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Colleen O'Connell-Campbell delivers inspirational stories from the Self-Made Nation. She puts a focus on planning and wealth management strategies for businesses looking to build the strategy that will lead to a cash-rich exit. With guests across different industries and philosophies, you'll hear stories that go deep and tactical. Perhaps most importantly, Colleen and her guests offer 'fun, frank advice' in a segment that is being compiled into a book.

Sep 20, 2022

Welcome back! Youโ€™re joining us on โ€œIโ€™m a Millionaire! So, now what?โ€ in the middle of our masterclass series on building value in your business. Today, I sat down with Louise Motuzas, Co-founder of Thrive Business consulting, an accredited exit planner to dive into the issue of dependency between a business and its owner. 

 

The more dependent your company is on you, as the owner, the less valuable it is to somebody else. How can you reduce dependency and increase your value and your freedom?

 

We have a few ideas ๐Ÿ‘‡

 

๐Ÿ“ How can business owners get real clear on the right hires for your business?

๐Ÿ“ Why an important parallel piece to hiring is to document standard operating procedures in your business.

๐Ÿ“ The importance having someone you fully trust in, with great capabilities (and why neither one will do - you need both). 

 

Thereโ€™s so much more to the podcast. Have a listen! ๐ŸŽง

 

If you haven't heard the rest of our episodes, please go back and find the series beginning at Episode 240. This series is worth your time if you are looking to make a cash rich exit from your business in the next 5-10 years.

 

If you like what youโ€™ve heard here, please consider leaving me a 5-star review. Thank you!