393: The Business Owner Dependency Trap (And How to Escape It)

Is your business completely dependent on you? If you take a vacation, will everything fall apart? If so, you are in the Business Owner Dependency Trap, and today’s episode reveals how to get out of it, change everything, and take your life back from your business. Business owners can escape survival mode by identifying the sweet spot of their business—the point at which profitability, freedom, and sustainability finally align. We have proven that working with fewer clients often increases profit, letting go of the wrong work creates growth, and systems (not hustle) create freedom. Melissa Kay and Dr. Sabrina Starling will teach you about the Business Owner Dependency Trap and help you build systems that enable your business to run without you. The truth is that working less and serving fewer clients often leads to greater profitability and sustainable growth. Join us to learn how to change everything and take your life back from your business!

Profit by Design is a Tap the Potential production.

Show Highlights:

1. “Work less with fewer clients to increase your profitability!”
2. The beautiful facts about what our clients are achieving in the Better Business Better Life program: 95% achieve more time off and more money in their bank account in the first 12 months!
3. Identifying the sweet spot of your business is essential.
4. One recent client more than quadrupled their profit in 12 months by identifying the sweet spot of their business.
5. Melissa explains the process for identifying the sweet spot of your business and building systems to support you.
6. Spending marketing dollars without a clearly defined sweet spot is “throwing spaghetti at the wall.”
7. Determine who your ideal clients are.
8. Melissa shares an example of a recent client call and how they worked together to reduce her work week to 15 hours!
9. Sign up for the Better Business Better Life Jumpstart today!

Resources:

Join our Jumpstart beginning April 7th! We will walk you through the step-by-step process to:

1. Free up 10 hours per week.
2. Pay yourself an additional $50K this year.
3. Take an extra week of vacation.

Enroll now for Leadership Bootcamp! The next session begins in April.

Take our Better Business Better Life Assessment to determine your level of burnout and receive a complimentary call with the next steps you need to take in your business to support your life. Click here!

Mentioned in this episode:

Jumpstart Your Business - Jumpstart Your Life!

You’ve built a successful business—but it’s still running you. Join us to reclaim 10 hours a week and finally step into your role as the owner—register now. We get started April : http://tapthepotential.com/jumpstart