Business self-sustainability is a business growth strategy that helps you achieve the goals you had when you started your business – total independence in your life and financial freedom. So it is the primary business philosophy DE, Inc. applies in all that we do because it frees you from your business and makes it worth more!
Business self-sustainability solves many of the challenges that you face every day as a business owner. You’d be amazed at the number of challenges solved just by making business self-sustainability a priority in your business planning and day-to-day management of your business. Wouldn’t you like to fix your:
- Working 10- 14 hours a day, but never feeling there’s enough time get everything done.
- Struggling daily to stay ahead of your cash flow.
- Seemingly never ending employees drama.
- Juggling a dozen balls at once not sure what you need to tackle next.
- Scrambling to hiring someone to replace a key employee you just lost.
- Feeling trapped by your business, alone with nobody to share your problems or solutions.
- Stressing over little to no top or bottom-line growth for months and even years on end.
If any of these things sound familiar your need to watch the following video to see how business self-sustainability can help solve all these problems… and more!
Why Apply Business Self-Sustainability to Your Business?
While fixing the challenges may you face in your business may be the reason to start applying the business growth strategy of business self-sustainability to your business. The result of building a self-sustaining business will be the future reward. Some of the more notable benefits are:
- Decreases risk to your family and families of your employees.
- Delivers the life independence you wanted when you started your business.
- Creates the financial freedom which you’ve always dreamed.
- Increases value of business so you can get more if and when you sell it.
- Improves both your personal and business cash flow.
- Provides more options for exiting your business, now or in the future.
- Helps you catch the attention of investors and corporate buyers.
You can learn more about how to this powerful business growth strategy by getting a copy of our founder, Dino Eliadis’ book Business Growth Simplified: How to Rapidly Create a Self-Sustaining Business. This book was written to help small business owner achieve the independence and financial freedom you dreamed of when you began your business. You will learn the things you need to set yourself free from your business in 3 – 5 year or less while gaining all the benefits that come from having a self-sustaining business.
Decreases risk to you family and families of your employees
For companies without business self-sustainability the “hit by a bus scenario” is a nightmarish thought. Think about what would happen to your family if they were left to tend to your business in its current state of operation. Ask yourself, “would their life-style be impacted?”
Many will say, that’s why I have life insurance. But, life insurance won’t run your business when you’re gone!
What will happen to your customers and employees if you weren’t there to run the business? Ultimately you leave your family with a big mess to clean up…if it’s even possible! How will that leave them in your absence? Is this really the legacy you want to leave your family?
If you just focus on building a self-sustaining business for a short time (usually 3 -5 years), your business can run without you being there. As a result, you can take that vacation you wish you could take today. You can work on that new business idea that you have, but can never seem to find the time to research. At this point you can have the time to take vacation whenever you want or work on a new business idea you have and keep your currently life-style or better. It can all be yours in just a few short years!
What if you set your revenue based on the net profit percentage you wanted from your business. You’d know exactly how big you needed to grow your business in order to become financially free and could use your business to do it!
Do you know what the size of your business needs to be and what key factors need to be accomplished to get there? It isn’t as big a number as you might think. You can see what we mean by reading the blog post titled, “How Big Do You Need to Grow Your Business for Self-Sustainability?”
Most business owners have an inflated idea of the actual value of their business. The business could be worth that and probably even more if it wasn’t dependent on the owner.
By making business self-sustainability a priority, you remove your business’ dependence on you. Any business broker will tell you by removing your business’ dependence on you increases the value of the business. Business self-sustainability in the way to get there!
What would it be like if your business hit breakeven every month with the profit margin you want on top of that without you even thinking about it? How much would that be worth to you?
That’s the financial benefit of a self-sustaining business. With the right systems and key metrics to monitor your revenue engine your business will just create cash flow without you even thinking about it. How much stress would that take off of your back?
That means you get paid without even thinking about it. Wouldn’t that be a great feeling?
If your business is self-sustaining do you really need to sell it? Heck, it’s probably the best investment that you have in your portfolio!!!
This isn’t the way most small business owners think about their business. But, they should!
If you build a self-sustaining business you don’t have to sell it to retire. In most cases, you could retire in 3 – 5 years. You don’t have to, but you could. The big benefit is YOU DON’T HAVE TO SELL IT TO RETIRE. But, you can if you want to and it will be much easier to sell if it’s self-sustaining. WHY….?
Investors look at businesses differently than most people. Many don’t care what the business is, they just want to know that they have a reliable cash flow stream with their investment.
That’s right, they don’t care what the product or services is. If it gives them a consistent return on investment (ROI) then they’re interested.
So, if you want to sell your business to an investor, they want a “turnkey” cash flow stream. Build your business for self-sustainability and you’ll get investors’ attention.
But I’ll bring it up again, if the ROI from your business why would you sell it? It’s the best annuity that you could leave your family!
Making Business Self-Sustainability Work for You
Get started by using our BGS Business Growth Framework – part of our Business Growth Simplified brand. Using the BGS tools, training, and resource helps you begin by moving your business up the business growth cycle.
Learn More About Creating Business Self-Sustainability!
Find out more about what’s necessary to create business self-sustainability by downloading our FREE ebook How to Get Out From Under Your Business. Just click the button below:
Talk with a DE, Inc. consultant to find out how a growing self-sustaining business. Complete the form below to schedule time for a FREE discussion of how to make your business self-sustaining.