In this episode, I talk with business exit strategist Laurie Sterling about building self-sustaining businesses that allow entrepreneurs to step back and enjoy life. Laurie shares her personal journey, emphasizing the importance of independence and her "Step Back to Scale" framework.

Key Takeaways:

• Time Audit: Conduct a comprehensive audit to determine tasks that can be delegated or automated, freeing up valuable time for founders.
• Bottlenecks: Identify key growth impediments such as cash flow and delivery capacity that often arise from founder over-involvement.
• Scaling Strategies: Explore effective methods like empowering teams and leveraging technology to achieve scalability.
• Asset Building: Focus on creating digital assets and efficient processes to enhance the business's sellability.
• Freedom Pathways: Discuss multiple scaling options, including hiring talent and developing digital courses.

This episode provides actionable insights for entrepreneurs looking to reduce hands-on management while ensuring business profitability and independence. Tune in for strategies to transform your business into a thriving, self-sustaining freedom machine!

Chapters:
0:00 Introduction to Freedom Machines
2:00 The Journey of Business Ownership
3:55 Laurie's Business Exit Strategy
5:51 Lessons Learned from Selling a Business
6:19 Transitioning to Helping Others
7:23 Working with Online and Local Businesses
8:30 Identifying Founder Dependency
9:54 Scaling Beyond the Founder
13:47 The Rockstar Method Explained
16:33 The Power of One-to-Many Models
19:02 Building Valuable Business Assets
23:08 The Step Back to Scale Framework
26:09 Common Bottlenecks in Online Businesses
31:14 Diagnosing Your Business's Needs
36:19 Finding Support and Resources

Laurie's Links:
Website: lauriestirling.com
Instagram: https://www.instagram.com/laurie.stirling/
LinkedIn: https://www.linkedin.com/in/lauriestirling/

Listen to our limited podcast series to how to build an automated sales funnel and scale it to $100K/year: https://www.gillianperkins.com/the-100k-method

More FREE Resources to Grow Your Online Business:

• Grab our free course, Small Business 101: https://www.gillianperkins.com/small-business-101-free-opt-in
• Write a Profit Plan for Your Business : http://gillianperkins.com/free-profit-plan

Want to quit your job in the next 6-18 months with passive income from selling digital products online? Check out Startup Society.

Have you already started your business, but it isn’t generating consistent income? Schedule a free, 30-minute strategy session with our team to get unstuck!

Work with Gillian Perkins:

• Apply for $100K Mastermind: https://gillianperkins.com/100k-mastermind
• Get your online biz started with Startup Society: https://startupsociety.com
• Learn more about Gillian: https://gillianperkins.com
• Instagram: @GillianZPerkins