2min snip

The Smart Passive Income Online Business and Blogging Podcast cover image

SPI 832: The SCALE Framework for Passive Income

The Smart Passive Income Online Business and Blogging Podcast

ADVICE

Systematize Before Hiring

Summary: To avoid future issues, systematize your business operations and create Standard Operating Procedures (SOPs) before hiring a team. Hiring before systematizing forces you to develop these crucial processes while training, which is inefficient. Passivifying your business requires strategic repositioning, not necessarily more effort. Insights:

  • Systematizing involves creating SOPs which are step-by-step checklists for business operations.
  • Hiring before having SOPs in place leads to inefficient training and process development.
  • Building a passive business requires strategic repositioning rather than increased effort. Proper Nouns:
  • SOPs: Standard Operating Procedures, which are step-by-step checklists for business tasks.
  • SCALE framework: A framework for making a business more passive including Systematize, Consolidate, Automate, Leverage, and Evaluate.

Research

  • What are some effective methods for creating SOPs for various business functions?
  • How can businesses assess their current level of systematization?
  • What are the common pitfalls of hiring before establishing clear SOPs?
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