I am learning a lot from my business today and I thought I should publish my learnings for someone else to benefit from.

The overheads - get rid of them. Why?

Ask me. I just handed over the retail part of my business to an able management — outsourcing the overhead laden, bleeding business to someone who is more experienced int his aspect than I am.

Getting into this business thing had taught me one thing for sure — the importance of having to work ON one’s business and not IN one’s business. I had come across this thing first in a book called “E-Myth Revisited” by Micheal Gerber and I am hooked from then on.

I frequent a lot of forums on a regular basis and I had picked nuggets of crucial information from there too. A lot of successful entrepreneurs have suggested the “Low-overhead business”. Today, having outsourced my retail part and actively building up my corporate training business, I had come to understand the sheer power in those little words. It feels like nirvana when you take away the burden of a heavy overhead on you.

The way my business is structured now, it is all set to crawl out on a global scale. Guess what? Not a penny is spent. At least not as much as most companies do. Also, the returns are heady.

Building self-sustaining systems in business is a crucial element most small businesses overlook. It is not something they give a thought to. That is exactly the way reason why you see those numbers thrown around everywhere, like 85% percent of the businesses fail in the first year.

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