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 25 - Someone Has to Be the Most Expensive So It Might as Well Be You
Episode 24 - How to Effectively Marketing Your Business in a Modern World
Episode 23 - A Professional’s Guide to the Perfect PR
Episode 22 - 20 Tips to Get Serious with Networking
Episode 21 - Banish Limiting Beliefs to Break through to Your next Level of Success
Episode 20 - What Questions Should You Be Asking to Improve Your Business?
Episode 19 - Take Back Control of Your Own Business
Episode 18 - How Can I Create a Happy Workplace Environment?
Episode 17 - The Keys to Successfully Launch Any New Product or Service
Episode 16 - Finding the Right Advisors for Your Business
Episode 15 - What to Do in Business When You Hit a Financial Pothole
Episode 14 - Everything You Need to Know About Building Partnerships in Small Business
Episode 13 - Making Technology Work for You
Episode 12 - Resilience and the Role It Plays for Business Owners
SPECIAL EPISODE - Michael Gerber on How to Design, Build and Launch Your Business So That It Grows Exponentially
Episode 11 - How to Diversify Your Business
Episode 10 - The Good, the Bad and the Ugly of the Online World
Episode 9 - Using Old-School Marketing to Get an Edge on Your Competition
Episode 8 - The Changing World of Customer Service and How We’re Moving from Transactions to Experiences
Episode 7 - Steps to Increasing Your Sales in Business
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