Are you holding your service business back?
2 min read

Are you holding your service business back?

Don’t be your own bottleneck

Even if you have no plans to sell your service business in the near future, building a solid asset that can thrive without you should still be your main priority.

Why?

Having a business that is optimized to sell comes with way more benefits than just the possibility of an exit.

Including:

  • Your services are productized which means it’s easily scalable. Much like having a physical product, but in this case, it’s a service.
  • Your income has the potential to scale far beyond your 1:1 time inputs.
  • Income is still being generated even after you stop working. You have now divorced your time from your income. Thus making your business very attractive and infinitely more valuable

But the sad reality is, the majority of service business owners are closer to overworked freelancers, still trading time for money than asset-building productized entrepreneurs.

And they end up being the bottleneck of their own service business!

They take any job which comes their way, which results in:

❌ Cheap clients who are oblivious to the value of your services and completely lowball your prices.

❌ One time projects resulting in the classic cycle of feast and famine.

❌ Not being taken seriously due to charging such abysmal fees.

Instead of having a few flagship offers, they are working on what can only be described as multiple part-time jobs for anyone who will give them some work. Saying yes to everything.

So, today I wanted to show you how you can avoid being the bottleneck of your business with an interview I recently did.

It was with a good friend David Newell who is a top-performing business broker from Quiet Light Brokerage helping people sell their online digital assets and business.

You don’t want to miss out on this episode, it’s super-valuable, and I decided to make it available to everyone.

David is someone who can give you some extremely actionable advice on how to increase the value of your service-based business and develop it as an asset.

And how to get the best possible exit.

Exits are one of the biggest sources of wealth creation which is why it’s important to have a solid exit plan even if you don’t intend to sell it right away.

Get your pen and paper ready as this episode is one of my favorites and some of the advice being given away is something you can implement into your business today!

That’s all for today.

Speak soon,

Tyler

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