Category Archives: Profit Builder Circle

Last Chance to Register for the Profit Builder Circle Academy

Profit-Builder Circle Academy
July 26 & 27, 2012
Newport Beach, CA

Last Chance To Visit Me In California?
For those of you who have requested I hold my Profit Builder Circle Academy in California, here’s your last chance to get the 50% discount.

 

 

Day 1 – GET YOUR BIZ TO WORK!
The BIZ-Success Blueprint For Contractors.
Strategies, Systems & Structure To Grow & Make A Profit.

Day 2 – GROW YOUR BIZ!
How To Find New Customers & Win More Contracts.
Steps & Strategies To Overcome The Low Bid Process.

You’re Invited!
We will have a small group attending. So this guarantees you’ll get lots of personal attention from George Hedley. The cost includes a detailed workbook, a copy of his new book and 2 complete days with George who’ll teach you how to grow and make a profit.

The regular price is $1,997. But, for this July Academy, the cost is only $997. PLUS – additional attendees can attend for $297.

Register today – email leanne@HardhatPresentations.com for the brochure and registration form.

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2 DAY INTENSE BIZ-BUILDING BOOT-CAMP

2 Day Intense BIZ-Building Boot-Camp
June 14 & 15, 2012 – Charleston, NC
July 26 & 27, 2012 – Newport Beach, CA

“HELP! I’m Stuck! I Want My BIZ To Work!”
Want To GROW Your BIZ In Tough Times?
Want More Bottom-Line PROFIT?
Want A Great Management Team?
Want Written Goals & Plans?
Want Organized SYSTEMS?
Want To Let Go & GROW?
Want New Customers?
Want To Make More $$$?

Stop waiting for the economy to turn around!
Let me help you get your business back to work!
Profit-Builder Circle Academy 2 Day Boot-Camp Outline

Day1: Get Your BIZ Back To Work!
How To Build A BIZ That Grows & Always Makes A Profit!

Most business owners work too many hours for the money they make. They’re too hands-on, stressed-out, out of control, over-worked and under-paid for the energy they put into their companies. They’re stuck, don’t know what to do next and need help!

Learn how to take your company to the next level, get organized and in-control, create a dynamic organizational chart and management team, develop operational systems, design a working marketing plan, develop streams of steady income, build equity, create wealth, and get your business to work for you.

George Hedley, professional business coach, author of the bestseller: “Get Your Business To Work!” and a “Entrepreneur of the Year” award winner will share how to implement his proven step by step system. You can get the results you want without your full-time hands-on, make-every-decision supervision by making sound decisions so you can enjoy the benefits of a growing company.

Upon completing this program, the participant should be able to:
1. Create a written business plan with targets and goals for growth, people, sales, systems, and profit.

2. Build a business that works, replace yourself with operational systems and build your company to meet your goals.

3. Develop written BIZ-Systems to always make a profit, market and sell, find and keep great people, get organized & in-control.

4. Create an organization and team that allows the owner to let go of control and focus on priorities that make a difference in the bottom-line.

Day 2: Grow Your BIZ!
Find New Customers, Win More Contracts & Stop Selling Low Price!

Being low bidder won’t win enough profitable work today! To develop a successful BIZDevelopment action plan to grow your BIZ, generate more sales and win more construction contracts, you’ve got to give customers better reasons to award your company work.

Learn how to improve your estimating and bidding strategy, set your company apart from the competition, differentiate, build loyal customer relationships, seek better opportunities, get on the right bid lists, find more viable leads, convert proposals into contracts, improve your professional presentations, develop an effective bid follow-up system, and track your bid-hit ratio.

You’ll leave with a winning marketing & estimating template and calendar to build loyal customer relationships, negotiate more work, offer more than low price, and get in front of decision makers to win more work.

Upon completing this program, the participant should be able to:
1. Implement a winning BIZ-Development, marketing, sales, proposal, estimating and bidding strategy to win more profitable customers and contracts.

2. Develop an action plan, template and calendar to find new customers, markets, projects,and value-added services to win more work.

3. Get in front of decision makers, negotiate to win, present professional presentations, and follow-up to win more negotiated work.

4. Build loyal customer relationships, set your company apart from the competition & offer more than low price.

5. Add more services to generate ongoing steady work.

Don’t Be Left Out!
Sign-Up Today To Get The 
50% Discount!
Expires May 21, 2012 

Email me for more information, a complete brochure or the registration form:
Email: GH@HardhatPresentations.com

Fill The Seats Or Go Broke!

If you were the owner of a NFL football team, your number one goal would be to fill all the seats every week. To fill seats takes a multiple approach. You must put a winning product on the field and you must sell seats. Seats don’t sell themselves. It takes a huge effort to create sellouts at profitable ticket prices.

Over the last ten years, you didn’t have to sell very hard to keep profitable revenue flowing into your company’s coffers. If you put a mediocre team on the field, called the usual plays, and used an average business strategy, your customers would keep coming back for more, if your price was somewhat competitive. And because business was plentiful, you didn’t have to try to win over many new customers. You stayed focused on doing the same type of work for the same type of customers and your business grew. Because there was enough work, you also didn’t have to try different types of projects, customers, or contract delivery methods. In fact, you even prided yourself as a specialist in a very focused type of business niche.

Fast forward. Today it is hard to fill the seats, revenue is scarce, and customers are hard to find. Having a winning team doesn’t matter if they can’t find a game to play in. You’ve cut your overhead and reduced your expenses as low as you can to survive. You continue to bid more and more work against too many competitors at lower and lower prices. Now you are even calling on new and potential customers you really never wanted to work for. You’re trying to get on any bid list you can including public works, which you always avoided because of the paperwork and prevailing wage issues. You’ve assigned your office manager or estimator to cold-calling and emailing any lead they can find in hopes of a miracle. Nothing is working and getting new business at a reasonable price is next to impossible.

Now what? You’re thinking you’ve got to fill the seats with paying customers or go broke. If the sudden slowdown in the economy taught everyone one thing: ‘Putting all your eggs in one basket won’t work forever.’ Many contractors and business owners focused their efforts on doing only one kind of project and service for one type of customer. For example, to keep revenue and jobs flowing in, many focused on only building housing tracts, or shopping centers, or industrial parks, or custom homes, or office building interiors. Some focused on building for general contractors, developers, or home builders. Some expanded and did more than one type of project. But, most didn’t crossover into totally different or diverse types of work. And offering a service component to their revenue stream wasn’t even considered as they were too busy to mess with little jobs.

Multiple streams of income sells more seats!
A diverse business plan includes three types of revenue streams with many different types of projects per stream. For example, here is a partial list of the unlimited revenue and business opportunities contractors have to choose from:

Multiple Revenue Streams & Opportunities          

1. Contracts & Bids

Private Construction
Retail shopping centers
National chain stores
Industrial buildings
Manufacturing & factories
Metal buildings
Office buildings
Banks
Medical buildings
Hospitals
Self storage
Renovations
Interior Improvements
Utility Company Projects
Housing Tracts
Custom homes
Residential remodeling
Residential home upgrades
Residential replacement work
Site improvements

Public Works Construction
Schools
Offices
Hospitals
Facilities
Roads & highways
Transportation projects
Sewer & water projects
Storm drain systems
Plants

2. Service Work & Ongoing Accounts

Ongoing Monthly Or Annual Accounts
Property management
HVAC maintenance
Electrical maintenance
Plumbing maintenance
Landscape maintenance
Site service & management
Spring & winterization
Light bulb replacement
Roof service
Road and drainage repair work
Generator service
Energy management & controls

Repairs & Service To Fix Broken Components
Plumbing & mechanical repairs & upgrades
Window replacement
Tenant improvements
Tenant relocation
Carpet and flooring service
Building damage repair
Clean-up and debris removal

3. Wealth Building & Passive Income

Own income producing real estate

Rental homes
Apartments
Shops and yards
Industrial buildings
Offices
Shopping Centers

Own income producing businesses
Rental equipment companies
Wholesale materials
Supplier
Services Continue reading

The Business Do Over!

In sports, the coach gets to start over every season. Winning coaches look at their past records and make positive decisions of what they need to drastically change and achieve better results. If they continue to play the game the same as they did last several seasons, they won’t continue to build and win. They have to look at how they play the game, players, coaches, methods, offense and defense, training, strategy, and tactics.

Now imagine it’s your turn to start a new season. You are the coach of your business and want to keep your job and make a lot of money for the owners. What should you do differently to win the game of business? What tough decisions should you make? What new plays will you call? What players should you replace? Where should you play the game and how? Will you keep doing what you’ve always done or decide to do whatever it takes to grow your business and make a profit? Below is the list of the top “Do-Overs” I hear from the many business owners I have surveyed.

Do-Over # 1: Invest Sooner Than Later!
When your business was busy, you didn’t have enough time to stop and look for investments. And you were growing, so most all of your cash-flow went to fund your company’s growth. The snowball effect was keeping you excited as your business got bigger and bigger. It was like a shot of adrenaline as you did more and more work. The more you grew, the bigger you wanted to get. Volume is addictive, so you bid work too cheap and never missed an opportunity to grow or gain a customer. Everyone thought this gravy train would never end. Continue reading

What Is Your Bidding Strategy?

After you have established reasons why customers should hire your company, now it’s time to find jobs to bid where you can be successful. Your overall estimating and bidding strategy is to get enough signed contracts at your price to cover your job costs, overhead, and then make a profit. This requires several winning plans. The first strategy is to have a strategy! Many contractors bid any job they are offered to bid. They don’t have a strategy that helps them decide which jobs to bid and when to say no. What’s your estimating and bidding strategy?

Before agreeing to bid a project, create a list of questions to determine if you will have an excellent chance to win the contract.

 1. Do you want to negotiate the project?
– How will you convince the customer to negotiate with you?

2. Do you want to be the select or only bidder?
– How will you implement this strategy?

3. Do you want to get the last look?
– How will you make this happen?

4. Do you know your bid-success ratio against your competitors?
– How do you keep track of your success versus competitors?

5. Do you have competitors you don’t want to compete against?
– How will you discover this information?

6. Do you have some competitors you will bid against?
– How will insure the bid list gives you a chance to be awarded a contract?

7. Do you have an ideal number of bidders you’ll bid against?
– How will you insure this happens?

8. Do you have a maximum number of bidders you’ll bid against?
 – How will you decide when not to bid a job? Continue reading

Contracting is not just about construction!

How can construction companies increase their steady stream of ongoing reliable sales income regardless of the economy? What type of ongoing revenue can your company, employees, infrastructure, technical skills, reputation, equipment, knowledge, customer base, experience, or potential generate? Attendees of my two day Profit-Builder Circles come to learn how to get their business to work the way they want them to and then take them to the next level. As I look back over the hundreds of past attendees, the business owners who are the most successful are the ones who have two types of contracts, revenue sources, customers, and business models. They do both lump sum contracting work plus have a significant amount of their revenue come from steady ongoing service accounts.

These successful contractors don’t rely solely on bidding single jobs, one at a time, to generate most of their revenue. When you mainly rely on bidding or negotiating work to win contracts, your business becomes ‘fast and furious.’ Your business is either hot or cold, fast paced or dead, busy or slow, and you cant’ control your workload and your revenue isn’t steady or reliable.

‘Slow & steady’ business keeps your crews busy as the workload keeps on coming regularly over and over every month. You can count on a steady flow of work as annual service contracts provide ongoing revenue. With steady regular service accounts, you can plan your schedule, workload, and cash-flow.

Multiple types of income, contracts, and revenue sources compliment each other. This business model allows these type of companies who do both bid and service work, to become very efficient, generate steady workflow for their employees, and create wealth for the owners. But they require two different types of management, sales efforts, cost accounting, customer service, employee training, professional standards, and marketing efforts.

Steve is an electrical contractor who has two separate companies that work together. He has a new construction division that bids to general contractors and does commercial projects, large shopping centers, and office buildings. He has ten steady general contractor customers who typically give his company enough work to make a small profit during good times.

As an offshoot to his contracting company, Steve started an electrical service company several years ago that installs, services, and maintains back-up power generators for homeowners, commercial facilities, industrial plants, hospitals, government buildings, and offices. This company seeks annual contracts for all service work required to keep customer’s buildings electrified during power failures. This specialty service work includes design, engineering, preparing studies, permitting, new installation, repairs, maintenance, testing, fueling, implementing technology, and ongoing monitoring work to insure the generators will work when needed. This service business has grown as he has focused on acquiring new customers, providing excellent customer service, regular weekly employee training, and lots of sales and marketing to attract potential customers. Continue reading

Slow and Steady Wins the Race!

My wife and I get up every morning around 6 am, start the coffee, and together we read the Los Angeles Times and USA Today. Last week I was traveling to the CONSTRUCT show in Indianapolis later that morning, so I didn’t have time to read every news section I wanted to. But I did read one newspaper article which made me think about the typical construction company trying to do business in today’s tough and slower economy.

In California, total unemployment is predicted to reach ten percent or more over the next few years. Construction unemployment is almost double that sad statistic. But the monthly statistics which got me thinking even more, were construction permits issued in the State. Commercial construction permit dollar volume was down 66% and residential permit dollar volume was down 75% since the peak years of 2005 through 2007. This is a horrible situation if you are a contractor in California trying to keep your doors open and make a profit.

At several large construction conventions I have spoken at this past year, I have repeatedly heard shocking and similar sales figures from national companies who supply construction materials like cement, drywall, light fixtures, and lumber. Your state might not be in as bad of shape as California, but it does make you think about your business model going forward.

What type of company would you own?
If you were not in the construction business, what type of company would you want to start, buy, or own? Would it be dependent on the Federal government or your State to produce enough budget money to insure there was plenty of work for your company to bid on? Or would it be dependent on potential customers to ask you to bid plans and specifications against an unlimited number of competitors – qualified or not? Or would it be a business where you were awarded contracts based on the lowest possible price, regardless of your capacity, reputation, service, quality, or workmanship. Would it be a business where you do all the work and don’t get paid for weeks after you finish? Would it be a business where you do a great job and then the next contract is awarded based on the lowest bidder? Or would it be a business where you do a great job for a customer and then they may not have another job for you to bid on for a few years, if ever?

Being a contractor is a hard way to make an easy living. Or not! Most observers think contractors make a minimum of ten percent net profit and have all the freedom in the world. But the reality of our business is that as you may build a better and better company, you are really at the mercy of the market and customers to create opportunities to generate your revenue potential. In other words you don’t create your own future. You are at the mercy of others to decide to build and then give you an opportunity to present a proposal. Continue reading

Can You Build Your Business Alone Or In A Vacuum?

Eastern USA Executive Round-table Peer Groups Forming Now

Business has been tough over the last few years. But the economy is finally at the bottom of the decline. Many of you have restructured and retooled. Some have made extensive changes and redrafted your business plans. And some of your competitors have closed their companies.

My expectation is that it can’t get any worse and now is the time to start regrouping and getting back into business in a bigger way.  Think about where you are now (not where you were). And what you need to do to double your current business over the next 3 to 4 years. Perhaps you need a new strategy, team, marketing plan, services, or customers. Whatever you need to do, one thing is for sure:

You Can’t Do It Alone!
With that reality in mind, I am starting a regular peer group program where you can meet with like-minded business owners to help each other see and do what it takes to meet your goals. I am opening the group to my Profit Builder Circle graduates and clients first and we will cap the group at 10 to 14 companies. So far I have 7 reservations including very successful business owners: masonry contractor, civil contractor, commercial general contractor, landscape maintenance company, apartment renovation contractor, mechanical contractor, steel building contractor.

I am personally inviting you to join us!
You understand the Profit-Builder philosophy and would be a valuable part of this dynamic group. I know you don’t want to spend the $$$ or time, but you need to invest in your future to get where you want to go. A few days twice a year will invigorate and energize your growth and allow you to actually talk to others facing the same issues you do. Plus it will be fun and you’ll build lasting friendships with other business owners you can call on during the year.

This is designed for business owners like YOU!
I highly recommend you consider this Executive Round-table Peer Group offer to join.  You will be a part of a compatible group of 10 to 12 focused company owners and can learn from how others make their companies work.  The group will meet twice a year for 2 days plus I will Phone Coach you several times between the meetings.

Join us at the first meeting in Atlanta – September 29 & 30th, 2011.
Please call or send me an email to reserve your place as a member of this group.

If you are tired of running your company alone, join us! You need a trusted group of advisers, like a personal Board of Directors who’ll help you make the right decisions how to grow your business and make more money. You can be part of a small group of compatible business owners in a regularly structured support group discussing & solving your issues.

Every business owner or principal can benefit from a personal board of advisers that meets on a regular basis. Today’s business executives face increasingly difficult challenges. Competition is fierce, resources are stretched and every day it gets tougher. Its lonely running your company yourself and making every decision without the benefit and input from other people who face the same challenges as you do. Now you can tap into the ideas and wisdom of a small group of success driven entrepreneurs in a professionally lead ongoing board of director’s style setting. As a member of an ongoing Executive Roundtable Peer Group, you’ll generate fresh thinking, new ideas and clear perspectives on what decisions you need to make.

The first meeting will be held in Atlanta and then rotate between member’s locations. (If we get enough West Coast members, we can then split off a Western USA group as well.) The locations will be from Central USA to Chicago to Washington DC to Atlanta and east.

SPECIAL OFFER
Join before July 15th, 2011 and receive a 10% discount on you first year’s dues. Plus the initial one time $500 start-up fee will be waived.

Shall We Talk To See If This Is For You?
Please call or email me to talk about how this program can help you build your business.

George Hedley CSP LPBC
Certified Speaking Professional
Licensed Professional  Business Coach
Author of ‘Get Your Business To Work!’

 HARDHAT Presentations
Hardhat BIZCOACH
– Helping Entrepreneurs & Contractors Get Their Businesses To Work!

     Email:  
gh@HardhatPresentations.com
Website:
www.HardhatPresentations.com

The Worst Case Scenario: What If You Lost All of Your Clients?

When work was plentiful, it was easy to stay busy doing the same things over and over to the same customers. You didn’t have to look for new ways to improve your business, new services to offer, or new customers to build relationships with. Just bid enough jobs to your same five or ten customers, you’ll get your share, and make enough money to stay in business. You really didn’t have to be the best, creative, or innovative. You just had to be as good as your competition. The old saying: “A rising tide lifts all boats” applied during the good times. But now as the tide goes out, all boats will go down as well.

During one of my recent “Profit-Builder Circle” two day business owner boot camps I hold every few months, I asked the attendees what they could do to make a profit if they lost all of their business in the next few months. Most didn’t have an answer. They were so used to doing the same thing and business the same way for so long, they were stuck. Most said they would just try to survive. Survive? Survive doing what? I again restated the question and asked them to consider that all of their sources of past business would be non-existent and they would have to do something different. Still no real good answers. Do you have an answer to the question?

As I started to dig deeper, David told us he was an underground utility, sewer, water, and storm drain contractor in Florida. Ninety percent of his customers comprised of track home builders and ten percent were public works and Cities. The good news was that over the last ten years he had built a large successful and profitable company doing over $8 million in annual sales. He had over 25 managers and supervisors, 150 field employees, 100 pieces of equipment, a large yard, an equipment manager, two full time mechanics, and a net worth in excess of $5,000,000.  The bad news his home builder customers had put all of their projects on hold indefinitely and he was now pursing more public works projects to keep his equipment and crews working. On these projects, the bid lists had grown to over twenty bidders, and the only way he could win any contracts was to price lower than his actual costs. Plus his $1,000,000 annual overhead expenses were starting to eat away at his net worth he had built up over the last five years. David didn’t know what to do.

I asked David how long he would last waiting for something good to happen. He said he could probably hold on for at least a year. How much would it cost? He said he would lose at least $2,000,000 per year trying to keep everyone working. I asked him if it was worth it to give up everything he had worked for just to keep his long time loyal employees and managers working while his nest egg depleted. His simple choice: keep the money or give it to employees hoping the economy comes back fast. Not an easy decision. Then I asked what his equipment was worth. He said he could sell all 100 pieces of his equipment for around $5,000,000 net after debt.

Now the real question for you: Why are you in business? Is David in business to put pipe in the ground, grow his equipment fleet, and pay his overhead expenses? Many business owners forget the purpose of their business is not to cover their costs, do work, and keep busy. It is to give them what they want. Do you want to only break-even by working hard, and keeping yourself, your crews, and equipment busy? Or do you want to own and build a company that produces a constant flow of money, passive income, equity, wealth, and freedom to you as the owner? Your business is a tool to deliver the results you want and fulfill your dream of business ownership.

David and I discussed his options in detail. Keep doing what he had always done and watch his future disappear. Or consider a radical change. If he sold eighty percent of his equipment; reduced his overhead by 20 people to one project manager, an estimator, and a few office staff; and just kept a few crews working; he could stay in business at a reduced break-even level of $1,500,000 in annual sales. That way, when the economy turns for the better, he could jump right back into the main business he excelled at and his company would be one of the last underground contractors still standing. Then he could take at least $3,000,000 generated from selling his equipment and invest it. I suggested he start looking to buy under-market and under-valued fixer upper homes in good locations that could rent out easily to families at break-even lease rates. I recommended he seek single family homes in clean and safe neighborhoods near business centers, schools, shopping centers, hospitals, and government offices. He could utilize his crews during down times and when work was slow to do the repairs and refurbishment on his investment properties.

David made a goal to sell much of his equipment fleet and invest $3,000,000 to purchase 100 houses (100 houses @ $125,000 average price = $12,500.000 in value) within the next six months. If each home appreciated at least 25% over the next three years, his $3,000,000 investment would reap him at least $3,125,000 in net profit. This is a lot more than his construction company would have ever made, even in good times. David realized that his business was not the end, but a means to an end to ultimately get what he wanted.

Re-View, Re-Do & Re-New

12 Steps To Re-Vive Your Business (Part 1 of 4) 
Re-Bound | Re-Start | Re-Balance 

It’s the start of a new season for your team. Over the last several years your team has won more games than it has lost but it still hasn’t won a league championship. Always close but never the premier team that every other team aspires to become. Your team owners are a little frustrated with your performance and want a winner. Second or third place won’t cut it much longer. Your stockholders want a better return on their investment and are threatening to replace you if major changes aren’t implemented and things don’t get better fast.

As you reflect on your company’s past successes, challenges, and failures, how was your performance? Would you have won a championship with your business strategies, managers, players, training program, systems, and plays? Now it’s the start of a new season and you want to become the best team in your league. Should you call the same plays with the same players? Should you keep the same management team and use the same strategy? Should you play the same game with the same equipment?

Think of the premiere teams in sports history. They include the Boston Celtics from 1959 thru 1966, the Green Bay Packers from 1960 to 1968, or the New York Yankees almost every year since 1922. What sets them apart? In almost every great winning professional or college sports organization is a tough, focused, decisive owner or coach. These winning leaders are not afraid to make tough decisions, change their strategies, move players around, replace poor performers, try some new plays, and surround themselves with the best management team in the business.

What do winners do at the start of every season? They RE-VIEW their past performances and analyize what changes are needed to become better over the next season. They rate their strengths and weaknesses, weigh their current situation, and look at their competition. Then they decide what changes they need to make. Now it is your turn to be a championship winning coach and build the best company in your marketplace. What do you need to RE-DO?

1. Re-Bound!
First and foremost, complaining about your competition, customers, employees, or the economy won’t win any games. It only makes things worse and demoralizes those around you. Do you think winning coaches talk about all the reasons they can’t win enough games? No, they get focused on the positive things they can do to build a winner. I am so tired of listening to poor business performers talk about how bad it is. No wonder they can’t build profitable companies, get customers to hire them, encourage their people to perform at a higher level, or grow their business. They are the problem. They focus on the negative instead of the positive. In order to build a winner and achieve bigger results than your past performances, look for opportunities to improve your company, change how you do business, leverage your time, motivate your team, call new plays, find new players, and RE-BOUND at a higher level.

2. Re-Start!
Forget about how you’ve done business in the past. It wasn’t good enough then and won’t give you the results you want in the future. In order to become the best and most profitable company in your market, start with a clean sheet of drafting paper. What would a winning team look like? How would it be organized? What would be your role? What type of customers would it serve? What type of projects would it specialize in? Would it sell low price and be at the mercy of its’ customers to decide if it gets new work, or would it create a service that customers seek, want, demand, and pay top dollar for? Business owners get stuck in their own rut doing business the same way with the same customers expecting things to change. Be a winning coach. Don’t be afraid to RE-START by changing your line-up, plays, strategy, and how you run the team.

 3. Re-Balance!
Do you remember the reason you went into business? To build a profitable company that works without you doing all the work, is organized and in control, and run by your management team. The end result of your risk taking should be freedom and wealth. Not hard work and little money. Never forget the main reason for owning a company is freedom and time to enjoy the benefits of business ownership. Put yourself first, not your customer or employees. You can’t serve customers well unless you are refreshed, healthy, and full of energy.

Dedicate time to RE-BALANCE your life and daily activities. Find time to do what you enjoy doing outside of work. Block out Friday afternoons for your hobby, or Tuesday mornings for time with your family, or Wednesdays for community or charity volunteer work. If all you do is work, what’s the point of owning a company? Don’t miss out on the benefits of hard work and taking business risk.