Whether you just started your business, or you have been in business for a long time, the time to think about your future is now. In the last 14 years, we have endured the Great Recession and a global pandemic. In both cases, these thoughts occurred: What if I lose my business? Can I weather the storm? Can my staff and crew make it until this is “over”? Will this set back my plans of early retirement? As business owners, we will never be worriless. With the right mindset and plan in place, we can all worry less. Here are some thoughts that could set you on your way.
Build your business to operate without you. This must be done so you can one day exit your business. You need to think in terms of your business as an asset and not your baby. A few things I have done personally to create more freedom and less dependence on me: