Mike Andes argues that a business dependent on you is a liability, not an asset. He walks through raising prices, shrinking to increase profit, and hiring others so you can actually take time off without everything falling apart.
Business that collapses when you get sick or you have to go on vacation, that's a liability, not an asset. If you can't step away because of a family emergency or you need to go on a vacation, take a couple days off, you don't own, the business owns you. And the whole reason we got into entrepreneurship and stepped away from nine to five is for the quote freedom. And I understand sacrificing five or 10 years, but if you're spending 15, 20 years and you're still chained to your business and you can't step away for a couple days, we need to step back to the drawing board and ask why? What if I raised my prices, reduced the size of the business but made it more profitable and gave me that profit margin, that room for error that I could then go hire someone else to do my job so that I get freedom back, get my time back and buy back my time using the profits from the business.
