Business
Sadly, many entrepreneurs become a slave to their business. They try to do everything themselves and end up working a horrendous number of hours. Inevitably, they start neglecting their health and family. Worse, they still struggle to grow. In the end, they burn out and have to sell their business for a fraction of what it is worth. But it does not have to be that way. In this podcast, Richard Walsh shares with Gavin details of how to hire the right people so you can delegate 95% of the work. Doing so while still growing your business in a way that enables you to make a monstrous profit when you do want to sell up and exit on your terms. KEY TAKEAWAYS Most entrepreneurs do not prepare to exit their businesses. Often, they end up selling it, in a rush, for virtually nothing. You may not plan to ever leave your business, but life can force you to do so anyway. Every business decision you make should include asking yourself how does this affect my exit strategy? If you are already running a business, pause, and take the time to put together an exit plan. Be balanced when building your business. Make time for you and your family so you don´t burn out. Explain your business plan to your family, so they will be supportive during those times when you are stretched. Put in place a team that can run your business without you. Create processes that enable anyone to fulfil any role to build robustness. Create a mini-you who can step up to do most of your work and give yourself time freedom. BEST MOMENTS ' Every decision needs to be filtered through the question - does it get me closer to my exit?' 'You´ve got to build a team.' 'We stayed lean we stayed mean, we got super-efficient, we had the right equipment and we automated ourselves to complete jobs quicker.' VALUABLE RESOURCES The Business Mastermind Podcast To get 20% off at Knowable, go to www.knowable.fyi and enter the code GAVIN Get your copy of Survive And Thrive NOW at https://www.surviveandthrive.cc Keep Your Boat Afloat - https://www.survivetothrive.biz/keep-afloat gavin@gavinpreston.com GUEST RESOURCES Escape the Owner Prison by Richard Walsh ABOUT THE HOST Gavin Preston Gavin is an inspirational Speaker, Business Strategist, Business Growth Mentor, Trainer, and high-performance Coach. He works with Business Owners and Entrepreneurs and has a strong track record in creating creative strategies to accelerate the growth of their business. He has helped hundreds of SME business owners and leaders improve their performance and that of their business and a comparable number of executives and employees in blue-chip corporates over the last 20 years. Gavin’s energetic, insightful, and yet down to earth and practical talks, workshops, and coaching is in demand with high growth business between £250,000 and £30 million revenue and with multi-national organisations at all levels from Board to frontline Managers. He is an expert in Business Growth Strategies, Peak Performance Mindset, Persuasion & Engagement, Marketing, Productivity, Leadership Development, Team Development & Motivation, Leading Change, Stakeholder Management, Personal Effectiveness, and Behavioural Change. CONTACT METHOD Gavin Preston Website Gavin Preston LinkedIn Gavin Preston YouTube Gavin Preston Facebook Gavin Preston Twitter See omnystudio.com/listener for privacy information.