Episode 63: Episode 63: The Power of Operational Leverage (Teams)

Mogul Chix® Chat Podcast

I made a post on social media the other day. I said “If you can’t take a 2 week vacation and be off the grid and the business can still run smoothly, you have a leverage problem. If you are not looking to build a company that is independent of you, this episode is not for you.

I have been stressing since forever the power of building a team. Most times I get favorable responses, but every now and then I get the peanut gallery who want to stay small justify all the reasons why they shouldn’t hire.

I’ll guess that right now if you’re listening to this episode you don’t have the luxury of stepping away for any amount of time. Whether a vacation or an emergency, stepping away now would severely handicap your business and earnings. Mostly because you have build a business that is heavily reliant on you, instead of building a company that can be autonomous. Is it fear? Is it the desire to NOT be responsible for other people? Is it that you want to be the center square in the business? Well whatever it is, if you have any goals of building a successful profitable company, you need a team. What that team looks like depends on you and the vision for the company.

Today I’ll talk about operational leverage and building a solid team. I’ll share my own tips and when I got to the point that leveraging a team was priority one.