007 - 5 Reasons You Need To Work ON Your Business, Not Just IN It Scale To Sell podcast

007 - 5 Reasons You Need to Work ON Your Business, Not Just IN It

3M ago 22:53

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Summary: In this episode, Adam and Steve discuss the importance of working on your business, not just in it. They highlight five reasons why business owners need to take a step back and focus on strategic planning, delegation, and personal growth. These reasons include the inability to do it all, the need to manage risk, the importance of vision and goals, the development of leaders, and the need for personal margin to grow. By working on their businesses, entrepreneurs can achieve better profitability, scalability, and work-life balance. Chapters 00:00The Importance of Working on Your Business 09:11Managing Risk through Strategic Planning 13:50Vision and Goals: Guiding the Company's Direction Takeaways

Business owners need to work on their businesses, not just in them, in order to achieve better profitability, scalability, and work-life balance.
Delegation is crucial for business growth as it allows entrepreneurs to focus on income-producing activities and strategic planning.
Working on the business helps manage risk by ensuring that the company can continue to operate even if the owner is unavailable.
Having a clear vision and goals for the business is essential for strategic planning and long-term success.
Developing leaders within the team is important for growth and sustainability.
Personal growth and continuous learning are necessary for business owners to adapt to changes and drive innovation.

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21 episodes

Business owners need to work on their businesses, not just in them, in order to achieve better profitability, scalability, and work-life balance.
Delegation is crucial for business growth as it allows entrepreneurs to focus on income-producing activities and strategic planning.
Working on the business helps manage risk by ensuring that the company can continue to operate even if the owner is unavailable.
Having a clear vision and goals for the business is essential for strategic planning and long-term success.
Developing leaders within the team is important for growth and sustainability.
Personal growth and continuous learning are necessary for business owners to adapt to changes and drive innovation.