Let’s take some valuable advice from Cody Patrick, the successful Co-Founder and CEO of Sweat 440, an innovative fitness brand. He knows what it takes to build a money-making business. Whether you’re considering taking the leap into entrepreneurship or are already on your way, here are four key traits to help you achieve long-term financial freedom:
1. Build a Strong Team
As a business owner, one of the most crucial steps to success is hiring the right team. As author Jim Collins says in his bestseller Good to Great, get the right people on the bus.
2. Manage the P&L
Watch your numbers, monitor the KPIs, and make timely adjustments as needed.
3. Adopt Proven Systems and Processes
With a franchise, these are already in place—so it’s plug and play.
4. Engage with Your Community
To be a great business owner, you must not only focus on running your enterprise but also on building connections within your community. Be a pillar for your team, customers, and local area by showing up and supporting the people around you.
If you long for control over your time and have a strong desire to be your own boss, a franchise may be the right next career and investment move for you.
Tune in to the 15-minute live event, Smart Business Strategies, every Wednesday at 11:30 a.m. Eastern to gain insights into what franchising can do for you.
