Do You Have a Self-employment Agency or an Autonomous Standalone Business?
The Boardroom UAE
Get your roadmap to scale your business sustainably and profitably leveraging 12 CEOs minds in our peer advisory boards.
Fellow business owners,
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As we rapidly approach the final quarter of this year, it's a crucial time to reflect on our entrepreneurial journey. We understand that as passionate business owners, your goals go beyond just survival. It's about thriving, making each effort count, and ensuring that your business not only sustains itself but also flourishes.
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In this edition of our newsletter, we delve into a pivotal topic: the distinction between a Self-employment Agency and an Autonomous Standalone business. Understanding this difference can be a game-changer in how you steer your enterprise. We're excited to provide you with insights that can potentially reshape your business strategy as we move forward together.
Let's maximize our efforts, embrace innovation, and ensure that every day in the business world counts. Join us in this exploration of what it truly means to build a thriving, self-sustaining business.
What is a Self-employment Agency?
A self-employment agency is a business where owners are hands-on in every aspect, from designing and enabling a value-creating business model, to the day-to-day tasks of dealings with their clients.
They're the heart of the operation, and success hinges on their personal touch. While offering the perception of independence, these businesses face limits on their ability to scale sustainably due to all actions and decision being centered around them.
It's a juggling act between work and life, making them challenging to grow. If you watch this video below, you’ll know exactly what a Self-employment Agency is: https://youtu.be/3TNVLBZK2Sw?si=G-jz2_Usz7ojBq7h
What advantages come with building a Standalone business?
The time and effort you commit to constructing a standalone business can be the catalyst for transforming it into an investment powerhouse that generates consistent, passive income-bearing returns.?The worth of your business will grow significantly over time.
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Now, consider this: in a self-employed venture, profitability is intricately linked to your personal capacity and direct involvement. This connection plays a pivotal role in determining the business's valuation upon exit, often represented by the price-to-earnings (PE) ratio.
Conversely, with a standalone business, profits are generated autonomously irrespective of your direct involvement. Consequently, such a business holds greater value in the eyes of potential buyers. This will make a lot of sense to you if you watch this video below: https://youtu.be/Sn0Halpua_0?si=RNnsNXeS7lgU-gLu
Now, as we have explored the concept of building a standalone business, you might be wondering how to navigate the path from a self-employment agency to a thriving standalone enterprise.
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At The Boardroom UAE , we offer a unique support system that aligns perfectly with this journey. Our peer advisory boards are curated with 12 experienced CEOs and business owners who can provide you with the insights, guidance, and support needed to transition from a self-employment agency to a standalone business that generates consistent, passive income.
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These boards act as a bridge, offering fresh perspectives, innovative strategies, and a wealth of knowledge that can help you transform your business. With their wise counsel, you can maximise your efforts, embrace innovation, and ensure that your business not only survives but thrives.
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Book a 20-minute call with us today and let’s see if The Boardroom can be that strategic arsenal guiding your next business decisions: https://www.theboardroomuae.com/meeting-and-forms/book-a-call
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The Boardroom UAE
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