In 1776 Adam Smith, the father of modern economics, made a discovery that revolutionized the business world.
Here’s the idea: A single person focused on a single task is far better than one person doing multiple tasks.
Now common sense—but that’s just a testimony to Smith’s genius in finding and applying this principle. Using this principle, Smith was able to set up systems in which young, unskilled boys could greatly out-produce skilled artisans—blacksmiths, shoemakers, tailors. Which completely changed the way work was done in the world.
And the principle applies today more than it ever did; especially for small business owners. Consider the following tasks that small businesses have to deal with every day:
• Customer service
• Financial tasks
• Administrative duties
• Managing vendors
• Creating website content
• Managing sales
• IT and technical duties
All these things together threaten to make you—the small business owner—very inefficient. That is, unless you implement the division of labor.
John Chow’s the Ultimate Dot Com Lifestyle is a simple system that’s built on the wisdom of Adam Smith. John and his team handle all the nitty-gritty of business ownership. Which frees you up to focus on lead generation. Division of labor at its finest.
Want to harness the incredible power of Adam Smith’s discovery?