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The One Mistake That Nearly Every Business Owner Makes | The Business Coach - Episode 43
Manage episode 460937068 series 3575952
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In this episode of The Business Coach podcast, host David Finkel discusses the common mistake of business owners building their business for control instead of using internal controls. David shares stories and examples to illustrate how to implement effective systems and procedures that keep the business running smoothly without the owner's constant presence. Learn about different types of controls—procedural, visual, and embedded—and discover how to scale your business profitably while reclaiming your time and freedom.
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00:00 Introduction: Doubling Sales and Increasing Headaches
00:29 The Common Mistake Business Owners Make
01:12 The Difference Between Control and Business Controls
01:35 A Real-Life Example: Scaling Without Structure
05:33 Building Internal Controls for Scalability
06:19 Examples of Internal Controls
09:08 The Importance of Embedded Controls
12:43 Avoiding the Self-Employment Trap
14:08 Conclusion: Building for Freedom and Growth
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