If you answered no, then your business is probably consuming you. You're probably sacrificing relationships with friends and family, your health, hobbies and other things that make life worth living—all so your business can live.

In this episode of Talking Business Now, serial entrepreneur and best-selling book author Mike Michalowicz presents a formula from his latest book, Clockwork, that allows you to reclaim your life—while your business grows and turns a proft.

Discover the 7 steps for making your business run itself:

Why it's important to categorize your work using the 4D mix.How to determine the one function that is most critical to your business—the QBR.How to protect and serve the QBR.An efficient way to capture systems.What happens when you match traits to tasks, not people to titles.What it means to commit to a community.How to get to the point in your business that you can take a 4-week vacation.

Mike Michalowicz is a serial entrepreneur and the author of several books about growing profitable businesses: Profit First, Surge, The Pumpkin Plan and The Toilet Paper Entrepreneur. By his 35th birthday, Mike had founded and sold two companies. He now runs a multimillion dollar business called Profit First Professionals. A former small business columnist for The Wall Street Journal and the former business makeover specialist on MSNBC, Mike has traveled the world speaking.