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8 ways to know if you are an Employee inside Your Own Business!

The sad truth is when I discover a business owner living the employee life, and I ask: “Didn’t you start your own company, so you have more freedom?”

There is a trap, few entrepreneurs know how to avoid it when they plan their business.

Many people have read the 7 Habits Of Highly Effective People, even some of the business owners I work with, yet they don’t pass the ultimate test which is a simple question: “would someone want to buy your company?”

Managing business by Leap To Success

Habit 2: Begin with the end in mind.

Yes, you need to plan your exit while you are starting your business. 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.

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

  • A job requires that you show up at work to make money, whereas a company generates revenue whether you are there or not.
  • 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.
  • 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).
  • 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.
  • 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.
  • In a job, the harder you work, the more money you earn. In a company, the smarter you work, the more money you earn.
  • In a job, you solve the problems. If you own a company, your employees solve the problems.
  • If the majority of your customers know your mobile phone number, it’s likely you have a job, not a company.

If you’re not sure whether you have a job or own a business, it’s time to get in contact. Whether you want to sell now or in a decade, our assessment allows you to see your business as a buyer would see it, and to identify how you perform on each of the key drivers of company value. The questionnaire takes about 13 minutes to complete, and after you’re finished you’ll get a customized 27-page report outlining how you performed and where you could improve the value and sellability of your company. To get your score now, Email us at info@l2s.net.

Andre Abi Awad
Skill Builder

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