Lots of successful business owners will tell you how they built their business at the expense of their mental and physical health, marriage, relationships, financial wellbeing and spiritual wellness.
Or you may have heard the ones about how the owner worked themselves to death - never getting to enjoy vacation, retirement or other fruits of their labor.
I don’t know about you, but that’s not what I signed up for.
That’s why I recently did an episode of the #BOLDBusinessPodcast with host, Jess Dewell, Managing Partner at Red Direction, and Quentin Ortega, Founder and Lead Consultant at QCO Consulting to discuss what to do when you can’t work any harder.
It really starts with making choices - deciding what you really want and what you’re not willing to sacrifice along the way.
By prioritizing, you get to focus on being consistent (way more important than discipline) in how you use and manage your energy to understand and focus on doing the things that create the most value for you and your business so the right people are doing the right work at the right time to achieve shared (read: clear and understood) outcomes.
A business exit strategy starts long before you’re ready to sell because the things that reduce your work load, increase your freedom, and improve profitability are also the things that build value for buyers.
Often at the top of a buyer’s list - can the business operate profitably and continue to grow without the owner?
You heard me, they they don’t want to buy from an owner who has to put in 60 hours a week and never takes a vacation.
They want to buy a business that has standard operating procedures, professional management, sustainable recurring revenue and low customer concentration from a business owner who designed their business to live beyond them.
Building a sellable business takes forethought and intention. It requires you to prioritize so you can work smarter, not harder. It requires a team that understand your priorities and consistently focuses on doing the things required to get the best results.
Let us help you build it.
Purpose First Advisors specializes in helping business owners level-up their approach to business growth and profitability. Let us help you build, grow and exit your business on purpose, with purpose.
