Chapter 31The Path of Smart Growth

Intellectual growth should commence at birth and cease only at death.

—Albert Einstein

At the end of the road, you find yourself back at square one: following your why. To grow your business successfully, you need to know where you ultimately want to go. Maybe investing is your passion and you want to keep expanding the business. Maybe you want to remove yourself from the business so that you can spend more time pursuing other things.

Whatever the case, the path that takes you there is going to be to a transition. You are going to transform your investing business from a model that is dependent on you to one that is dependent on systems and other people. And in order to achieve that goal, you need to have a path to growth that makes sense.

This chapter takes you through the steps of expanding and eventually removing yourself from your business so that you can lead it down the path of smart growth.

PREPARING FOR GROWTH

For your business to grow into one that is not dependent on you as the business owner, you must go from the phase of working in the business to that of working on the business.

When you first start out you are going to be in the field, learning, creating the systems, and improving the processes. You will then be able to hand those systems off to an employee and step into the role of manager. In order to truly remove yourself from the business, as your departments develop, you’ll hire managers to take over those roles as well. ...

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