How do you create a business that manages itself? Most people chalk it up to people management, but it actually goes much deeper than that. What you should be doing is empowering your employees to become self-managed by giving them the freedom to make their own choices and the responsibility to be accountable for the choices they make. Encourage your employees to practice self-management techniques and watch your business run on its own, freeing up time for you to handle more pressing matters. This is, however, easier said than done and you need to have a team of like-minded people who share your vision to truly make it work. Ron Escoffery is a serial entrepreneur who’s faced these challenges himself, failed more than once, but has ultimately come out on top. He’s published three books on his experiences and, in this new podcast, is broadening the discussion on what it means to build true wealth and how to achieve it. On the 9th episode of the African-American Business Owners Podcast, Ron Escoffery talks about how African-American small business owners need systems and processes in place, which serve a significant role in building and running a company. He also mentions that the essential building blocks towards business growth are your team, the proper manuals, and streamlined processes.
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