Folks across the globe always have a saying that states “If you love what you do, you will never work a day in your life”. But there are problems with this statement and its validity. For a person that works a job, (which even many businesses are secretly disguised as jobs due to the fact the owner must remain present in the business or the company completely falls apart) their income and livelihood is attached to their time spent working. There is no way to become free from financial constraints or have true wealth, which is the ultimate prize in being happy by being in a financial position that no party has control over your time. Many will look from the outside and ask themselves, “How can I get to that point?”
The Transition From Employee To Business Owner
The stage in the transition to becoming free will be branching away from relying on a source of income via trading hours for dollars. This would be a person’s job they must be present four to five days or more per week in order to receive a stable paycheck. What far too many do when they start receiving a paycheck is force themselves into financial servitude with purchasing a nice car, home and more which forces them to work in order to keep those things. What one must do in order to get away from the matrix of being an employee and in a hamster wheel is to ensure they have little to no expenses.
Once they have temporarily reduced their living expenses, they must find a business to start. There are thousands of industries across the globe but what the focus should be in this first business is simply making money with a cash flow business. Something that requires the owner’s time in order to acquire currency, usually as an exchange of value in the form of a skilled service, lawn services, graphic design and website building are some examples. Then as this new business owner builds up their clientele, they realize that their time is still attached to their income.
At this point they have created an elaborate job for themselves and the owner must make a decision, do they scale this service business with employees? Or do they take the profits from this current business and put it into another business, one that requires a higher capital investment but will offer a big payoff down the road?
Delegating The Tasks To Automate
The chosen route in this scenario is for the owner to scale their service company, this will involve significant investments into staff, software and equipment for this to work. However, the big payoff with delegating tasks in your business allows you, the owner to step away from the day to day operations and the company still operates and generates revenue.
“The margins decrease, but your time is more valuable and is better spent selling to clients instead of cutting grass. Because the volume of revenue coming in increases drastically. Then once you have enough leads coming in, you can delegate the sales tasks to a new employee and continue scaling.” Proclaimed the owner of Stillwater Outdoor, a company that offers commercial and residential Stillwater, MN lawn care.
Business Automation Equals True Happiness
Most poor people will say that money does not equal happiness. They completely miss the point on this statement because they equate money with work, and work means misery in poor people’s minds because they generally work crappy jobs. On the other hand, a business owners that starts his business from scratch and scales it with incredibly focused and hard work over several years, will begin to enjoy his work because it has become fun to him and he receives fulfillment and joy from what he has created. Not only because the owner built a company from scratch, but because they achieved financial abundance by building an automated system (in this example, a lawn service company with staff managing the day to day) to create a money tree that the owner can sell in the future and fund his retirement or the next business venture.
Delegating tasks as a business owner and managing your people (and sales skills is one of the most important skillsets an owner must have if they want success.