Rebasing Your Business

Exit Mindset

This episode explains rebasing a business that has fallen into a rut. As a business owner it is important to be able to sense a status quo change or loss of excitement or anticipation around the office.

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Key Links

• Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!)
• http://exitmindset.com/

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Your Business is a Journey

• The core principal of the Exit Mindset is the ability to reframe an outlook to think as if you were someone who is interested in purchasing your company.
• envisioning your business ownership and its success as a journey, milestones become more achievable.
• To avoid dull days in the office blending into weeks after reaching a sales goal or milestone, it’s important to lay out the road map to the next achievement.

When is it time to Rebase?

• Rebasing your business is always a difficult decision but needs to be considered if you’ve noticed a lack of enthusiasm from your team, a decline in sales, or even stagnant consistency.
• Accepting the numbers that you currently have and failing to strive for improvement in the future can be just as disastrous as noticing a decline in revenue and not making a change.

Being Honest & Moving Rocks

• The decision to rebase your business must begin with honesty.
• If you’re unable to look at your business objectively, it’s almost impossible to spot glaring deficiencies.

Rocks, Stone and Sand

• Rebasing is the process of focusing on larger accomplishments, or rocks rather than more minute daily tasks that would equate to sand in the metaphor.
• Focusing on larger rocks as opposed to smaller granules of sand, your business will be able to move down the road towards a new base.

Team Feedback & Reflection

• Empowering your leaders and their subordinates to provide feedback is a great starting point.
• Rebasing can make plain points more obvious than ever and make it allow your business to see the light at the end of the tunnel.

• At the end of the day, the journey needs to be worth it for your entire team.
• Rebasing can contribute to not only a larger valuation for your company but it’s overall success as well.

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• • The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.
• For more information, please visit ExitMindset.com.
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We want to help as many business owners as possible. If you know anyone who could benefit from the information in this podcast, please feel free to share it with them.