• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Adverticia

Advertising Strategies for Today's Media World

  • Home
  • Topics
    • Business Tips
    • Construction
    • Family
    • Fitness
    • Furniture
    • Health
    • Swimming Pools
    • Technology
    • The Arts
  • Ask a Question
  • Contact

How Can Owner Dependence Hurt Your Transportation Business?

Last updated on August 12, 2013 by Sozo Staff 1 Comment

You’re an entrepreneur, and you take pride in your business. Even though your business may be your greatest asset, micromanaging every aspect of it can make it too dependent on you. If that’s the case, the danger is that it can’t survive without you. From lenders to prospective buyers, many professionals may potentially see the down side of your company’s owner dependency.

As was said to be a key strength of Steve Jobs, arguably one of the most effective CEOs of our time, “The mark of a good leader is being able to build a team that can function even when that leader is absent.” That kind of leadership can impact your business for the positive, in ways beyond finances, as well.

Unclear Value

When high owner dependence is in place, accurately valuing a transportation business is difficult, at best; it may actually be impossible. From special skills to personality, an overly involved owner can be a main determinant in a business’s continued success. Of course, such a situation is measurable only once that owner is absent. When instead of being overly involved, an owner has effectively communicated vision, philosophy, and core operational policies and procedures to employees, that business stands to benefit from his leadership far after his involvement has ceased. Only when he steps back from the everyday details of the business can such a legacy be measured, though.

Limited Potential

Would you prefer to purchase or finance a business that’s thriving, or merely surviving? Businesses with continually over-involved owners tend to limp along, the owner as the only crutch on which to lean. When the leader of a business is constantly bogged down by everyday aspects of business and is the only one to communicate with various outside contacts, pursuing a vision is nearly impossible. Instead of exploring opportunities for greater efficiency, investment, and growth, the micro-manager has his eyes fixed on minutia that others could be trained to handle. The result is a handicapped business that could be thriving.

Dependence Reduction

The process of reducing dependence may seem painful, at first, but it can also be freeing and encouraging to the successful leader. Each area in which you train someone else to work effectively is one in which you have succeeded in providing lessened financial risk and an increased business value. As you passionately communicate your values, you set your business up to succeed beyond the point in which you are involved. When it’s time to sell, you’ll receive the rewarding dollars and well-earned pride in your ability to provide truly valuable leadership.

To learn more about how transportation business owners can increase their business’s value, contact a reputable transportation business broker.

Filed Under: Business Tips, Transportation

Additional Articles

What to Expect as a New Limousine Business Owner
Having an Exit Strategy for Selling Your Business
First Steps in Selling a Transportation Business
Don’t Let Your Business Exit Strategy Fail
3 Keys to Being a Top-Notch Seller
Three Things to Keep in Mind When in the Market for a Transportation Company

Reader Interactions

Comments

  1. Josh says

    September 5, 2012 at 3:09 pm

    I like that Jobs quote – “The mark of a good leader is being able to build a team that can function even when that leader is absent.” That’s really hard to do, though.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

six + 19 =



Primary Sidebar

Lyon Financial
X10 Home Automation

Popular Articles

  • Stop Hiding Your Phone Number, Walmart.com
  • Dance Studio Management Software Review
  • Should I Use Ipe or Teak?: Two High End Lumbers Explained
  • How do They Get Those Surgical Instruments So Clean?
  • Are Your Shoulder Blades Crooked?
  • The Bedroom Source: Maxtrix Furniture for Kids
  • Septic Tank Pumping in Mooresville, NC
  • Top 3 Household Hazards for Kids
  • Getting Started with X10 Home Automation
  • Why a Swimming Pool Is a Great Addition to a Healthy Lifestyle
  • Certified Personal Fitness Trainer in Harford County, MD
Lyon Financial

Recent Posts

  • Ipe Wood – Facts about Brazilian Walnut
  • When Dieting & Exercise Don’t Work
  • 5 Things You Should Know Before Purchasing A Reclaimed Wood Table
  • Tips on Losing Fat from a Certified Personal Trainer
  • When to Hire a Personal Trainer
  • A GOOD Fat to Have
  • Personal Fitness Trainer – Serving Bel Air, Forest Hill, MD
  • Entertainment Centers & TV Consoles: 8 Things to Know Before You Buy
  • How Does Your Church Welcome First Time Visitors?
  • Infant & Toddler Swimming Pool Safety
Lyon Financial

Reader Feedback

  • Norie Rie on 3 Options for Pool Heating
  • Afton Jackson on Wood Flooring: Environmental & Economic Benefits
  • Zoey Bac on 3 Options for Pool Heating
  • Karen M. on 3 Options for Pool Heating
  • Jacky Clemente on 3 Options for Pool Heating

Copyright © 2023 Sozo Firm Inc · Privacy Policy · Disclaimer · Sitemap

Adverticia.com does not provide medical advice, treatment or diagnosis; content on this website should not be utilized for medical treatment or diagnosis. The information provided is intended for general consumer information and should not take the place as a substitute for professional medical advice.