Is your business a lifetime commitment — or a way out? Today we explore the difference between “lifestyle” businesses and businesses designed for (eventual) sale.
Which one are you building?
Thing is, you need to answer that question, like yesterday. Because the way you build and run your business will differ wildly depending on what your endgame is.
“Lifestyle” businesses are all yours. You’re going to do it for as long as possible, maybe for the rest of your working life. Because of that, you don’t have to do anything with an eventual sale (or the eventual buyers) in mind.
But if you’re dreaming of a nice exit, you need to make sure your business is something you can market. That means everything from ensuring there’s more room to grow, to making sure the branding, processes, and systems don’t depend too much on…well, you.
Are you building a business to have money, or a job you love? All things come to an end, and it’s never too soon to start thinking about how your time with your business wraps up. Click Play!
SUBSCRIBE ON APPLE PODCASTS
Stitcher | SoundCloud | Podcast Feed | How To Subscribe
Give us a Rating & Review
Today’s Sponsors Mission ControlWhat if there was an online business coaching program that focused strictly on what you need to do, and held you accountable, and that’s it? No fluff, no busywork, just personal guidance from an experienced entrepreneur. That’s Mission Control, Omar Zenhom’s exclusive new coaching program. Mission Control is a 52-week program where Omar personally guides you to the business outcomes you’re looking for — with no detours or side alleys along the way. Learn more at 100mba.net/mc
Recommended Tools WebinarNinjaShare what you know, and grow your business — the easy way. WebinarNinja lets you teach, market, and sell with the user-friendliest webinar software ever created. With built-in features like automated emails, an easy landing page builder, and more, it’s never been easier to connect with your audience. Best of all, WebinarNinja comes with a FREE 14-day trial so you can see if it’s a good fit for you, risk free. Head to webinarninja.com and use promo code MBA for 15% off your first month or year.
Show LinksThe 30-Day Automated Webinar Challenge
The post MBA2247 Should You Build a Business to Sell or a Lifestyle Business? + Free Ride Friday appeared first on The $100 MBA.
MBA2348 How To Easily Leverage AI to Grow Your Business + Free Ride Friday
MBA2347 Q&A Wednesday: How do I get better at holding my team accountable?
MBA2346 Must Read: Stumbling on Happiness by Daniel Gilbert
MBA2345 5 Mistakes to Avoid When Starting a Business in 2023 + Free Ride Friday
MBA2344 Q&A Wednesday: What’s the best way to train new leaders in my business?
MBA2343 Extended Guest Teacher Lesson: Ashley Gordon – How to create transformational coaching programs
MBA2342 How to Create Your Content Marketing Strategy in 2023 + Free Ride Friday
MBA2341 Q&A Wednesday: How much time do I need to promote my webinar?
MBA2340 Must Read: The Art of Profitability by Adrian Slywotzky
MBA2339 Should You Hire Through an Agency? + Free Ride Friday
MBA2338 Q&A Wednesday: I am about to give up. I’m working hard with no results. Can you help?
MBA2337 Must Read: The Ultimate Sales Letter by Dan Kennedy
MBA2336 How To Sell Subscriptions in Any Business in 2023 + Free Ride Friday
MBA2335 Q&A Wednesday: Should I join a co-working space or work out of a cafe?
MBA2334 Must Read: Linchpin by Seth Godin
MBA2333 Why You Should Live Like Nothing Is Guaranteed + Free Ride Friday
MBA2332 Q&A Wednesday: I need a break but I can’t afford one. What do I do?
MBA2331 Must Read: How To Get Rich by Felix Dennis
MBA2330 The Fastest Way For a Beginner To Be Successful in Business + Free Ride Friday
MBA2329 Q&A Wednesday: How do I choose which side hustle to go all in on?
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Reaching your Goals
Insights@work
The Cardone Zone
The Wall Street Skinny
The Ken Coleman Show