31 Oct 2019 “GET SACKED” – WHY YOUR BUSINESS IS BETTER OFF WITH YOU NOT THERE
As the owner, you’re the single biggest cause of your business’s success. But you’re also the biggest barrier holding it back from giving you the financial and lifestyle rewards you went into business for in the first place. Why the contradiction?
Too often our business relies on us. There’s only one reason for that: us. We think the business needs us to survive; that things couldn’t possibly run better without us there. It’s this thinking that traps you in the business.
But if we heed Stephen Covey’s advice in The 7 Habits of Highly Effective People, and start with the end in mind – the day we sell our business for a truckload of money – we start thinking a lot more strategically about our business, and our role in it.
A business which doesn’t rely on the owner is a lot more attractive – and valuable – to a potential buyer. So you should aim to remove yourself from the day-to-day operations of the business; to ‘sack yourself’. This will create room for others to step up and handle most of the ‘stuff’ that takes up so much of your time. It will also free you up to focus on what you’re best at (and what is most valuable to the business).
It was only when I let go, and gave my team members the tools, training and support to drive the business, that I truly became a business owner.
So who would you rather be? My mate Macca working 6 hours a week, or ‘Mr Indispensable’ who is trapped in the business?
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