Every business follows an arc. 📈There is a predictable journey of a business that very much resembles the development of a human being. 👶There are different stages and problems and issues you can learn to anticipate before you get to the next stage. This preparation will give you the peace of mind and the ability to be hyper-strategic about accelerating our progress along the arc of our business.
The Arc of a Business
📌Years 1-2: A hot mess
📌Years 3-4: Focus on operations leading to results. You’ll start to see more predictable results
📌Years 5-6: Focus on optimization
📌Years 6+: - Scale, scale, scale
You must spend time working on your business, not just in your business. 🕒To achieve this, you must be a business owner rather than an operator.
👩💻Are you a business owner or are you a business operator?👩💻
The vast majority of business owners are operators. The business cannot run without them. They say things like, “my business is my baby!” They fall in love with the products and services they offer instead of what their clients need from them. They are limited by what they can personally do.
Business owners enjoy more freedom with their businesses. They love their clients enough to research the trends and challenges in their industries and adjust their offers to address their most pressing needs. A business owner leverages their own ideas and the abilities and strengths of their team. In time, their team can run the company without them. They’re hiring strategically to build the team that can support what they’ve built.
You can become financially free 💸when you have a business that can run without you!
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