In this Expert Insight Interview, Aryeh Sheinbein discusses how to increase the value of your business and your net worth. Aryeh Sheinbein has spent over 20 years analyzing investments, from startups through billion-dollar companies to real-estate deals, partnerships, and everything in between.
This Expert Insight Interview discusses:
- How small business owners and entrepreneurs are hampered by the inability to delegate
- Why every business needs a roadmap
- How understanding your goals sets you up for success
For many entrepreneurs and business owners, their net worth is very much tied to the value of their business net worth. Looking at the business side of things, the first and most important thing is to understand how it can operate without you and what role you play within the day-to-day.
Many people who start their own business have trouble delegating and systematizing, which means they do everything alone. Understanding how you can delegate most of your tasks, turning your business into a more passive source of personal income is the first step.
Creating a Roadmap
When you’re starting a business, or you’re in the midst of running one, it always makes sense to take a step back and try to figure out precisely what you want from the business and where you want to take it.
Whether you want to sell your business or not, you probably want to get it to a place where it could be sold, in theory. Whatever it is you’re doing, whether you’re building personal wealth or growing your business, you’ll need a roadmap. And any roadmap is only helpful if you know where you are right now and where you want to go.
Understanding Your Goals
Sometimes people start their businesses with only a vague idea of where they want to go, not even thinking about a specific figure they want to reach in value. They simply think of their business as a way to sustain themselves and their families.
Despite this, people tend to get distracted by talk of exponential growth and overnight success, but taking a step back and seeing what you want out of your business is the only thing that will ensure you achieve the desired results.
John is the Amazon bestselling author of Winning the Battle for Sales: Lessons on Closing Every Deal from the World’s Greatest Military Victories and Social Upheaval: How to Win at Social Selling. A globally acknowledged Sales & Marketing thought leader, speaker, and strategist. He is CSMO at Pipeliner CRM. In his spare time, John is an avid Martial Artist.