Is Your Business an Asset or a Liability?
As entrepreneurs, we often start our journeys with dreams of creating freedom—financial, personal, or otherwise. But as I’ve learned, the real question isn’t just about starting a business; it’s about evaluating whether the business you’ve built is an asset or a liability. This distinction can make all the difference between a life of compounded success and one tied to perpetual struggle.
Where: The starting point for many entrepreneurs is the desire to deliver value to the world through their unique gifts. However, the path we take often determines whether that business brings freedom or chains. A liability drains your resources—time, money, and energy—while giving little in return. In contrast, an asset creates a multiplying effect, compounding its value over time and freeing you to focus on growth.
Why: The “why” behind this evaluation is simple: sustainability and long-term freedom. Many entrepreneurs, especially those who look like me, unknowingly create businesses that operate as liabilities. These businesses take more than they give, tying us to constant work and preventing us from building true wealth. What was meant to provide independence ends up feeling like handcuffs.
In the self-employed space, we’re often stuck in a cycle of buying our own jobs—working tirelessly day in and day out. This is not the same as owning a business that works for us. The difference lies in whether the business operates as an asset—something that compounds value—or a liability that merely adds to our workload.
What: To shift from liabilities to assets, start by asking yourself these critical questions:
• Does my business produce value that compounds over time?
• Are there systems in place that allow the business to operate without me?
• Is my business multiplying my life, or is it merely adding—and potentially subtracting later?
True assets create a compounding effect. They multiply their value, whether through interest, passive income, or scalable systems. On the other hand, businesses that only add without multiplying eventually lead to subtraction and division. For example, a business reliant entirely on your constant presence and energy is a liability in disguise—it takes without giving back.
The shift from self-employed to investor is key. As an entrepreneur, your goal should be to own businesses, not just work in them. This means building systems, leveraging resources, and focusing on scalable models that allow your business to thrive without your daily input. When you create businesses that can generate income and freedom simultaneously, you’re no longer just adding value—you’re compounding it.
Key Takeaway: Addition without multiplication is unsustainable. Your business must work for you, not the other way around. The question to ask yourself is simple but powerful: Is my business an asset or a liability? If it’s the latter, it’s time to reimagine and rebuild.
Assets give you freedom, scalability, and wealth over time. Liabilities take more than they give, leaving you stuck in a cycle of diminishing returns. Choose wisely. The world doesn’t just need your gift—it needs it packaged in a way that multiplies value for you and those you serve.
“Two Books, One Mission: Your Guide to Clarity and Purpose”
Ready to take the next step in redefining your goals and gaining clarity? Discover the tools and insights you need with my books:
📖 Where Why What: Unlock the Secret to Clarify Your Goals – Learn how to clarify your vision, take intentional action, and achieve your dreams.
📖 The Where Factor: From Adoption to Entrepreneurship – A powerful book aligning past, present, and future for success.
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www.TheChrisChaney.com 