Flip Tip Summary
Entrepreneurs and small businesses do a great job and picking up bad habits and doing things that don’t add value over time. It’s natural…but the winners take time periodically to break apart your business and stop doing things that don’t make sense. In this FlipNerd.com Flip Tip, Jason Roberts shares how to periodically evaluate and renew your business, so you can stay lean and mean! Check it out!
Flip Tip Transcript:
Mike: Hey, it’s Mike Hambright, with Flipnerd.com and we have a quick VIP tip to share with you from Jason Roberts, who’s going to share a tip on the importance of periodically evaluating your business to continually renew yourself.
Jason: What I want to leave everybody with is once a quarter, couple times a year, get a big, huge whiteboard and just sit down and take your entire business apart from start to finish. And get everything out that has to take place and then kind of rearrange it and reorganize it into an assembly line type processing. And get everything out of your head. Get it out there, put it back together, and remove yourself from that equation. I think that as entrepreneurs a lot of time we get stuck being the one doing the actual task and it prevents the business from growing, it prevents it from making money, it prevents it from being more profitable. Put your whole business on the wall and then figure out how to take yourself out of it.
Mike: Yeah, and we also tend to pick up bad habits as time goes by.
Jason: Absolutely.
Mike: To be pruned.
Jason: That’s right. This gives us a great way to sit down and say, man I’m doing that again. This is what I really need to work on. And sometimes you just got to get it off your head and on the wall so that you can reorganize it, put it back together the way it should and get it running the way it needs to be again.
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Mike: Please note the views and opinions expressed by the individuals in this program do not necessarily reflect those of FlipNerd.com or any of its partners, advertisers or affiliates. Please consult professionals before making any investment or tax decisions, as real estate investing can be risky.
