In this video, I’m talking to a large group of business owners about creating success in business. And as those who know me will tell you, my definition of success when it comes to business is … to build an asset that ultimately feeds you financial freedom for the rest of your life.
If you ever want to sell your business (and even if you don’t) there are 9 key elements that make a business ultimately valuable and saleable:
Great product – meets a need/Clear niche
Great model – scalable/growth potential
Great customer base
Great cash flow – Locked in revenues
Great financial model
Take a look at the 4 minute clip above to hear more about these… and if you want to start creating that valuable business sooner rather than later, email me today about the 2015 Acceler8or Programme.
The Liber8 Acceler8or Programme is designed to help business owners build valuable businesses… sooner rather than later.
The 2015 programme now kicks off with a workshop 28/29 July. Email me now firstname.lastname@example.org if you’d like more information.
My early mentor in business was Robert Kiyosaki. I studied with him all around the world, long before he wrote the Rich Dad Poor Dad books. One day, at his business school in Hawaii I was sitting next to him at dinner. We were talking about finding your life purpose and building a business around this. I asked Robert how to find my purpose, my passion. He replied, “Laura, you’ll find what you love by looking at what you hate most.”
This thought stuck with me and over time, as I’ve worked with and talked to hundreds of business owners, I realised that what I hate is seeing small business owners becoming slaves to their business – after setting out with a dream of creating their own destiny, being their own boss, running their own lives, they find themselves chained to a business that doesn’t pay them enough, works them too hard and impinges on their quality of life. It’s not supposed to be like this.
The team at Liber8 are committed to setting small business owners free. To help them create businesses that are not dependent on the owner for survival, that can grow and prosper and pay the owner back handsomely for all their hard work.
Are you ready to turn your business into a valuable asset?
We’re running our 2015 Acceler8or Programme with a workshop kicking off very soon – designed to help you build an asset not a life sentence. If you’d like to know more about it, email me email@example.com and we’ll send you some information. It’s for a small, select group of business owners how are ready to build the business that sets them financially free. Are you one of them?
If every business owner started their business knowing it was meant to be an asset not a job, we would be a nation of wealthy entrepreneurs and one of the leading economies in the world. My mission is to help every business owner I come into contact with grow a business as it should be… something extraordinary that they can eventually exit from and leave a legacy of greatness. This short clip explains this… take a look.
Does this sound like something you’d really like from your business?
If so you might want to join us on the ultimate journey to create financial freedom from your business… The all New Acceler8or Programme kicks off this month. We’re helping passionate business owners build the business they really deserve. Click here today for more information.
The Liber8 team held a powerful workshop a few weeks ago. Twelve people in a room had the courage to look at their mindset around money, wealth and business. On their feedback sheet after the workshop, 80% of them mentioned the realisation that a business should be an asset not a job, and the keys to getting there were key out-takes for them. This is what we teach at Liber8. We are passionate about it and we strongly believe that if every business owner in New Zealand set out to create an asset rather than a job, we would see a very different economy and a very different Country.
In a moment I’ll share three of the keys to building a valuable business… but first let me explain this flip chart from the workshop.
If you business requires you to go to work every day in order for it to continue to exist… and you don’t have a plan to change this in the future – you don’t have a business, you have a job. And it may even be a job that pays you less than someone else would pay you to do the same job, makes you work twice the hours, puts too much stress on you and doesn’t let you take enough holidays. Sound familiar? A job is something that pays you some income, but doesn’t allow you to build wealth on the way.
If your business is able to generate income without you having to be there – it has become an asset. If your business has value to someone else, who would like to pay you a significant sum of money to buy it – it has become asset. An asset will feed you long after you stop working.
Which is your business? A job or an asset?
If it’s still a job, don’t panic. Every business starts out that way. But its the business owners who make a conscious decision to transform it into an asset over time that really win. This is what we teach at Liber8. Financial freedom by turning your business into an asset.
Here are just three of the steps we encourage our members and clients to take:
1. Decide that you want to create a valuable business not just a job for yourself. Think about your own mindset and paradigm, what are you telling yourself on a regular basis that would prevent you from striving for this. Question your own belief systems around growth, wealth and what is possible for you and your business.
2. Address your business model. What is holding back the growth right now? Have you created something that is very dependent on you? If so, what changes could you implement that would reduce this dependence? Do you need to find a way to duplicate what you do and train others to deliver? Do you need systems and products that can deliver without you?
3. Create recurring revenue streams. The most valuable businesses are those where cash flow can be predicted into the future. Clients who are locked in to regular income – income not dependent on the owner – this is where value is created. There are many examples of business models with this value well and truly in place. I will share some of these in my next blog.
In the meantime, think about the three steps above. And feel free to email me with your questions at firstname.lastname@example.org
Yours in freedom
The all new Acceler8or Programme
We are looking for business owners ready to get serious about transforming their business into a valuable asset. Our next Acceler8or Programme kicks of end of July. Do you think you have the right mindset to join us? Email me email@example.com for more information.