Let’s talk about something super important that often gets overlooked – shifting from being an operator in your business to truly owning it. Trust us, this change can make a world of difference.
Owning Vs. Operating
While Bradley was visiting a small town in Alabama, he needed a charger and headed to one of the local convenience stores. While he was there, the guy behind the counter randomly shared that he hated his job. Turns out, he actually had a 25% stake in the business! That got Bradley thinking – and talking – about the real value in owning a business versus just running it day-to-day.
Here’s the deal: the real money is in owning the business, not just running it. As the owner, you get paid for what you do daily, but your real returns come from what you own. It’s a mindset shift that can change everything.
If you’ve worked for someone else before, it can be tough to shake that employee mindset. You might find yourself stuck in the daily grind, handling tasks that could easily be handed off to someone else. This can seriously hold back your business growth.
Delegation: Your Secret Weapon
Learning to delegate is key. It’s not just about lightening your load; it’s about giving your team the power to take on responsibilities. For example, if you can pass off $25-an-hour tasks, you free up your time for $100-an-hour tasks that really push your business forward.
Back to that convenience store guy – instead of getting bogged down with daily tasks, he could hire someone to handle those and focus on expanding the business, maybe even buying more stores. That’s where the real growth happens.
Your goal should be to move from being the main worker to the architect of your business. This means stepping back from the day-to-day and focusing on planning, strategy, and growth.
How To Make The Shift
- Delegate the Small Stuff: Identify tasks you can hand off. This buys back your time.
- Focus on High-Impact Work: Use your freed-up time for strategic planning, business development, and team building.
- Embrace Your Team: Business is a team sport. Everyone has a crucial role, and your job is to lead and strategize.
- Plan for the Future: Set long-term goals, annual objectives, and quarterly targets. This keeps everyone aligned and focused on growth.
Switching from operator to owner isn’t just a job change; it’s a whole new way of thinking. By focusing on ownership and high-impact tasks, you’re setting up your business for long-term success. Remember, the real power – and the real money – is in owning the business, not just running it.
The Quarterly – June 25, 2024
Ditch month over month growth and begin to design the systems and processes your business and team need to create growth and scale. Quarterly planning empowers you as the owner to set the vision, direction, and key targets that you need to reverse engineer the business you truly desire.
The Best Part? This 2 Hour Workshop with Bradley Hamner and other business owners is totally free. Save your seat!
Grow Your Leadership
Bradley has many resources to grow your leadership in the area of vision and priorities. Check out a few of them:
Fresh off a retreat, Bradley shares a perspective shift around setting goals. A fellow group member introduced a perspective that really hit home: thinking about goals in terms of mindset, skillset, and toolset. Keep reading…
In this free WebClass, learn how to design & install an operating system that runs like clockwork. Learn more…
It’s difficult to get to your destination if you aren’t sure where you currently are! After all, the path from Minnesota to Canada is very different than the path from Mexico to Canada. If you aren’t certain where you’re at today in business, you need to take the Rainmaker to Architect assessment. It will gauge your strengths and weaknesses as a leader and in your business. Then, you’ll get detailed, specific suggestions for improvement. Take the assessment here.
MEET YOUR COACH
BRADLEY HAMNER
Bradley is a Business Growth Coach and Value Builder consultant, empowering entrepreneurs to become architects of their own success. He shares his revolutionary BlueprintOS methodology, unlocking businesses’ true potential and driving remarkable achievements.