In this episode of the Levership Podcast, Chris Johnson and Matt Symes discuss the importance of building a sellable business, the various types of investments entrepreneurs can make, and the critical role of process improvement in maximizing returns. They emphasize the need for entrepreneurs to be intentional about their investments, particularly in processes and people, to create a sustainable business that serves their best life. The conversation also touches on preparing for business exit and the importance of normalizing financials to attract potential buyers. Takeaways:
- Every aspiring entrepreneur should have a sellable business.
- Investing in process improvement is often overlooked.
- You can gain more from investing in processes than equipment.
- Investing in skills is crucial for growth.
- Normalizing your P&L can provide better insights into investments.
- Investing 20 cents on the dollar is essential for growth.
- You can have both a thriving business and a fulfilling life.
- Stop subjecting yourself to the tyranny of your business.
- Get intentional about the engine of your business.
- Building a business that serves your best life is possible.