Are You Running a Business or a Practice?

Avatar Posted by kkochenberger under Strategy
From http://thoughtleadershipleverage.com 4211 days ago
Made Hot by: PMVirtual on May 21, 2013 10:59 am
There’s a big difference between running a business and running a practice. A practice is dependent on you as the author or thought leader to deliver all the solutions that generate revenue. A business is an asset that can ultimately be sold, that generates cash flow and recurring revenue.





Comments


Written by BizRock
4209 days ago

This is a great, informative article.

Thanks for sharing your insights with us. I hope to see more of your content here soon...



Written by AngelBiz
4211 days ago

Very interesting and thought provoking article. The transition from practice to business involves creating repeatable process / tool / template that can be handed over to someone without sacrificing the quality of the output. This is the same difference as running an independent business and creating a franchise that can be operated by others.

This is the only way you will be able to scale your business without you being involved in every aspect of running it.



Log in to comment or register here.
Subscribe

Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!