When I was first launching my business, I assumed it’d be all martinis and beach sand by the end of the year. It’s important that anyone considering starting a new business consider just how long it takes for any business to take off: you need at least 2-3 years of financial runway before you can expect to get into the black. From there, you’re likely looking at a couple of more years before you begin consistently generating solid revenue. Add in another 3-5 years before your business is stable enough for you to take real vacations.
The shortcut to all of the above? Hire strong support. Whether you are replacing yourself with a CEO, or hiring an outstanding operations manager or marketer, you need savvy individuals who can support your business, so that you can step away from time to time to avoid burnout.
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