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  #1  
Old February 15, 2007, 11:37 PM
Ankesh's Avatar
Ankesh Ankesh is offline
Senior Member
 
Join Date: Sep 2006
Location: Mumbai, India
Posts: 693
Default Re: Why SOB's Succeed & Nice Guys/Gals Fail in Biz

Thanks Glenn.

I've read one of Bob Morrison's book before. His son was selling them on ebay...

I'll try finding "Why SOB's Succeed and Nice Guys/Gals Fail in Business"

Thanks.
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  #2  
Old February 16, 2007, 05:44 AM
Joetrevison
 
Posts: n/a
Default Re: E-myth Revisited

Ankesh.

I think you have the idea for success and I wish you well. You have a great system. Michael Gerber does say to put all the things people do and how they do in writing. See I read the book.

Like I said I outsource at times. My son is doing something on ebay for me right now. I outsource to him for part of a profit if any. I don't have time I have a big tax load for my January to April big job project. I do have an associate that efiles for me. We bartered and no money usually changes hands. One time he did give me $500 because he had a great year.
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  #3  
Old February 16, 2007, 06:55 AM
Joetrevison
 
Posts: n/a
Default Re: E-myth Revisited

You just sold me I went to Amazon.com and bought the Bob Morrison book, it was a steal, Postage and everything just about $8.00. Can't beat that. Can't wait to read it. Thanks, Friends.
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  #4  
Old February 15, 2007, 01:06 AM
Ankesh's Avatar
Ankesh Ankesh is offline
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Join Date: Sep 2006
Location: Mumbai, India
Posts: 693
Default Re: E-myth Revisited

Thanks Jim for willing to help.

I've been juggling 2 very promising new big projects since a few months now. I don't want to give up one of them - although working on both together is delaying them both...

A few disclosures:

1. Am in a good position financially. Can take holidays whenever I want. Lots of flexibility.

2. I have 2 people working for me right now (1 is full time, other is part time).

3. The problem is work keeps on piling up. For eg: I took the day off yesterday. But today - I have a bit more work to do than usual.

What I want is to be like the big public limited companies. Where the "owners" don't work at all.

(All this clicked for me before E-Myth - when I read a comic book on Chanakya last year. Chanakya united whole of India 2500 years ago - without lifting a sword. He got others to lift the sword for him.)

Few things I'm looking for help in is:

1. Hiring some one to read my emails. I usually spend 1-2 hours everyday - when I work - on emails. How do you outsource emails when all of the emails are not related to any specific project? Its a scary thought - training someone and teaching them how to answer questions for 6 different projects. At the same time, its not a job I can outsource to more than one person...

2. Hiring a project manager. Right now, I over look the day to day work. And supervise 2 people working for me. But would like someone else to take this over. The problem is transitioning - how do you hire a CEO without giving away a lot of control - when your company is so small?
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  #5  
Old February 15, 2007, 06:35 AM
Phil
 
Posts: n/a
Default Re: E-myth Revisited... Your Answer & Solution!

Ankesh,

Here's your Solution!

Sounds like you need more of a Virtual Assistant(s) to Help with those details.

As you know Googling will give you a Great selection...

A Worldwide choice and Affordability, especially if you Think about your preference of Location and the Currency within your Budget.

A few Resources to consider...

A Business Opportunity &/or Virtual Assistant Resource...
http://www.entrepreneur.com/starting...icle71516.html

http://www.vanetworking.com/
http://www.google.com/Top/Business/B...al_Assistants/

Phil

Last edited by Phil : February 15, 2007 at 06:38 AM. Reason: additional info
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  #6  
Old February 16, 2007, 10:21 AM
James Anthony
 
Posts: n/a
Default Re: E-myth Revisited

Quote:
Originally Posted by Ankesh View Post
I've been juggling 2 very promising new big projects since a few months now. I don't want to give up one of them - although working on both together is delaying them both...

Yeah, I kinda know the feeling.

Quote:
Originally Posted by Ankesh View Post
Hiring some one to read my emails. I usually spend 1-2 hours everyday - when I work - on emails. How do you outsource emails when all of the emails are not related to any specific project? Its a scary thought - training someone and teaching them how to answer questions for 6 different projects. At the same time, its not a job I can outsource to more than one person...

Where are all the emails coming from? Are a majority of them from a specific website of yours? Are a lot of the questions the same? If so, there are a lot of programs out there for support ticketing systems.

I'm sure you've seen them. Users can select from a list of topics and ask their question about that topic. They are then sent an auto reply answering questions about that topic and asked "did this answer your question?"

If yes - the ticket is closed.

If no - the ticket is routed to whoever you specify for that topic.

If your emails are coming in from a variety of sources, it would obviously be much more difficult and I don't see an obvious solution.

Quote:
Originally Posted by Ankesh View Post
Hiring a project manager. Right now, I over look the day to day work. And supervise 2 people working for me. But would like someone else to take this over. The problem is transitioning - how do you hire a CEO without giving away a lot of control - when your company is so small?

Why do you want the control? Control causes headaches. I used to think I needed to control everything. Now I think totally opposite. I try to give that control away to people smarter than me (not hard to find) whenever I can.

I use Basecamp to check in on things whenever I want to and I can see what's going on with all of my stuff on one screen, any time.

I know you've seen Basecamp, but probably only very few things that it can do. It's the best online project manager in existance....

http://www.basecamphq.com/

I've got three businesses that run on one Basecamp account.

You can assign different people or companies to different projects and give people different levels of access.

For example - each business only sees their own stuff and is not able to see what the others are doing.

All the updates and project statuses are posted there for me to see.

My lawyer and accountant have access to all projects, but only to contact whoever they need to. People that don't need to see that stuff don't have access to it.

If we set up with a new vendor, I can add that vendor to the project so they can communicate with whoever they need to but not have access to things they don't need to see.

It's really cool and a great way to keep all communications in one place and sorted in a logical and easy to follow way.

Jim
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  #7  
Old February 16, 2007, 09:22 PM
Sandi Bowman
 
Posts: n/a
Default Re: E-myth Revisited

Ankesh, you mention about things backing up and having more to do if you take a day off. That tells me that you may need to backtrack a bit and do a flow sheet analysis to find and eliminate the bottlenecks. It probably doesn't have to be ultra sophisticated since you do have a system, of sorts, in place, but you do need to take note of WHAT needs to be done, in what order, and by whom.

If things are bottlenecking then one of several things are true:

1. One person or portion of the system has too much to handle or is not up to the task so it needs to be looked at and possibly broken down a bit. Also consider some additional training as appropriate.

2. The tasks are not clearly defined so people doing them do not know exactly where their priority tasks are coming from and when, and how to handle them and then hand them off to the right person/department when completed.

3. If you are the source of the bottleneck (which I suspect in one instance at least since you have extra to do when you return after a day off) then you need to get busy and train someone else to do what you'd ordinarily do so you don't have to double time things to take a day off.

No matter what the problem, if things are bottlenecking, a flow chart will help you sort out the problem. If you see a place with 5 source inputs and only 1 output, you have a potential bottleneck in most cases.

A small example: if a machine can cap l bottle per round and the bottles are coming in 3 per round, there's an obvious imbalance there and changes need to be made. Same thing with people and tasks.

Hope this is some help.

Sandi Bowman
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  #8  
Old February 17, 2007, 10:42 AM
Joetrevison
 
Posts: n/a
Default Re: E-myth Revisited

Sandi Knows what he is talking about, Flow charts were use by Joseph E. Cossman to expain lot of his course. They work for bottlenecks and other things.

You should have detaiil plans for all the jobs that people do in binders. This is in EMyth the book that some think I did not read. Every one in business should read it once or twice a year or even every month. He even wrote a book about contracts and doctors. Did you even go to a doctor and have to wait and wait. Yes I know you have. He had a great plan for them. But how many doctors would do it? They are part of the emyth problem.
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