#17: The Formula For Building a Self-Managed Business - podcast episode cover

#17: The Formula For Building a Self-Managed Business

May 16, 20196 minTranscript available on Metacast
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Episode description

Building any business is HARD

For most business owners, it's not uncommon for them to have to wear multiple hats day in and day out to keep things moving along...

The problem with this is that eventually, you begin to hit a ceiling of diminishing returns - where spending more time, actually starts to hurt your growth.

Enter the need for building a "self-managed" business...which is just a fancy way for saying that your business can function without relying on you day in and day out.

After spending the past 12+ years building and growing "self-managed" teams and business - I began noticing a pattern at play..

It looked like the above formula, and the easiest way to describe it is by using the "viking ship" analogy...

When you can say that you have the right people in the right seats, doing the right things at the right time..WITHOUT needing you there to push the flywheel..

...THAT'S when you can say you've got a "Self-managed" business, and can then start to push the pedal to the metal.

If you'd like to learn how to get started making this transformation in your business, I've put together some free training over at http://bookwithtim.com