Freedom

“Make the most of yourself by fanning the tiny, inner sparks of possibility into flames of achievement.” - Golda Meir

The final step of our Six Steps journey is that of Freedom - your personal freedom. You can now choose to sell the business, choose to let the business run without you and receive a passive income or choose to purchase other businesses as an investment. Here you can reap the rewards of your business success as a true entrepreneur. But to do this, you must finish the business. If you ‘need’ to keep going into work rather than ‘choosing’ to, it is not yet finished. Here is where you will do just that.

So, what does this business look like when it’s finished? How many locations does it operate? How many employees does it have? Does it still ‘need’ you? Can you sell your business to an investor or are you effectively selling a really tough job in a company the buyer will own and can’t escape from? What multiple would you pay for a company in which you have to step into the driving seat? Here you will look at the asset value of your business in multiples of profit. If it’s a true investment, the multiple will be much higher – in line with other opportunities available to potential investors.

Congratulations on becoming a true entrepreneur! You have built a commercial profitable enterprise that works without you, developed an investment portfolio that builds wealth while you sleep, enjoy the experiences that you have always dreamed of and have left a powerful mark on the world through generous philanthropic gestures. This journey has enriched the lives of millions and will continue to do so long after you have gone.

But of course, this all started with your very first step on this exciting journey of personal growth through the ActionCOACH 6 Steps to Building a Better Business. Here you eliminated the chaos and brought stability to your business through

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