The Importance of Systematically Building Your Business
with Jordan Mederich
with guest Jordan Mederich #MakingBank S5E39
No matter how smoothly a company may appear to be running, there is always room for some sort of improvement. Human error and growth prevent businesses from having a perfect business foundation, and perfect working system. This doesn’t mean that they cannot be successful or try to tackle the problems that are happening within.
Jordan Maderich, the founder of DropFunnel.com, joins us on this episode of Making Bank to discuss how to pick and choose which problems in your business you should be focusing on. By creating a certain type of company culture, you can turn your problems into motivations and strengths instead of hold-ups. Plus, he talks about the importance of how a great team can allow for balance in the company, and in your personal life too.
Solving Systematic Problems
When Jordan was first building up his business and company, he took it day by day. Every day he asked himself, what problems can we try and solve today? “Cause I think, generally speaking, there’s a lot of macro problems and there’s a lot of micro problems. And sometimes, we add up the micro to feel macro, right. And we feel like, ‘oh, I’ve got all these problems,’ then you get overwhelmed.”
There will always be problems because things aren’t going to run perfectly smoothly even at the peak of success. When Jordan first started his business, it felt like he was putting out fire after fire. People were coming up to him and telling him things were not working. Jordan didn’t let this hold him up, though. When people presented him with a problem, he asked why it didn’t work and how they could make it work. What could they do to make it work? And so, that’s how his company moved forward.
This created the mindset through his company and with his employees that reflect the idea that having a problem isn’t a bad thing. “It’s only bad if you have a problem but you don’t know why.” When facing an issue, you have to say okay, how do we give both a response to the issue and also make sure that it’s not going to happen again. When the problem arose, Jordan wanted to ensure from that point forward the problem wouldn’t happen again.
The answer that lies in creating and building successful systems is to have a strong foundation. As an entrepreneur, every day is about building businesses to create a working, efficient system and experience. It doesn’t matter what kind of business you’re running – it’s a system. When something is breaking, it’s the exposure of your weakness. So, by identifying that you have a broken part in the system, you’ve got to work to get that issue fixed and prevent it from happening again. “There will always be problems, but our goal as entrepreneurs is to prevent future problems.”
How Strong Teams Build Strong Businesses
When it comes to building successful companies, Jordan places an emphasis on building strong teams of people. He would rather hire someone who is really good at their job than try to learn the skill himself and do it mediocrely.
“I like to bring team members in who are hungry, but don’t yet have the skill set that they need yet because I can teach, I can train skills, but I can’t train desire.” Jordan wants people in his team that will grow and that will bring in core competencies that will not only allow them to thrive in the workplace but will also allow them to accomplish their own personal career goals.
There isn’t a lack of information or skills that can be taught to a person. Jordan wants to hire people that make the team and business overall more sustainable.
Jordan’s team itself is made up of 19 people, and 100% of those people have been hired within. These are users of the platform that he created that advocate for the service and aim to try and make it better. “We bring them in and say, ‘hey, let’s help you really find what you want to be’ and steer them in that way.”
In turn, this helps build overall culture and environment because people are operating together on the same levels that everyone else has been on. They’re moving from different roles, but they’re going through somewhat of the same processes as they work their way up.
With building these teams, Jordan started creating time for himself and letting the system manage itself. For example, he can take a few days off and know that his company is in good hands. Jordan doesn’t want to be working 16-hour days, so he builds his team to operate by itself. His team allows him to create balance in the workplace, but also, balance in his own personal life.