Feeling Stuck? Your Business May Have Outgrown Your Goals episode artwork

EPISODE · Sep 1, 2020 · 8 MIN

Feeling Stuck? Your Business May Have Outgrown Your Goals

from Business Owners & Entrepreneurs Podcast with Peter Boolkah | Business Coach | The Transition Guy® · host Peter Boolkah

Send us Fan MailWhy do you want to grow your business?If your answer is simply “to reach £1 million” or “to reach £2 million,” Peter Boolkah has another question:Why that number?Many founders pursue arbitrary revenue targets without connecting them to anything they genuinely want from their lives.In this solo episode, Peter explains why a founder’s original goals can eventually stop motivating them.When you were younger, you may have wanted a particular home, greater financial security, a family, travel or the freedom to leave employment. Those goals gave you something tangible to work towards.Over time, you may have achieved many of them without consciously recognising it. Life became comfortable, the urgency disappeared, and the business began operating within the same familiar range.The problem may not be laziness or a lack of ability.Your business may simply have outgrown the goals that once drove it.You’ll discover:Why arbitrary revenue targets rarely create sustained motivationHow founders can achieve their original goals without noticingWhy comfort can cause both the owner and business to plateauHow personal purpose influences commercial ambitionWhy Peter recommends conducting a five-year life resetHow to distinguish genuine desires from things you think you should wantWhy goals need enough detail to become meaningfulHow to calculate the financial requirements behind your intended lifeWhy your partner should be involved in long-term planningHow a new direction can unlock different business decisionsA five-year plan does not have to be a shopping list.It might include time with your family, meaningful experiences, financial resilience, contribution, health, a future exit or a business capable of operating without you.Once the desired destination becomes clear, you can ask better commercial questions:How much profit and cash does the business need to generate?How valuable does the company need to become?How much of the founder’s time should it require?What capabilities must the team develop?What must change for the business to work without depending on the owner?Growth is not automatically the goal.The goal is to build the right business for the life and future you actually want.CONNECT WITH PETER BOOLKAHWebsite: https://www.boolkah.comLinkedIn: https://www.linkedin.com/in/boolkahInstagram: https://www.instagram.com/pboolkah/Facebook: https://www.facebook.com/BoolkahX: https://twitter.com/boolkahABOUT PETER BOOLKAHPeter Boolkah is a business coach, author and speaker who has spent more than 20 years helping business owners build stronger, more valuable businesses that do not depend on them for everything.He is the creator of The Hamster Wheel Trap® and author of Your Business Sucks: Build a Business That Works Without Destroying Your Life.Peter works with founders and leadership teams on the issues that ultimately determine whether a business creates freedom or becomes another job: leadership, founder dependency, people, profit, execution, scaling, exit readiness and enterprise value.His approach is direct, practical and built around one simple question:Do you own the business, or does the business own you?Learn more at https://www.boolkah.com

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Send us Fan Mail Why do you want to grow your business? If your answer is simply “to reach £1 million” or “to reach £2 million,” Peter Boolkah has another question: Why that number? Many founders pursue arbitrary revenue targets without connecting them to anything they genuinely want from their lives. In this solo episode, Peter explains why a founder’s original goals can eventually stop motivating them. When you were younger, you may have wanted a particular home, greater financial security,...

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Feeling Stuck? Your Business May Have Outgrown Your Goals

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