How to Make Your Money Work for You

How to Make Your Money Work for You

You have to go through the difficulty of sacrificing yourself and committing to your company when you start a business. For the first five years, you need to figure out how you can make it stable, and you always need to fight for it.

But going beyond those years, you are already done with that—because you are already scaling up, and there are various ways to step up. There are traditional ways in a business where you are in golden handcuffs. It’s when you have gold, but it’s handcuffing you to the business.

You can’t harmoniously go on vacation with your family because you feel the need to be consistently present for your business. How will you grow your business so that you are not tied to it? The main objective is how to make money work for you.

First, you build processes, and they will serve as your main duty. You must delegate tasks to people you trust and who are accountable to you. You hand over to them several day-to-day workflows because your role will be different, and it is fostering processes.

Let’s deal with hiring, firing, and building the right culture. Processes go hand-in-hand with people, and as a CEO or business owner, you ensure that you are letting the best people into your house. How are you going to do it? During the hiring process, design it in such a way that you will be able to screen people applying. You have to make sure that your values are aligned.

When it comes to firing, some people will grow apart from you. It becomes an integral aspect of your culture, which is why you make sure you have policies and protocols in place. There are reasons for you to fire them legally and to keep your people’s dignity without them feeling ashamed.

All this sums up to building a very good culture. So, you need to be intentional about the culture—you trim the garden, you become the gardener of your own company. You have to take care of them.

Secondly, you need to scale up operations by ensuring you have projections. You have to project how many people you’ll need for next year and how much equipment they need. You equip them with incredible tools to do their jobs efficiently.

Then, you invest in upscaling your people. Remember, you are growing your business, so you need more leaders and managers. Get a training company, implement workshops, seminars, and team-building events. Through these, all of them will have the opportunity to rise to mid-level or upper management. There has to be something more for your people.

Lastly, upscale your sales. In this aspect, it’s crucial to hire salespeople and a marketing team. In SEO Hacker, we have the engine of growth—a passive lead-generating platform, which is our website. It is something that often generates perpetual leads. That’s how you make the company grow fast.

Then, you should build your brand and strengthen it, as it’s hard to do sales if your brand is weak. It’s more difficult to close deals that way, but it’s easier when people already know who you are.

Once all this is rolling, that’s how you make your money work for you. Even if you are out of the office, it’s still working because the sales are coming in, and your operations team is handling it properly. You go through processes that have a significant impact on your business. Worries are a lot less, and literally, your business is working for you; money is working for you.

Now that you understand how to make money work for you, I’d like to invite you to listen to my podcast for more insights. Reach out to me as well, whenever you are ready. Together, we will escalate your leadership journey with faith and purpose.

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