According to Brian Tracy, "Your business will be successful, generating steady, predictable sales and cash flow, to the exact degree to which you develop systems that put as much of your business on autopilot as possible" .
Until our business control level is systematized, it exists largely in the mind of the individual who knows how to do it. As a result, it cannot be duplicated or replicated. If the person who knows how to do the job is not there, the business can eventually grind to a halt.
So what does control lever means? Financial Control Levers?
In this episode, Steve talks about levers in the Finance side that evolves around:
- Margins or return on sales
- Asset turnover and
- Financial leverage
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