If you had the chance to buy your own business today... would you?
In this episode, I share one of my favorite coaching exercises that helps business owners step out of the daily grind and see their business through a completely different lens.
Imagine you're buying your business from someone else. What would you notice? Would the financials give you confidence? Would the customer experience impress you? Would your employees, systems, inventory, and processes make you excited to invest?
This simple exercise helps you stop making excuses and start identifying opportunities. You'll learn how to evaluate your business objectively, uncover hidden weaknesses, and use your business numbers to make smarter decisions that lead to more profit.
Sometimes the biggest breakthrough comes from looking at your business with fresh eyes.
🔑 Key Takeaways
- Step out of the daily grind and evaluate your business objectively.
- Pretend you're buying your business and look for opportunities.
- Stop making excuses and focus on facts.
- Review your customer experience from start to finish.
- Evaluate your employees, systems, and processes.
- Your Profit & Loss tells the real story of your business.
- Small observations can lead to big improvements.
- Great business owners regularly work on their business, not just in it.
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DIVE IN DEEPER & LEARN MORE ABOUT YOUR NUMBERS
👉 Check Out the AFFORDABLE - Know Your Business Numbers Course http://KnowYourBusinessNumbersCourse.com
NEED A BOOKKEEPER?
👉 Check out BABO Bookkeeping. https://babobookkeeping.com Yep! We can help you do your bookkeeping so you can focus on growing your business!
CONTACT ME:
👉 Bookkeeping for Your Business: tammy@babobookkeeping.com
WATCH VIDEOS:
👉 Watch on the Youtube Channel - Plus EXTRA TRAININGS on there: https://www.youtube.com/@BadassBusinessOwners
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TOOLS TO HELP YOU RUN A BETTER BUSINESS
Recommended Bookkeeping:
👉 The #1 Tool You Need: Quickbooks Online - https://babolearning.com/quickbooks You must have a good, easy to use bookkeeping system. The #1 option for those needing invoicing & online payments
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Books I Recommend to Help You Take Your Business to the Next Level
👉 Profit First by Mike Michalowicz – https://amzn.to/3nBsCRC
👉 eMyth Revisited by Michael Gurber - https://amzn.to/3bMDTeR
👉 How to Grow Your Small Business: A 6-Step Plan to Help Your Business Take Off – Donald Miller - https://amzn.to/4bvCDX8
👉 Atomic Habits by James Clear - https://amzn.to/3kpXs1m
👉 Building a Storybrand by Donald Miller - https://amzn.to/3y5t0fS
👉 The ONE Thing by Gary Keller & Jay Papasan - https://amzn.to/3yciFi7
👉 The 12 Week Year - Brian Moran & Michael Lennington - https://amzn.to/3R54Smi
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👉 DISCLAIMER on Affiliate Links: I occasionally will have some affiliate links & I do earn a small commission but at no cost to you. I only recommend companies or items that I believe will save you time, money or help make your business better
👉 DISCLAIMER: I am not an attorney, CPA, insurance agent or financial advisor. My videos/podcast are for entertainment & educational purposes only and should not be construed as tax, legal, insurance or financial advice. Please seek out a qualified CPA, attorney, or specialist as needed. I'm sharing my experiences with my businesses and those I have worked for and/or helped coach.
