These are some of the common storms that hit all of us as humans and business owners. They can be devastating and almost overwhelming, especially to the business. If your business is not set up properly or if you do not have fall back systems and processes, one of these storms can literally be the death knell for your business.
There are solutions. Listen to the podcast and Molly's story of how her family experienced storms and from that she birthed a business that guides you in how to prepare. She advises us in several ways. We have to prepare for an exit long before we are even considering an exit. We can invest differently and spread our risk so that less of our wealth is tied up in the business. She discusses the four pillars of the dynasty we must build. I suggest you take Molly up on her offer and go here to learn more. She has some great resources for you that will guide you in starting the process for storm preparation.
90% of wealth is tied up in the business - Molly Grubb
We speak about the idea of stress testing your business with business owners all of the time. Molly also mentions this as a great way to see if it can survive if a storm derails you for a period of time. If you haven't taken off from your business to see where the cracks are in the foundation, I suggest you do that. Not only will you find out how dependent the business is on you, it will also become evident how systematized the business really is. Your business should never be dependent on you. It should exist to serve you, not you existing to serve it.
If you are currently going through a storm, get help now. If this podcast resonated with you and you want to prepare, there is no better time than the present. Molly and her team are there to help. She can be reached at www.GrubbWealth/freedom.com.
If you want to systematize your business and get process in place so it can run without you, we are there to help. Reach out to us directly via email at [email protected] or our website at www.BusinessOwnerFreedom.com.
Enjoy the Journey!
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