Can Your Business SURVIVE Without YOU? - How to Build a Self-Sustaining Business
Have you ever wondered what would happen to your business if you were suddenly gone?
Today, Mike Ayala dives into a powerful question that hit him hard: "Dad, if you and mom died right now, could we run your business?" His answer was a sobering NO.
In this essential video, we explore why it's crucial to work on your business, not just in it. Learn about:
The importance of having a solid team and clear processes.
The stages of business from startup to big business.
How to ensure your business can thrive even without you.
Learn how you can scale your company but also ensure that it can not only survive, but thrive without you.
Startup Phase (1-10 employees):
Challenges: Limited resources, high dependency on the founder, need for multitasking.
Focus Areas: Establishing basic processes, initial team building, setting the foundation for growth.
Action Steps: Ensure clear communication, document key tasks, invest in initial training.
Middle Ground Phase (10-250 employees):
Challenges: Scaling operations, maintaining quality control, developing mid-level management.
Focus Areas: Delegating responsibilities, refining processes, increasing efficiency.
Action Steps: Audit daily tasks, implement SOPs, focus on hiring and training middle management.
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16:21
Small Business Rents Are SKYROCKETING: Here’s What YOU Can Do
Are you feeling the squeeze of rising commercial rent costs? 🏢📈 Did you know that the average monthly rent for small businesses has surged by 12% over the past year?
In this video, Mike Ayala dives deep into the rising business rent crisis and what it means for entrepreneurs and investors. We cover why the average monthly rent for small businesses in America has surged by 12% over the past year, and learn how these changes impact your pocketbook. Mike also discusses the broader economic trends, the job market's current state, and the future of interest rates.
Key topics covered:
The impact of rising rents on small businesses
Understanding the current job market and unemployment trends
Why we may not see significant rate cuts soon
The long-term outlook for real estate prices and interest rates
Strategies for business owners and investors to adapt and thrive
Stay informed and gain the insights you need to navigate these challenging times and build the wealth you desire through savvy real estate investments. Don't miss this crucial analysis!
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18:31
Allow Yourself to Evolve
Today, we confront the myth of perpetual commitment.
In a world where perseverance is celebrated and quitting is often equated with failure, we're conditioned to think that once we set a goal, it's a binding contract we simply must honor. Our discussion today doesn't condone walking away from commitments that truly matter to us, but rather, it advocates for a shift in perspective on how we perceive our goals and responsibilities.
We'll delve into the liberating concept of releasing obligations that no longer serve us - those tasks or goals that drain our joy and erode our well-being, we'll also explore practical strategies to navigate such scenarios gracefully.
Thanks for listening! If you enjoyed, please leave a 5-star review.
Never Miss An Episode! Follow the Podcast on:
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4:53
The US Government is Spending More on Debt Than Defense
Today we are looking at the US government spending, specifically the amount we are spending paying interest on an ever rising national debt. We touch on what this means for the country, what we can do in our lives with this information, and more.
Thanks for listening! If you enjoyed, please leave a 5-star review.
Never Miss An Episode! Follow the Podcast on:
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14:38
What is Fear?
Today I invite you to take a deeper look at an emotion that often governs our lives - fear. Fear most often presents itself in the uncharted territories in our lives, and is an unavoidable challenge in life. Yet it’s confronting this emotion and pushing through it that brings about growth and liberation. Leaning into fear and running towards it can be difficult to do, but our mission is not to suppress fear but to overcome it.
I invite you to take some time to think about how fear is governing areas of your life and how you can lean into it, conquer it, and come out on top with more knowledge and confidence going into the future.
Thanks for listening! If you enjoyed, please leave a 5-star review.
Never Miss An Episode! Follow the Podcast on:
Apple
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Visit InvestingForFreedom.co.
Follow The @KingsTablePodcast Podcast on YouTube!
Follow Mike Ayala on:
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Discover proven strategies and advice to find true financial freedom with investor, speaker, and business founder Mike Ayala. Mike shares inspirational in-depth success stories from industry leaders at the top of their game. Guests include real estate investing experts, business founders, and more. Every episode is packed with value and wisdom for anyone looking to live a life of freedom.