The Business Over Breakfast Podcast
Business
Have you ever asked yourself if your business could survive without you? Often, especially with small businesses, there is a major risk if anything ever happens to the owner, as they usually are the ones who wield the greatest influence, do more work than anyone else, drive the direction and generate the most revenue. To mitigate risk you should therefore seek to make yourself redundant so your business isn’t solely relying on your presence day in and day out. In this episode of Business over Breakfast, Bree James and Andrew Griffiths will tell you how you can properly safeguard your business and team. By taking the steps to remove dependence on you as the business owner, you will end up building a stronger business with greater chance for increased revenue and success.
Bree also chats with financial advisor, author of Finance Action Hero and speaker Peita Diamantidis. She talks about the impact of unexpected exits from a business, whether that be the owner or key team members, and what you should do to prepare for those situations. Additionally, Peita introduces the value of key man insurance and how that can support businesses cope with a loss of major players. If you want to know what steps can make the difference between your business surviving a disaster to it being sold for almost nothing, then this episode is for you!
We also discuss things like:
Understanding the concept of if your business would survive without you Top tips to make sure your business is safeguarded What plans business owners should have in place for worst case scenarios The idea of “me proofing” your business How outsourcing can be a win-win for owners and employees The 5-step rule of thumb for designing tasks Why you need to have a documented business plan The case for an excellent insurance plan if you are your business brand How you can increase your business value by making it less dependent on you A few brilliant business ideas from around the world!
Links
Finance Action Hero Book
Peita Diamantidis LinkedIn
Business over Breakfast Book
Smallville
CCIQ
Bree James LinkedIn
Andrew Griffiths Website
Amplify Website
Episode 65 - Could speaking to an audience be your businesses secret weapon to growth?
Episode 64 - Are you missing opportunities to sell more to your existing customers?
Episode 63- How prepared are you for the tough financial times that are bound to happen?
Episode 62- The need to recharge
Episode 61- The subscription economy
Episode 60 - The Hipster Apocalypse
Episode 59 - The growing need to run a transparent business.
Episode 58 - A retrospective reflection - the last 10 years
Episode 57 - A deep dive on a very unique company - Patagonia
Episode 56 - Welcome to the new world of customer service.
Episode 55 - How can we all have more fun in our business?
Episode 54 - What fears are holding you back in life and in business?
Episode 53- Mastering the art of saying NO - it’s not as easy as we think.
Episode 52 - The Very Real Challenge of Business Isolation and What we can do About it.
Episode 51- Understanding Energy in Your Business
Episode 50 – Tips from Small Business Owners to Make Yours Grow
Episode 49 – Getting Others Involved in Your Business - Think a Little More Creatively
Episode 48 – Can We Be More Creative When it Comes to Developing New Income Streams?
Epsiode 47 - Confidence and the Role It Plays in Doing Business
Episode 46 - It's Time to Put an End to Those Negative Business Relationships
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