Do You Need to Hire a Team for Your Legacy Business?

Are you the CEO of your company or an intern? Not sure? Think about how you spent your working hours over the past week.

Did you create a vision for your business? Brainstorm with your team? Orchestrate your strategy? Review your key success metrics?

Or did you spend your time on all the wrong things? Did you lose hours going through your overflowing inbox? Force yourself to write a sales page even though you despise copywriting and don’t know what converts? Struggle in vain while attempting to update your website?

If you’re taking on too much, or wasting your genius on the wrong tasks, the time has come to hire a team for your Legacy Business.

What’s Unique About A Legacy Business?

What’s the path to Freedom with a Legacy Business? Creating a sellable asset. Your constant goal is to form a business that you can eventually sell to partially or completely fund your personal Freedom Generator.

In a Legacy Business specifically, the value must lie outside of you. It’s critical that you set up and maintain your business in such a way that its income and assets are ultimately independent of your role in the business. So, as you hire your team, consciously move yourself further and further away from the critical roles in your organization.

Assess Your Business Roles

Right now, you may be taking on many, many roles in your business. Before you can create a team, however, you need to list out each position your business currently requires. That could be billing, content management, customer care, website maintenance and more.

Once you have a comprehensive listing, score each role according to the following categories:

Inspiration: Do you love working in the role? Does it bring you joy, fulfillment and satisfaction? Or do you dread every moment you spend on those tasks?

Impact: How much value does the role provide to your business? Is it critical to the smooth functioning of your processes? Or does it barely effect your success metrics?

Income: Are you increasing the Cash Flow to your business by remaining in the role? Is your skill in this area adding to your company’s profits? Or are you losing money by performing the role poorly or by not focusing your time on more important tasks?

Pick One To Start

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