Investing For Freedom with Mike Ayala

Can Your Business SURVIVE Without YOU? - How to Build a Self-Sustaining Business

Listen Later

Have you ever wondered what would happen to your business if you were suddenly gone?

 

Today, Mike Ayala dives into a powerful question that hit him hard: "Dad, if you and mom died right now, could we run your business?" His answer was a sobering NO.

 

In this essential video, we explore why it's crucial to work on your business, not just in it. Learn about:

  • The importance of having a solid team and clear processes.
  • The stages of business from startup to big business.
  • How to ensure your business can thrive even without you.

    •  

    Learn how you can scale your company but also ensure that it can not only survive, but thrive without you.

     

    Startup Phase (1-10 employees):

    • Challenges: Limited resources, high dependency on the founder, need for multitasking.
  • Focus Areas: Establishing basic processes, initial team building, setting the foundation for growth.
  • Action Steps: Ensure clear communication, document key tasks, invest in initial training.

    • Middle Ground Phase (10-250 employees):

    • Challenges: Scaling operations, maintaining quality control, developing mid-level management.
  • Focus Areas: Delegating responsibilities, refining processes, increasing efficiency.
  • Action Steps: Audit daily tasks, implement SOPs, focus on hiring and training middle management.

    •  

     

     

    Never Miss An Episode! Follow the Podcast on:

    • Apple
  • Spotify
  • YouTube
  • Google Podcasts
  • Android

    • Visit InvestingForFreedom.co.

     

    Follow The @KingsTablePodcast Podcast on YouTube!

     

    Follow Mike Ayala on:

    • Instagram
  • Twitter
  • Facebook
  • Tik Tok
  • LinkedIn
    • ...more
    View all episodesView all episodes
    Download on the App Store
    Investing For Freedom with Mike AyalaBy Mike Ayala
    • 5
    • 5
    • 5
    • 5
    • 5

    5

    202 ratings