Tim Francis (Profit Factory) – Systems: Triple Path Of Readership
The two hardest parts of systemizing a business are:
- Writing the systems and procedures
- Getting people to follow them!
This method of creating your procedures ensures every member on your team is able to write AND follow the procedure no matter their level of expertise.
The problem many people run into, is that after a procedure has been followed a few times, most people will not read it again.
Tim has developed the Triple Path of Readership which provides users, at each stage, a simple way to follow the procedure every time.
Business online course
Information about business:
Business is the activity of making one’s living or making money by producing or buying and selling products (such as goods and services).
[need quotation to verify] Simply put, it is “any activity or enterprise entered into for profit.
It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors.”
Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business.
If the business acquires debts, the creditors can go after the owner’s personal possessions.
A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.
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