Rebasing Your Business

This episode explains rebasing a business that has fallen into a rut. As a business owner it is important to be able to sense a status quo change or loss of excitement or anticipation around the office. ----- Key Links Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!) http://exitmindset.com/ ----- Your Business is a Journey The core principal of the Exit Mindset is the ability to reframe an outlook to think as if you were someone who is interested in purchasing your company. envisioning your business ownership and its success as a journey, milestones become more achievable. To avoid dull days in the office blending into weeks after reaching a sales goal or milestone, it’s important to lay out the road map to the next achievement. When is it time to Rebase? Rebasing your business is always a difficult decision but needs to be considered if you’ve noticed a lack of enthusiasm from your team, a decline in sales, or even stagnant consistency. Accepting the numbers that you currently have and failing to strive for improvement in the future can be just as disastrous as noticing a decline in revenue and not making a change. Being Honest & Moving Rocks The decision to rebase your business must begin with honesty. If you’re unable to look at your business objectively, it’s almost impossible to spot glaring deficiencies. Rocks, Stone and Sand Rebasing is the process of focusing on larger accomplishments, or rocks rather than more minute daily tasks that would equate to sand in the metaphor. Focusing on larger rocks as opposed to smaller granules of sand, your business will be able to move down the road towards a new base. Team Feedback & Reflection Empowering your leaders and their subordinates to provide feedback is a great starting point. Rebasing can make plain points more obvious than ever and make it allow your business to see the light at the end of the tunnel. At the end of the day, the journey needs to be worth it for your entire team. Rebasing can contribute to not only a larger valuation for your company but it’s overall success as well. ----- • The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved. For more information, please visit ExitMindset.com. Follow Exit Mindset for more ways to “Think Like a Buyer” on Facebook, LinkedIn, Twitter, and Instagram.   We want to help as many business owners as possible. If you know anyone who could benefit from the information in this podcast, please feel free to share it with them.