9 Warning Signs You May Stuck In The Middle of Your Business
Manage episode 364155710 series 3478521
If you were to draw a picture that visually represents your role in your business, what would it look like? Are you at the top of a traditional Christmas-tree-like organizational chart, or are you stuck in the middle of your business, like a hub in a bicycle wheel?
As anyone knows who's tried to fly United when O’Hare Airport has been hit by a snowstorm, a hub-and-spoke model is only as strong as the hub. The moment the hub is overwhelmed, the entire system fails.
Acquirers generally avoid hub-and-spoke managed businesses because they understand the dangers of buying a company too dependent on the owner. So this week, Chip reveals the nine warning signs you’re a hub-and-spoke owner. We'll also discuss suggestions for pulling yourself out of the middle of your business.
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