Do you feel like you are on a mouse wheel? You work hard everyday as the days, weeks and even years go by but don’t feel any further ahead. You work 60 to 70 hour per week fighting fires and haven’t had a day off in weeks because your business would unravel without you.

In this episode, Tony Malyk shares how to structure your business to reduce your stress and have more time for friends and family. Every business has five areas of accountability including: Sales, Marketing, Operations, Human Resources, Finance  Administration. Depending on on the size of the business the owner could be looking after some or all of the areas.

Tony shares a 7 step process that includes listing all the tasks that need to be done in the business, assigning a value to those tasks and using the information to create job descriptions. With specific roles defined, the owner can now decide which roles to delegate based on the value of the tasks. You will learn a system for delegating to ensure you have a smooth transition as you assign jobs and tasks to your team members.

Most small business owners are the General Manager of their business but many don’t understand their role as the GM. When there are no fires to fight and the owner finds some time on their hand, they gravitate to their vocation by putting on a tool belt or getting on the forklift to do some “real work”. Tony overviews the duties and responsibilities of the GM so you can focus on the high value tasks that will free up your time, reduce stress and allow you to run a more profitable cash positive business.

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For most business owners, reading financials statements is like trying to read a foreign language. You might understand the odd word but miss out on the real value of message being communicated. Just like a foreign language, most business owners understand some of the information on their financial statements such as sales and net profit but miss out on the “hidden gems” of valuable information that lies within them.

In this episode, Tony Malyk will make you feel like a financial whiz as he explains how to use your financial statements as a tool to identify the areas that are draining cash and profits from your business. You will learn how to properly read and analyze your Profit & Loss Statement and Balance Sheet by doing 9 simple calculations, so that you can take corrective action and make informed decisions to turbocharge your profits and cash flow.

Stop guessing and start making decisions based on facts, so you can achieve your income and lifestyle goals.

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Business owners spend a lifetime building their business with the goal of selling it to fund a dream lifestyle and retirement. Far to often they are left disappointed when they find out that their business is worth twenty to fifty percent less than they thought, resulting in their retirement lifestyle being well short of expectations.

Business value is often based on a multiple of owner’s cash flow or profit which tends to be the owner’s main focus when building their business. However, there are several other factors besides financial performance that affects business value most business don’t consider.

In this episode, Tony Malyk explains the parity between building value in a business and a home. He will cover the three categories that drive the price of a home or business: (1) Fixer Upper (2) Fair Market Value (3) Strategic Buy, and how they can dramatically affect business value.

Tony will also cover the eight questions to ask yourself to determine if your business is a fixer upper and how you can fix it. Don’t wait until you decide to sell to maximize the value of your business. The time to start is right now!

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