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)
QUOTES:
“When we create a business that can run without us, we’re able to work on the vision that will help us grow at a faster rate.” -Samantha Riley
“The key transition is for your business to stand without you.” -Tim Hyde
“As a business owner, you need to think about, ‘who do I put in at the right places at the right time to deliver me the outcome that I want for my business?’, and it doesn’t have to be you.” -Tim Hyde
“To be able to scale as fast as possible, you need to make sure that you’re always in your zone of genius.” -Samantha Riley
RESOURCES MENTIONED
Influence By Design: Episode 327 The Perfection Trap
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich
SHOW SPONSOR
This episode is sponsored by Your Podcast Concierge. Affordable podcast production for coaches and speakers who want to increase their authority and generate leads from their show. You press record, and let them do the rest.
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BOOK A BUSINESS ACCELERATOR CALL
If you’re a coach who wants to create consistent monthly recurring revenue and scale your business, book a quick 15-minute Accelerator Call.
We’ll work together to identify:
- Your current situation and immediate opportunities for growth
- Uncover the #1 thing holding you and your business back from scaling
- Develop a 3-step implementation plan
Click Here to book your no-charge Accelerator Call.
WHERE TO FIND TIM HYDE
- Website: https://winmoreclients.com.au/
- Facebook: Win More Clients
- LinkedIn: Tim Hyde
CONNECT WITH SAMANTHA RILEY
- Facebook: Samantha Riley
- Instagram: @thesamriley
- LinkedIn: Samantha Riley
- Twitter: @thesamriley
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