Oct 9, 2022
Every business owner is self-employed, but not every self-employed person is a business owner. To transition from self-employed to business owner, you must consider factors before establishing and having people working for you. But, how precisely do we go about it? Can you recall when you originally decided to start your own business?
In this week's episode, CEO of Outcomes Business Group, David Guest joins us to discuss the phases of transition from self-employment to the business owner. He assists new business coaches with building their coaching business and getting success for their clients. In this episode, you'll get so many terrific tips to help you manage the transition from self-employed to being a business owner, as well as assessing if it's the perfect time for you.
If you find yourself wanting to free up your time and start making your business bigger than just you, then this episode is for you!
Key Takeaways:
- Pay yourself at least what’s your worth in the job
- The distinction between an business owner and self-employed
- Making profit account by taking 1% of revenue
- How to take money out reasonably to accumulate wealth outside the business
- Strategic thinking as opposed to feeling what you need to do
- How to transition from being self-employed to a business owner
Resources:
P.S Whenever you’re ready, here are 3 ways I can help you create more cash flow, more wealth and more time:
1. Get the 60-minute crash course
In our FREE Facebook Community, we have an on-ramp program that will help you map out your goals, review your foundations, get some quick runs on the board and get you excited again about your life and business. If you want to learn more, visit https://www.facebook.com/groups/thewealthmentorcommunity/
2. Join our Your Lifestyle Business Implementation Program and be a Case Study
I'm putting together a new business owner case study group this month... stay tuned for details. If you'd like to work with me on your scale plans... contact me on Messenger and comment the word 'Case Study' at https://www.messenger.com/t/jackson.millan
3. Book a Breakthrough Session
And if you ever want to get some 1:1 help, we can jump on the phone for a quick call, and brainstorm how to get you to remove cash flow bottlenecks and turn your business profits into personal wealth. contact me on Messenger and comment the word 'Breakthrough' at https://www.messenger.com/t/jackson.millan