Time and financial freedom

Why are you a business owner?

 

Why did you decide to go into business?

  • Financial freedom?
  • Time freedom?
  • A bit both?

I expect it will be one or both of the above reasons, but unfortunately the reality is often that you get so absorbed in the day to day that you don’t have time to do the business owner work and lose sight of the reason for going into business in the first place.

In the video below I discuss the challenges you may face as a business owner and how I can help you move your business into a position where it gives you the lifestyle and financial freedom you set out to achieve.

Business owner work

Your job as the business owner is to do business owner work, but the challenge is, so many business owners get stuck in the day to day and lose sight of the fact that their business is an opportunity to give them the life that they want.

As the business owner, your goal is to build a great business, not to answer emails or deal with suppliers. Yes, of course you might need to get involved in some of the day to day, but if that is 80% of your week, then your business isn’t working the way it needs to.

Now I don’t have any magic wands and I’m not saying that any of this stuff is easy, but it is fairly straightforward.

How to remove yourself from the day-to-day

Get a proper team in place, understand how to manage your team effectively, make sure that your business model is working the way it should in terms of cash and profit and make sure that you have proper plans in place and an understanding of what your goals are. At least 70% of your job should be focused on those things, not on the day to day.

Why are you in business?

I think that most business owners want their business to be a vehicle for wealth and financial independence and to achieve this might require a change in in your thinking and approach and you might need to learn some new skills.

If you’ve got a good business that you know has potential and you are conscientious and committed and I would love to have a conversation with you about how I can help you move your business into a position where it gives you the lifestyle and the financial freedom that you want.

If you’re ready to understand how you can be a better business owner then please get in touch. 

Learn more about Business Coaching by watching the videos below.
What is business coaching?
How does business coaching actually work?