The Hands-Off CEO Blog

She Found $84,000 of Extra Profit Hiding in Her Business

A friend and business colleague of mine was working at thriving seven-figure marketing firm. Suddenly, the owner’s spouse became seriously ill. The business was so dependent on him, so he had to make a choice. He made the right one, and dropped everything to be with her.

The next month his successful business, dissolved. And his whole team was out looking for a job.

All those years building the company… were gone in just days.

Contrast that to one of our Hands-Off CEO clients. She had a solid, agency a little below $1MM. But it was too custom and dependent on her so they couldn’t grow. She worked too much, and didn’t take home as much she deserved.

She wanted her weekends back, and within 2 weeks working together, she was able to cut 11 hours off her work week. And stopped working weekends altogether.

In one hour she also found $84,000 of extra profit hiding in her business, which went directly to her family.

But she didn’t stop there. We streamlined her services into an offers that added a lot of value, with a fraction of her time. Growth was happening, her team stepping up, and she took off more time to be with her family.

Then about 6 months in, she dropped off without a word.

This is hard for me to share publicly which is why I keep her name anonymous. But I got an email a couple months later explaining what had happened. Her husband had suddenly passed away. And she had dropped everything to be there for her grieving teens.

It was so sad. But fortunately, the work that she did to grow the company, had also gotten her more and more out of the day-to-day. She expressed both her gratitude and shock that her business was running 100% without her.

Nine months later, her company was still generating income, completely without her, and with the highest cash reserves ever.

Fast forward a couple years and she introduces me to the new owner of the business who she sold the company to.

What would be possible for you if your company wasn’t so dependent on you? If your time wasn’t the growth bottleneck? If you were confident that the margins were there to replace yourself in the day-to-day– without quality dropping? How much could you grow the company if you knew that your team could manage without you, and you that outcomes actually improve as you scale?

That is the kind of growth that is possible as you become a Hands-Off CEO.

Is the Hands-Off growth path right for you?

Are ready to get your team to step up, and OWN whole parts of the business? Even if it didn’t work last time, and scares you a bit. Are you ready to profitably scale your custom services AND still create amazing outcomes for your clients? Would you just LOVE to immediately free up 10 extra hours every week to accelerate your profits?

If you answered “Yes” to any of the above, then maybe we should chat. If you’d like to see if this might work in your business, then go here and apply to have diagnostic session with a member of our team. Handsoffceo.com/apply

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Let us help you Scale to Freedom

Build a team that runs the day-to-day without you, increase profits, and achieve $1M in revenue — and beyond. Apply for a complimentary Scalable Growth Diagnostic Session.

Mandi Ellefson helps service businesses with the tricky task of becoming scalable. Her passion is helping freedom seeking entrepreneurs scale the better way– for success in their business and in the rest of their life. Out of a decade+ experience and testing as a business manager, and then building and selling a design business, Mandi has created a system that is responsible for generating tens of thousands of dollars of new revenue for businesses she's worked with.

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