One of the perks of being a business owner is living the kind of lifestyle you’ve always wanted. However, for many people there are instances when the business becomes too much to handle and work-life balance can feel out of reach. Today we’re going to talk about how to create a business that can run without you.
In this episode, Samantha and Tim share how they run their businesses without dealing with the smaller details and micromanaging staff. The biggest lesson they have learned is to have excellent systems and procedures in place.
Entrepreneurs with the freedom to have a business that can completely run without them, are the ones who have executed solid planning for their company. They understand the importance of building a team, and integrating time-saving technology to create a well-oiled machine.
If you’re a business owner yearning to take a break, but afraid that your business will collapse without you, this episode is for you.
In this episode you’ll discover:
- It’s the business owners’ privilege to have choice (02:57)
- The importance of having goals when running a business (03:32)
- The Cashflow Quadrant (05:11)
- Walking away from the business - what it means and what it doesn't (09:33)
- The ‘on vs in’ mentality when managing your business (12:40)
- What does having great systems and procedures really mean? (13:30)
- Why business owners don’t need to create the systems themselves (17:50)
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