Welcome to the System Sammy podcast.
Speaker AI'm your usual host, Joanne Gill, and today we are getting into the topic that could change the way your business runs, and that is actually looking at the real ROI of systems improvements.
Speaker AAnd if you've ever felt like systems are just some sort of like fluffy business advice or you feel like it's just such a broad term that you don't even really know how to grasp it, like today's episode is going to be good.
Speaker ASo to help us break it all down, I've got Mary from Systems Lane on the podcast and she is an ex digital nomad turned systems queen, helping business owners streamline their operations, optimize their workflows and reclaim their time.
Speaker AAmen.
Speaker ABecause let's be real, time is the most valuable currency.
Speaker AAnd Mary is going to be walking us through why systems aren't just nice to have, but a profit driving, stress reducing, business scaling necessity.
Speaker AAll right, so we're talking about how the right systems can save you hours every week, week, boost team efficiency and even increase your revenue without having to add more people to your payroll.
Speaker ASo if you've ever found yourself drowning admin work, chasing your team for updates, or just feeling like your business is running you instead of the other way around, grab a notebook.
Speaker AThis one is going to be packed with insights.
Speaker ALet's dive in.
Speaker BHello, legends.
Speaker BWelcome to another episode of System Save Me, where we talk all things business systems, strategy and scaling up without distractions.
Speaker BTrust and Mary and founder of Systems Lane and today guest ex digital nomad turned into a system queen.
Speaker BI help businesses streamline their operations, optimize their workflows and reclaim their time.
Speaker BWhich, let's face it, it's the most valuable currency, isn't it?
Speaker BNow today's episode is all about something that sounds kind of technical, but it's actually the secret sauce to a business that runs like a dream.
Speaker BThe ROI of systems improvements.
Speaker BThat's right.
Speaker BWe're going to talk about why investing in systems or better systems isn't just some fluffy business advice, but something that can literally put time, energy and even cash back into your pocket.
Speaker BROI is often thought as of just dollars, but let me tell you, it's so much bigger than that.
Speaker BWe're talking about time, resources, team efficiency, tools and even stress management.
Speaker BDid you know that according to a recent report by small business trends, 76 of small businesses say the right systems help them scale without adding to their team size?
Speaker BThat's right.
Speaker BGrowing smarter, not harder, my friends.
Speaker BAnd also to make it even juicier, a software study revealed that 63 of small businesses owners credit automation for helping them save at least 20 hours per week.
Speaker BThat's almost a whole day back in your pocket to focus on high impact tasks.
Speaker BThat's fantastic.
Speaker BSo let's dive in and figure out if your systems are giving you a bang for your buck or just making noise in the background.
Speaker BLet's start with a question.
Speaker BWhat's the cost of not having the right systems in place?
Speaker BImagine this.
Speaker BYou're running a business without clear workflows or automations.
Speaker BEvery month you spend hours manually tracking for payments, responding to emails, chasing your team for updates and fixing mistakes that could have been avoided.
Speaker BThat sounds quite exhausting already, doesn't it?
Speaker BAnd here's the thing.
Speaker BA lack of systems doesn't just waste your time, right?
Speaker BIt drains your energy, increases your stress, leaves money on the table.
Speaker BAnd we no one wants that.
Speaker BDon't we?
Speaker BNow let's flip the script.
Speaker BWhat happens when you implement strong system and you can see your time being freed up?
Speaker BImagine shaving hours off your week because repetitive tasks are now automated.
Speaker BAlso, your team becomes more efficient.
Speaker BEveryone knows what they're doing, when they're doing it and how it ties into the bigger picture.
Speaker BAnd last but not least, avoid costly mistakes.
Speaker BA miscommunication or drop task can cost you a client or delays in a project.
Speaker BAnd systems ensure nothing falls through the cracks.
Speaker BAnd here's a fun thought experiment for you.
Speaker BWhat would your business look like if you got back 10 hours a week?
Speaker BWhat could you do with that time?
Speaker BFocus on growth.
Speaker BSpend time with your family.
Speaker BFinally take that holiday.
Speaker BI'm pretty sure you already have an idea on what to spend it on how to spend it, right?
Speaker BWe all do.
Speaker BAll right, now let's break it down.
Speaker BOr this real ROI of systems improvement.
Speaker BAnd spoiler alert, as we said, it's not all about dollars.
Speaker BIt's about time.
Speaker BIt's about resources, energy, or even your peace of mind.
Speaker BAs we already discussed, let's say you spent about 10 hours a week on admin tasks that could be automated or in some other cases could be outsourced.
Speaker BThat's 40 hours a month, a full work week.
Speaker BNow imagine those hours were spent on revenue generating activities like client work or sales.
Speaker BFantastic.
Speaker BEven better.
Speaker BNow what's the monetary value of your time?
Speaker BIf you charge say $100 an hour, that's $4,000 a month.
Speaker BThat could be making instead of fiddling with spreadsheets and slack.
Speaker BAlso, have you ever had team members ask the same questions over and over?
Speaker BBecause the Processes weren't clear or worse, had tasks fall through the cracks.
Speaker BStrong systems give you the team clarity, which saves you time and frustration.
Speaker BAnd when your team is happier, they're more productive, which means better results for your business.
Speaker BAnd then the tools.
Speaker BAre the tools you're paying for helping your bottom line or are they just shiny distractions?
Speaker BSystems help you use the right tools effectively.
Speaker BFor example, automating your client onboarding might cost you around $50 a month, but could save you hours and make a killer first impression.
Speaker BSo this is much more than the $50 investment, isn't it?
Speaker BAnd last but not least is stress management.
Speaker BYes, that counts too, because systems aren't just about efficiency, they're about sanity.
Speaker BThey stop you from waking up at 3am wondering if you forgot something, which often happens to me at least.
Speaker BAnd that's a big value for of peace of mind, right?
Speaker BWhat's your value of peace of mind?
Speaker BI would argue it's priceless.
Speaker BNow that we know the benefits, let's get into the nitty gritty.
Speaker BHow do you calculate the ROI of your system?
Speaker BAnd here's a simple formula to get started.
Speaker BReturn of investment or ROI is calculated by subtracting the cost of the investment from the gains generated by Namebase.
Speaker BReturn of investment or ROI is calculated by subtracting the cost of investment from the gains generated by the investment.
Speaker BThen you divide the result by the cost of investment and finally multiply the outcome by 100 to express it as a percentage.
Speaker BLet's first break it down into real terms and make it a little bit more podcast friendly.
Speaker BSo first, number one, gains from the investment.
Speaker BStart by identifying what your systems are saving you or helping you earn, for example, time saved.
Speaker BTo calculate the monetary value of your time, increased value or increased revenue from better clients, retention or faster delivery and reduce costs, for example fewer mistakes or less wasted time.
Speaker BNumber two, what are you spending on your systems?
Speaker BAnd this could include tools and software subscriptions, consultant fees, like hiring someone to set up your systems or update your systems for you, wink, wink.
Speaker BAnd team training to implement new processes.
Speaker BAnd number three, let's just plug all this information into a formula, right?
Speaker BLet's say your new system saves you around $5,000 a month in time and revenue and it costs $1,000 to implement.
Speaker BSo we will do take this $5,000 and subtract $1,000 and then divide the result by 1,000.
Speaker BFinally multiply that by 100 to express it at a percentage.
Speaker BAnd do you know what the result is?
Speaker BIt's 400%.
Speaker BThat's 400% return of your investment.
Speaker BNot too shabby, right?
Speaker BAnd, well, what are the key metrics you want to improve with your systems?
Speaker BAnd of course this will depend on your business type, but here are some common ones.
Speaker BSome common types you want to take advantage of and you want to take note.
Speaker BPlease save time per week or per month, increase in revenue or client retention rates, reduction in errors or missed deadlines and faster onboarding, offboarding or delivery times for clients to make a better customer experience.
Speaker BThink about this.
Speaker BWhat's the one thing you wish was easier, faster or less stressful in your business?
Speaker BAnd that's where systems can deliver this roi.
Speaker BAll right, let's talk about how to make sure the systems you're putting in place actually work for you.
Speaker BBecause let's be real, if it's not saving your time, money or sanity, what's the point, right?
Speaker BAnd that's what we want.
Speaker BAnd first up, track your before and after data.
Speaker BAnd I get it.
Speaker BTracking data might sound boring and be honest time consuming, but trust me, it's absolutely necessary.
Speaker BYou can't measure improvement if you don't know where you started.
Speaker BSo before you roll out and fancy new system, take a look a hard look at your current situation and ask yourself how does it take you or your team to complete certain tasks manually?
Speaker BHow many clients or projects can you realistically manage at one time without feeling completely burnt out?
Speaker BAnd how often do errors or delays pop up that threw off your flow?
Speaker BWrite these numbers down and if you have more, please do.
Speaker BAnd seriously, get all these documented.
Speaker BIt's like the before picture in your system's glow up.
Speaker BThen once your systems are up and running, track those same metrics again.
Speaker BCompare the before and after and that's your tangible proof of improvement.
Speaker BAnd who doesn't love seeing progress right now?
Speaker BThe next one is don't skip training.
Speaker BAnd this is huge because I don't care how fancy or expensive your tool is, if your team doesn't know how to use it, it's basically just a shiny paperweight.
Speaker BMake sure everyone is trained up.
Speaker BWatch tutorials, read the documentation, or better yet, hire an expert to walk everyone through it.
Speaker BAnd the time you invest in training will pay off tenfold, I promise.
Speaker BThen test the water first.
Speaker BNot 100% sure about a new system?
Speaker BWell, no problem.
Speaker BYou can start small, test out if maybe you can test it out with a single client or a project before rolling it out across the entire business.
Speaker BThis way you can spot any potential issues without causing chaos everywhere else.
Speaker BThink of it of dipping your toes in the pool before jumping in.
Speaker BSo we can then just make some tweaks before you roll out to the entire business.
Speaker BNow let's talk about one of my favorite topics which is automation.
Speaker BAutomations are likely the quiet heroes of our systems and your business.
Speaker BThey save you time and eliminate these repetitive tasks that no one wants to do and of course errors.
Speaker BWhether it's client onboarding, payment reminders or follow up emails, automating these rise and repeat tasks frees you up to focus on the big picture and what you love doing.
Speaker BThen remember to regularly review your systems.
Speaker BHere's the thing.
Speaker BSystems aren't really a set and forget kind of thing.
Speaker BThat's a myth.
Speaker BAs your business grows, your systems will need to grow too.
Speaker BWhat worked when you had fat clients might not work when you got 50.
Speaker BSo schedule regular check ins, maybe quarterly or annually to audit your workflows, tools, and also team efficiency.
Speaker BA little maintenance goes a long way.
Speaker BAnd lastly, focus on high impact areas.
Speaker BFirst, you don't need to overhaul your entire business overnight.
Speaker BAnd honestly, you shouldn't start with areas where you're losing most of your valuable time, money and resources.
Speaker BFix Just one bottleneck can create a massive ripple effect across your operations.
Speaker BThink of it as pulling the biggest weed in the garden and that frees up space and energy for everything else to thrive.
Speaker BNow here's a question for you.
Speaker BWhen was the last time you calculated the ROI of your business system?
Speaker BAnd if the answer is never, it's time to start, my friend.
Speaker BHere's a golden rule I have.
Speaker BIf your systems are saving you more than they cost, whether it's in time, in money or stress, they're worth the investment.
Speaker BBut if you're not seeing a return, it's time to reassess.
Speaker BBecause they should.
Speaker BAnd ask yourself, is it systems addressing my biggest bottlenecks?
Speaker BIs it being used effectively by my team?
Speaker BAm I actually tracking improvements it's making?
Speaker BAm I tracking if it's actually better than before?
Speaker BSo here's the big takeaway.
Speaker BSystems aren't just a nice to have.
Speaker BThey're the foundations of successful, scalable and sustainable business.
Speaker BPeriod.
Speaker BThey aren't just about saving money.
Speaker BThey're about creating space.
Speaker BSpace to grow your business.
Speaker BSpace to focus on what you love.
Speaker BSpace to enjoy life outside work.
Speaker BWhen you invest in systems, you're not just buying software or templates.
Speaker BYou're buying back your time, your energy and your peace of mind.
Speaker BYou're giving your team the tools they need to thrive and make you thrive and make your business thrive and you're setting your business up to grow without the burnout for you and for everyone else on the team.
Speaker BHow does that sound to you?
Speaker BIs this something you feel you might be worth the investment?
Speaker BAnd if you're there sitting or walking while listening to this podcast and thinking, okay, Mary, this sounds great, but I don't even know where to start with my own systems.
Speaker BOr I do have my systems, but how do I even start to seeing if they're working or not?
Speaker BAnd you're not alone because that's where I come in.
Speaker BI offer systems audits where I'll dive in into your current operations, identify what's working, what's not, and giving you a tailored roadmap to streamline and scale your business without the overwhelm.
Speaker BYou can visit me and say hi.
Speaker BCome say HI.
Speaker BAnd to systemslane.com that's systemslane.com and let's book your audit together.
Speaker BWe'll make sure that your business is running like a well oiled machine and you're seeing real ROI from your efforts.
Speaker BNow, before we wrap up, let me give you a sneak peek into what's coming next because I'm really excited about this topic.
Speaker BWe're taking a deep dive into a topic that might ruffle a few feathers, but it's so crucial to scaling your business.
Speaker BIt's all about why a players aren't scalable.
Speaker BThat's right.
Speaker BWe're going to unpack the common myth of hiring a Rockstar team member will magically solve all your business problems.
Speaker BAnd well, spoiler alert, it won't.
Speaker BWell, we'll talk about why relying on superstar talent alone can actually hold your business back.
Speaker BAnd more importantly, how can you build these systems that make your business scalable no matter who's on your team?
Speaker BBecause the truth is, even a players need a framework to thrive.
Speaker BAnd let's face it, systems are the framework.
Speaker BSo if you ever wondered how to create a business that runs smoothly without being overly dependent on finding the perfect hire, you definitely want to miss this.
Speaker BWell, that's all for now.
Speaker BThis is Mary from systemslane and thank you for timing in.
Speaker BUntil next time, bye.
Speaker ASo good, right?
Speaker AThank you so much for listening to this episode of the System Save Me podcast.
Speaker AIf you loved this episode, I would so, so appreciate a review on whatever platform you're listening on.
Speaker ABut also go love on the guest host.
Speaker AConnect with them on Instagram, LinkedIn or wherever they suggested to reach out.
Speaker AI hope you're having a great day and I will see you on the next episode.