66 min listen
220: Finance Friday: How Do I Scale My Business But Reduce My Hours?
220: Finance Friday: How Do I Scale My Business But Reduce My Hours?
ratings:
Length:
67 minutes
Released:
Aug 6, 2021
Format:
Podcast episode
Description
Entrepreneurs work long, stressful hours, and as a result, they get paid the big bucks. This is the position that Stephanie, a freelance Salesforce consultant is in. She makes a respectable income, bringing in $14,000 after tax! But, that income comes at a cost.While Stephanie is currently contracting out work to a few part-time employees, she spends at least 50 hours per week on the business. She’d like to get to a point where she can step back and work 20 (or so) hours per week and have a systematized and growing business. She’s financially in a great place, with more than three years of expenses saved in cash, so she can take more risks with her business.If you’re growing your own business, rental portfolio, or side-income stream, you may be in Stephanie's position in the future. Stick around to hear exactly what Scott (an active CEO) would do if he was in her shoes.In This Episode We CoverTime freedom or financial freedom, which is more important?Taking your hands off the reins and letting your business grow Subcontracting out work so you can focus on leading a business Firing clients who aren’t the best fit for your business Creating systems and procedures so your business can become scalable and saleable And So Much More!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Aug 6, 2021
Format:
Podcast episode
Titles in the series (100)
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