Grow a business that can run without you – Part 1

What is the next hardest thing a business owner learns to do after figuring out how to be profitable? Learning how to replace themselves. Business owners generally fill many different roles in their company, and often, no single role merits hiring a full-time (or even part-time) person. If you want to grow a business that can run without you, you will need to learn how to replace yourself. You are probably doing ten things at ten percent and getting ten percent results – not one hundred percent. The key to replacing yourself is to right-size your business so every daily job task you do can is handled by a team of people who can focus one hundred percent of their time on getting one hundred percent results. Business owners generally work longer hours than their team and subsidize the cost of running it with their sweat equity. By forcing yourself to pay people to do your daily tasks, you will have to get your business top line to a place where your margins can remain in place with the additional costs. Don’t get stuck in your comfort zone. Expand your business results so you can afford to hand off daily responsibilities without sacrificing your bottom line.

Read more

👉 Cash Flow Quadrant for Business Owners

Want to chat? Book a time 👉 http://bit.ly/2rdDto2

Follow Dylan on Twitter:

@dylangallagher

Connect with dylan on LinkedIn at:

https://www.linkedin.com/in/gallagherdylan

Grow a business that can run without you – Part 1

Listen to this podcast episode on any of these platforms:

Listen to Dylan Gallagher's podcast on iTunes
Listen to Dylan Gallagher's podcast on Spotify
Listen to Dylan Gallagher's podcast on PodBean

Watch the livestream:

Other updates:

Heavy Duty Truck Repair
Website and business review Part 1 – Free https://youtu.be/vt0MmJST6dc Part 2 – …
Home Renovation Company
Website and business review Part 1 – Free https://youtu.be/VLuolD4PBm4 Part 2 – …
Why should employees be shareholders in your business?
When does it make sense to have employees become shareholders in your …
Some thoughts on buying out a business partner
If you are in business with a partner, the day may come …
How to get 100% out of your business
Doing ten things at 10% does not equal 100% – it equals …
Grow a business that can run without you – Part 3
The most rewarding part of growing a business that can run without …

Click here to subscribe to dylan’s blog

Leave a Reply