As a business owner, you want to build a thriving company that generates income and grows, even when you’re not there. Unfortunately, many business owners discover that their company is actually just a job in disguise. Instead of having a business that operates independently, they find that their revenue stops coming in if they’re not there for a week or a month. In this article, we’ll talk about the signs that you have a job in disguise, and what you can do to turn it into a real business.
Signs of a Job in Disguise
The Business Stops When You Stop: If your business stops operating when you’re not there, it’s a clear indication that you’re not running a real business. If your business is solely reliant on your own personal efforts, then it’s not a business at all – it’s a job. When you’re on vacation or take a day off, your business should still be generating revenue and running smoothly. If it’s not, it’s time to make some changes.
You’re Involved in Every Task: As a business owner, you should not be involved in every single task within your company. If you’re doing everything from customer service to accounting, you’re not delegating and freeing yourself up to focus on the bigger picture. This is a sign that your business is just a job and not a thriving company.
No Documented Processes: If you don’t have any documented procedures, it’s likely that you’re not running a real business. Businesses need to have clear, written processes for all tasks, so that if an employee leaves, another employee can step in and take over without disrupting the business.
Solving the Problem
Hire More People: The first step to breaking free from job dependence is to hire more people. Hiring employees will help you delegate tasks and free up your time to focus on the bigger picture. Make sure you have a hiring process in place and consider using a recruitment agency to help you find the right people.
Document Your Company Procedures: Writing down your company procedures is a critical step in building a real business. This will allow you to delegate tasks to your employees and ensure that your business can continue to operate even if you’re not there.
Remove Yourself from the Day-to-Day Operations: As a business owner, it’s important to remove yourself from the day-to-day operations as much as possible. Focus on the bigger picture and let your employees handle the details. This will give you the freedom to focus on growth and expansion.
Building a real business takes time and effort, but it’s worth it in the end. If you have a job in disguise, take these steps to turn it into a thriving company. With a solid plan and the right people in place, you can turn your business into a profitable, self-sustaining company that operates independently.
In conclusion, it’s essential to identify whether your business is a job in disguise or a real business. If it’s the former, taking steps such as hiring more people, documenting your company procedures, and removing yourself from the day-to-day operations will help you turn it into a thriving company. Remember, a real business operates independently and generates income, even when the owner is not there.