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From Scott Allen, for About.com

Solving the Million Dollar Mystery: 4 Steps To Create A Turn-Key Business

Friday July 1, 2005
Many entrepreneurs have built a successful business but been unable to really enjoy it because the business can't run without them. They end up trapped by their own success. Financial freedom isn't really freedom unless you also have the time to enjoy it. And you can forget about running multiple businesses if you can't get them to the point that they run themselves day-to-day.

It's also hard to sell a business that relies heavily on the owner just to function. While a transition time is normal, potential buyers typically want a business that they can either take over quickly themselves or that they can hire a professional manager to run.

If you want true financial freedom, or are planning to sell your business, you want to create a "turn-key" business that any qualified person can step in and run. First you have to learn how to effectively delegate. In this article, guest author Stephanie Frank lays out 4 simple steps to stop doing everything yourself and start delegating. Read more...

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