Self Managed Business or Business Exit

Hey there, it's Ian, and today we're delving into a topic that's been a major point of contemplation for me recently –

the choice between building a self-managing business or taking the traditional route of aiming for an exit strategy.

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Both paths have their pros and cons, and in this blog, I want to share my personal journey and decision.

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Let's start with the business exit strategy. It's a path many entrepreneurs and business owners have walked, with the promise of a significant financial reward at the end of the journey.

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On the other hand, building a self-managing business is an alternative approach gaining traction

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Now, let me share my personal journey.

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At MBS Accountants, we're not near an exit or fully self-managing just yet, but I've been contemplating our future.

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The allure of a business exit is undeniable – the financial rewards, the prospect of new adventures, and the well-deserved relaxation are all enticing.

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However, as I look ahead, I see a different vision.

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It's a future where we've transformed into a self-managing business.

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It aligns with my core values and the reason why I embarked on this journey in the first place.

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I've been captivated by the benefits of a self-managing business:

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1. Sustainability:

The long-term sustainability of a self-managing business is a key advantage. It ensures that the business can thrive even when I'm not around.

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2. Empowered Team:

Empowering our team to make decisions and take ownership fosters a sense of ownership and commitment that's invaluable.

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3. Efficiency:

A self-managing system can streamline our operations, increase efficiency, and free us up to focus on the big picture.

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4. Work-Life Balance:

This approach not only benefits us but also our team. It allows for a healthier work-life balance, more vacations, and less stress.

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5. Incentives:

A self-managing system fosters accountability, leading to more incentives and recognition for our team. This drive towards success and motivation creates a win-win situation for all.

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So, here's my decision:

In the future, I choose the path of the self-managing business.

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The financial gains will follow, but they won't be the sole driving force.

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It's about creating a lasting legacy, both for our team and our clients.

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As I embark on this journey, I invite you to consider your own path.

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Is it the allure of an exit strategy, or is it the promise of a self-managing business that resonates with your core values?

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It's a decision worth pondering, and I hope my story serves as a source of inspiration on your own business journey.

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Thanks for reading, and stay tuned for more insights and updates on our transition to a self-managing business at MBS Accountants.

Together, we can make businesses thrive, not just survive.

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