Do you have a job or own a business?

8 ways to know if you have a job or own a business

The ultimate test of your business can be found in a simple question: would someone want to buy your company?

Whether you want to sell next year or a decade from now, you must be building an asset someone would buy – otherwise, you have a job, not a business.

Here are eight ways to ensure you are building a company, not just doing a job:

  1. A job requires that you show up at work to make money, whereas a company generates revenue whether you are there or not.
  1. If your company is so reliant on a single customer that they can dictate how you deliver your product or service, your company is more like a job than a valuable business.
  1. A job is a place where your personal reputation impacts your results, whereas a company is a place where the brand is more important than the personality of the founder(s).
  1. A job requires you to use your personal experience and expertise to get a result, whereas a company is a place where a process – not a person – consistently produces a desirable result.
  1. In a job, you get fired for taking too much vacation, whereas if you own a company, the more vacation you can take without impacting your company’s performance, the more valuable your business will be.
  1. In a job, the harder you work, the more money you earn. In a company, the smarter you work, the more money you earn.
  1. In a job, you solve the problems. If you own a company, your employees solve the problems.
  1. If the majority of your customers know your mobile phone number, it’s likely you have a job, not a company.

If you’re ready to make the move from having a job to owning your company, I can help. Book 15 minutes on my calendar to chat about how.

Want to grow your business without adding MORE to your plate?

Join us on June 3rd and start building your team.

What you'll learn in this fast-paced 30-minute presentation:

  • Why you need to shift your mindset from solopreneur to business owner (even if you don't want to hire any staff)
  • What a VA (virtual assistant) REALLY does (it might not be what you think!)
  • How to find the right support people and delegate effectively

This will be a content-filled, no-fluff presentation.