Skip to main content

Avoid The Business Trap & Business Burnout

My definition of a successful business is a commercial profitable enterprise that can work without you.

What I have seen over the many years of working with business owners just like you is that experiencing significant growth in our business can be both a tremendous blessing and a horrible curse. 

If we've not set our business up properly to scale up, we've actually created unseen bottlenecks that slow a business down. We, the business owner, end up being the one that takes on that additional burden.

We quickly find ourselves working 70, 80, and sometimes 90+ hours a week, trying to juggle all the balls of that incremental business.  Ultimately, not being able to keep all the balls in the air and now when they drop, customer service suffers.

Over time we start to lose customers because they're not getting the service that they are accustomed to and expect. This makes us work harder having to deal with customer service issues and now we have to spend more time selling to make up for the customers we lost. Eventually, this leads to owner burnout.

Burnout is the number one reason that businesses eventually fail.  The business owner is just tired of dealing with the same problems day in and day out.  As soon as you put out one fire another pops up and another. 

I'm here to tell you that there's hope!  The good news is that there is a solution, we can be proactive and set up systems that allow the organization to run more efficiently and effectively, and be able to scale with the increasing demands as the business grows. 

You see as the business grows, the systems and processes you have in place need to be upgraded to leverage more.  This includes systems to attract and retain exceptional employees who are willing to take on more and grow and develop within our organization.

Therefore we can take the responsibilities off of our plate and put them on theirs, thus freeing us up to be a true CEO, the captain of the ship.  The Captain of the ship is not in the engine room making the ship go, they are on the bridge, charting the course, looking for potential obstacles, and leading the crew.  You can't lead when you're down below and see what's going on.

Now we're running a business that is able to work without us. Then our focus becomes strategic, focusing on the direction of the organization and taking care of the team. When we take care of the team, the team takes care of the rest of the organization. That's a key point to remember.  You don't build your business your team does.

So if this is something that you're interested in learning more about, schedule a free strategy session with me and we'll take a closer look at how to apply this strategy in your business and you'll discover the power of coaching.

Learn how a business coach can help you to avoid the business trap and build a more valuable business that can work without you.
Labels:
Location: Jacksonville, FL, USA

Comments

Post a Comment

Popular posts from this blog

6 Keys To Improve Your Marketing Success

What is the true test of marketing success? I call it testing and measuring. Most people hate it that’s because there’s a chance, however remote, that every marketing strategy that you're going to try will not work the first time you try it. In other words, it's possible that you could be spending money without seeing any returns, and that sucks. No one wants that. But consider this: you’ve probably been testing and measuring all your business life. Remember that old newspaper ad that you tried and it didn't work or radio spots, maybe, that did okay, and you weren't even sure if they worked or not. Well, that's what testing is. Testing what works and what doesn't. The next step is really to do it properly; to do it with the proper intention. In this business tip, you will learn 6 steps on how to successfully determine what works and what doesn't. Start by asking people where they heard about you. Start right now. Do it immediately! If there's one thing t...
Post a Comment
Read more

Attract the Best People to Your Business

  I’m going to let you in on a secret, if you want to build a business that works without you, well you can’t.  You probably weren’t expecting me to say that.  This will take a shift in mindset.  You don’t build your business your team does. Now you’re probably thinking, "yea right, I can’t get them to show up on time.  Do you really expect them to grow my business?"  The answer is, well, yes and no. To have a great business you’ll need to hire great people.  I know you’re thinking, "Hey, I can’t find people to even show up to the interview."  This is going to take another mind shift because most businesses do recruitment all wrong. Recruitment is not about hiring great people; it’s about attracting great people.  Now if you looked at your business from an outside perspective, would the best in your industry want to work for you?  Interesting question, isn’t it? Recruitment is not about hiring it’s about marketing.  You need to crea...
Post a Comment
Read more

Circle of Success

  I'd like to share with you the Circle of Success for Entrepreneurs and Business Owners because you see, at the top of the circle in the diagram is YOU - the business owner, the business leader. You know, when we got into the business we were so excited. We started building up our business and we were selling and we were talking to more people and we were just doing and we were doing and we were doing and doing it… And we just got exhausted, we ran out of time. So what do we have to do? We have to go back and restart hiring employees to pick up the slack and to cover all the things that we just couldn't get to. We were just spending all of our time now in the business. We were dealing with our customers. We are trying to work with our team. We were trying to get them to do things right the first time, trying to get them to be problem solvers without having  to come and ask us about every little thing. What was really happening in our business is one really simple word to desc...
Post a Comment
Read more