{"id":1873,"date":"2010-10-07T08:45:07","date_gmt":"2010-10-07T12:45:07","guid":{"rendered":"https:\/\/www.thegrowthcoach.com\/cincinnati\/move-your-dot-for-greater-success-and-fulfillment"},"modified":"2022-07-11T11:33:13","modified_gmt":"2022-07-11T15:33:13","slug":"move-your-dot-for-greater-success-and-fulfillment","status":"publish","type":"post","link":"https:\/\/www.thegrowthcoach.com\/cincinnati\/move-your-dot-for-greater-success-and-fulfillment","title":{"rendered":"Move Your Dot for Greater Success and\u00a0Fulfillment"},"content":{"rendered":"
Ever notice on the back of\u00a0a hotel door,\u00a0there is a floor diagram with a\u00a0red dot that signifies “you are here.”<\/strong> It’s there to show you your room in\u00a0relation to the fire exits.\u00a0 In short, it’s your exit strategy and life-saver plan<\/strong>.\u00a0 As a business coach<\/a>, that “red dot” got me thinking about the situation\u00a0most small business owners<\/a> find themselves in.\u00a0 They don’t really know where they are in relation to their own exit strategy… selling the business.<\/p>\n As such,\u00a0let’s play the “red dot” game.\u00a0 Visualize a circle with a red dot in the middle.\u00a0 Most business owners are that red dot<\/strong> and the circle is their business.\u00a0 Sadly, most owners are\u00a0at the very center of their business, no where near a profitable exit strategy (door.) <\/strong> As the owner (dot), they are at the center of every transaction, every decision, and every problem of that business.\u00a0 Everything depends on the owner.\u00a0\u00a0Unfortunately, since everything depends on the owner, the business is not worth much to a buyer. <\/strong>In that situation,\u00a0there is no real, self-sustaining and self-sufficient\u00a0business. The owner IS the business.<\/strong> As such, who in their right mind would ever want to buy such a company that is so dependent on one critical person? Who would want to buy your crazy job as a Chief Everything Officer?\u00a0 Very few would buy such a business.\u00a0 Or, if someone does buy it,\u00a0odds are they will\u00a0not pay much for it.<\/p>\n As a business owner, to achieve greater fulfillment and wealth, you must gradually move your dot away from the center of\u00a0your business and closer to the eventual exit door … a profitable sale of your business. <\/strong> To achieve this, ultimately you do NOT want to be the most important person in the business.\u00a0 In fact, you want just the opposite … to be the least important person to the daily operations of your business.\u00a0 You want a business that can operate profitably and consistently without you.\u00a0 A business that works well\u00a0whether you are there or not. <\/strong> Whether you take a nice vacation or not.\u00a0 Whether you are sick or not.\u00a0 You want to own the business and provide leadership (vision, direction & accountability) but again, be one of the least important people to the day-to-day, tactical, operational dealings and details of the business<\/strong>. \u00a0Put simply, you want to provide more\u00a0“brain equity”, less “sweat equity.”<\/p>\n The Growth\u00a0Coach<\/a> provides small business owners with the structure, discipline, and proven business coaching process<\/a> to make this wealth-building transition happen<\/strong> … to move you (the dot) from being the Chief Everything Officer and owning a job to the Chief Executive Officer owning a real business.<\/p>\n The farther you get away from the center of the business and closer to the outer edge of the circle (if not completely outside of the circle), the greater the value of\u00a0your business. If you move from the center, the business is less dependent on you and more dependent on the systems and procedures you put in place. <\/strong> Additionally, until you sell the business for a fortune, it will be so much more enjoyable to run when you are no longer at the center of everything.\u00a0 Start moving your dot away from the center and grow the value of your business!<\/strong><\/p>\n In summary, unlike the back of a hotel door, most business owners do not know where they are in relation to a successful exit strategy … selling the business.\u00a0\u00a0They are working too much “in” the details of the business, too much in the center of the business, and not nearly enough working \u201con\u201d the business.\u00a0 Business owners (red dots)\u00a0do not know where they are\u00a0or how to move efficiently and effectively toward the exit door\u00a0(selling their business).<\/p>\n Business coaching will provide you with the exit strategy and life-saver plan.<\/strong> An objective business coach will help you move\u00a0toward the outer edges of the business.\u00a0 With an effective business coaching process, a coach\u00a0can help you to define where you are, where you want to go, and even help you\u00a0map out a\u00a0plan to get there <\/strong>…\u00a0as well as\u00a0provide on-going accountability so you make adjustments along the way and stay on track.<\/p>\n Watch this video on “Selling Your Business for a Premium”<\/strong><\/em> ARVE<\/abbr> Error:<\/strong> id and provider shortcodes attributes are mandatory for old shortcodes. It is recommended to switch to new shortcodes that need only url<\/p><\/p>\n Certified business coaches with The Growth Coach can help you achieve this life altering “red dot” transformation. Click here to\u00a0find a business coach near you.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Ever notice on the back of\u00a0a hotel door,\u00a0there is a floor diagram with a\u00a0red dot that signifies “you are here.” It’s there to show you your room in\u00a0relation to the fire exits.\u00a0 In short, it’s your exit strategy and life-saver plan.\u00a0 As a business coach, that “red dot” got me thinking about the situation\u00a0most small […]<\/p>\n","protected":false},"author":4,"featured_media":142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\n
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