Weekly Wealth Tactic 7

by Rick Webster (Investor Relations, 37th Parallel Properties)

Take a tip from successful business owners…

Have you ever given some thought to what being “in business” really means?

McDonald’s (and many other franchise opportunities) actually have provisions in their franchise agreements prohibiting the franchise owner from working in his/her own business.  They know the difference between being a business person and “buying yourself a job.”

The “self employed” business owner frequently works hard to do everything and thus is never able to grow the business beyond his/her personal limitations.  You see them working behind the counters of their video stores, answering the phones in their auto repair shops, driving out to repair someone’s plumbing.  You see them selling their own property “by owner” and you see them doing their own legal work.

The true business owner, on the other hand, works hard to get to the point of being able to delegate various responsibilities to people who specialize in those tasks.  You’ll see them hiring bookkeepers, managers, and receptionists.  You’ll see them consulting experts in whatever field they need help with.

They only do a job as long as it takes to grow into the position of being able to delegate it away.  Their time is invested in taking their business to the next level, not in the day to day operations.  In short, the true business person cultivates within themselves the ability to let go while the typical self-employed person clings to every aspect of the endeavor.

Sometimes we have to learn to let go in order to grow and prosper…

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