How to make sure your business isn't dependent on you

Want to transform your business? Then be relentless about reducing your own direct labor.

Does that mean you should abdicate your production work or front-line supervision and be an absentee owner? That you should never get your hands dirty? Of course not.

It’s OK to work. You just don’t want to design your company so that production depends on your direct labor or front-line supervision.

One of the biggest objections I hear from business owners is “Ingar, I love what I do! Why would I stop doing it if it’s my own business?”

The problem is that they didn’t understand my point.


Read the rest at The Business Journals.

Comments