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Greeting business owners!

Let me take you on a journey today – a journey where you, as a business owner, can break free from the chains of your desk and discover the magic of building a business that runs itself.

Picture this: You’re sitting behind your desk, feeling like you’re the glue that holds your business together. It’s a feeling many business owners can relate to: the belief that your business relies entirely on your constant presence. The sacrifices you make in terms of your time, health, and personal life can be overwhelming. But guess what? There’s another way: I’m here to challenge the status quo.

Owning the Business vs. Running the Business:

Have you ever heard the wise words of Guy Kawasaki? He said, “Entrepreneurs who don’t understand this will fail. They won’t be able to stop working ‘in’ their business, and they will never be able to build a business you can sell someday.” These words hit home when one of my clients expressed their fear of being forever chained to their desk because they were essentially the business.

But here’s the thing – there’s a big difference between being the business and running the business. Think about it. An employee owns their job, but a business owner is an investor. Imagine if you were in the market to buy your own company today. What would you be looking for? As the owner, your role should be strategic decision-making, growth initiatives, and ensuring the company’s vision comes to life. When you empower your team to take ownership of their roles and responsibilities, you create an environment where the business can thrive independently.

The Increased Market Value of a Self-Managing Business:

Now, let your imagination run wild for a moment. Consider how appealing a fully functioning, self-managing business would be to potential buyers. They’d be willing to pay a premium to enter a business requiring minimal intervention and consistently delivering results. By building a business that runs itself, you’re increasing its market value and providing job security to your employees. When your team knows what to do and can operate effectively without constant supervision, their confidence skyrockets, and their positions become indispensable.

The Benefits for Your Team and for You:

Your team is like the lifeblood of your business, right? But here’s the kicker – they’re more than just task executors. When you pay your employees, you’re not just compensating them for their time but investing in their ability to free you up. You create a supportive ecosystem by matching the right people with the right jobs and giving them the power to take ownership. As a business owner, this allows you to focus on the big-picture stuff. You’ll be all about high-level strategic endeavors, improving operational efficiency, and gaining the freedom to pursue personal and professional growth.

Three Practical Actions to Get You Started:

  1. Delegate and Empower: Identify tasks that can be delegated to capable team members and empower them with decision-making authority. Trust their expertise and give them the autonomy to execute their responsibilities.
  2. Develop Systems and Processes: Create standardized systems and processes that clearly define roles, responsibilities, and workflows. Document best practices and provide training to ensure everyone understands and follows these guidelines.
  3. Foster a Culture of Ownership: Encourage your team to take ownership of their work by providing them with opportunities for growth and recognition. Foster an environment that values innovation and continuous improvement.

 

Building a self-running business isn’t a pipe dream; it’s a strategic approach that can unlock your company’s full potential. It’s all about shifting from being the business to running it. This shift can increase your business’s market value, provide job security for your team, and, most importantly, give you back your freedom.

So, here’s your call to action: Take the first step today. Experiment with these practical actions over the next week and observe their positive impact on your business. And if you ever need more personalized guidance, guess what? We’re just a call away. It’s time to break free from that desk and reclaim your business.