Here’s how you can build a business that works with you…

Juliet Kyes, a business coach and partner of ActionCOACH Tampa Bay, shows you in this video the 6 steps to creating a real business defined as a commercial, profitable, saleable enterprise that works without you, the owner. There are 6 steps every business goes through – usually many at one time – in order to finally achieve the final step of Results. Step one is called Mastery and the name suits it well because it is all about mastering the most important basics – the seemingly simple things that when missed can lose the game – these include time mastery, financial mastery, destination mastery, and delivery mastery.

The second step is all about eliminating price competition by creating a clear unique selling proposition – the fact is without a clear reason to buy from you over your competitor it will always be about price. The third step is Leverage because when you have the marketing machine kicking you start really feeling the need for efficiency, delegation, doing it right the first time around, and making things easier – if you don’t write it down, you are destined to do it again. The fourth step is Team and this step includes learning about how to build a team from recruitment, to leadership, to accountability, to management, to engagement, all things involved in building a high performing team that will allow you as the owner to build a business that works without you being there day in and day out. The fifth step is called Synergy because it’s the point at which everything starts working together – you can feel the oil in the machine making fast work from what used to seem hard.

Now it’s about learning how to step out and put in structures and management to keep the business oiled long-term. The final phase of results is all about just that – what to do next? Imagine not being a slave to your business… what would you do? Invest in other businesses, franchise your concept, expand your company through mergers and acquisitions, create your exit plan for retirement, go on a trip around the world, learn how to invest in stocks…. This step is about exploring all of those and more!