My Journey to Building a Self-Managing Business

I recently read a book called The Self-Managing Company by Dan Sullivan, and in this episode, I’m going to share the key aspects I took away from it. This book is for entrepreneurs who need to be hands-off in more aspects of their business, but it’s also great for people who want to work on delegating in their personal lives too.

Freeing yourself from the nitty-gritty tasks in your business frees you up to look at the big picture and focus on growth. Every entrepreneur wants a self-managing company, but you can’t build one if there’s no one to do the work—which means you have to bring people into your business and create a culture around that too.

Think of your ABC activities: activities that become annoying, boring, or ones that captivate you. Your role should shift to doing less A and B activities and more C activities. Delegating and automating as much as possible is crucial to making this transition. Considering how you price your services is also important if you want to scale.

You also want to consider your ideals versus your goals. Ideals can’t be measured—and therefore, they can’t be reached. That’s why making goals is so much more important. Wishes illuminate your path, but making SMART goals is how you actually get there.

What’s amazing about being an entrepreneur is that you get to organize your system from scratch. Identifying the unique abilities of others and hiring a diverse team can help round out your support. It also means that you get to operate within your unique abilities.