Episode Details

Back to Episodes
Why You’re Trapped in Your Own Contracting Business

Why You’re Trapped in Your Own Contracting Business

Episode 1156 Published 3 days, 8 hours ago
Description

https://bit.ly/BuildABusinessWorthHaving_tob

Successful, Miserable, Trapped

You got the trucks, the crew, and the revenue number you used to dream about.

From the outside, it looks like you’ve made it. But you can’t take a week off. Every important decision comes back to you. And somewhere along the way, you stopped thinking about what the business could become and started focusing on getting through the day.

In this episode, Tom Reber explains how a contractor can build a successful business and still feel miserable and trapped inside it.

The usual scoreboard measures revenue, trucks, and head count. It doesn’t tell you whether the business pays you well for the roles you’re filling, gives you a life outside of work, or can function when you step away.

In this episode:

  • Three signs you may be trapped in the business you built
  • Why a business that can’t run for a week without you has a serious problem
  • How you can be the highest paid employee and the lowest paid owner
  • Why being great at your trade can lead to years of reacting instead of building
  • How to define what you need the business to pay you and how much time you’re willing to give it
  • Which roles to start moving off your plate
  • Why healthy margins give you room to make those changes

Chapters:

00:00 — You hit the goal, so why do you feel trapped?

01:56 — Sign #1: The business can’t run a week without you

02:47 — Sign #2: You’re the highest paid employee and lowest paid owner

03:40 — Sign #3: You stopped imagining what’s next

04:14 — How you became the person who solves everything

05:35 — Successful, miserable, trapped

06:03 — Decide what the business is for

06:24 — Decide which roles you’ll leave

06:47 — Fix the margins that make change possible

08:40 — Your business doesn’t have to be a life sentence

Your challenge:

Write down two things: what you need this business to put in your pocket and how many hours you’re willing to work.

Then look at the roles you’re filling right now. Which one makes the best use of your time? Which ones need someone else in the seat, and when will you make that happen?

A bigger business won’t automatically give you a better life. You have to decide what worth having means to you and build toward it.

Take the free Build a Business Worth Having Scorecard to see which problems are costing you the most:

https://bit.ly/BuildABusinessWorthHaving_tob

The business you have today doesn’t have to be the business you’re stuck with forever.

Listen Now

Love PodBriefly?

If you like Podbriefly.com, please consider donating to support the ongoing development.

Support Us