Have You Built a Business or Created a Job?

Many small business owners fall into the trap of building a business so entirely dependent on them it would not survive if they were unable to work. They have not built a business rather, they’ve created themselves a job.

Think about it.

• What’s the sole purpose of a business?
• More importantly, what is the purpose of YOUR business?

It’s to give you more life. That’s the only thing most of us want from our businesses—more life!
And unless your business is built to do that, it will consume your life.

Look at the majority of small business owners. They toil seven days a week, many times 12-14 or more hours a day. Doing it, doing, it doing it. Hoping one day to finally see a light at the end of the tunnel. Most business owners are actually enslaved by their businesses. They’re anything but free. It’s little wonder the majority of small businesses fail. And those that do survive fail to reach their true potential.

Here are five ways you can determine if you have built a business or created a job.

1. If you fell ill and could not work for a period of time, the business and the people who work in the business could carry on with minimal interruption.
2. The business can be sold and will run successfully without you in it.
3. You have a clear picture in your mind of what the business will look like and how it will act when it is finally done. You’ve shared that vision with your employees.
4. You have a 3-5 year plan and are working on implementing your marketing, product, and financial strategies.
5. You are able to take extended vacations and can decide not to come into the office on the spur of the moment with no negative impact on business performance.

A Principa CPA can help you build a business that works without you. Brenda Richter, CPA is a member of the Principa Alliance.

Contact a Principa CPA, and ask us how to get started today.