How to Set Up a Company That Earns 8 Figures WITHOUT You | E264

24-10-2022 • 1 hr 3 mins

EPISODE 264: What happens if you step away from your business for a week or a month? Would it thrive, survive or fail?

Is it even possible to run a business without you yet making eight sales figures?

Yes, it's possible! Someone cracked the code, and that's what you are about to learn today.

We have Marc-André La Barre of Lib. as our guest for today, and he'll let us in on his secrets on what makes his design and construction service company runs like a well-oiled machine with little to no involvement from him. (His company just made $14M in sales on commercial services last year.)

In today's episode, Marc and I will dive deeper into ...

- His company's core values and how those translate to success

- How to design a business that runs without you?

- The mindset shifts needed

- and a whole lot more

If you're a visionary who thrives in new business ideas and wants to create a business that runs without you, then you shouldn't miss out on this.

Let's get started!

Key Takeaways:

Introduction (00:00)

Meet Marc (01:02)

How did it all started? (01:56)

From residential to commercial services (10:38)

What is Lib and what are its core values? (16:38)

How do Lib's values show up for its staff and clients? (19:44)

Marc's interpretation of E-myth (23:31)

How to design a business that runs without you? (27:08)

On trusting your staff and making mistakes (39:38)

Why share equity in your business? (43:31)

Mindset shifts needed for success (45:36)

Episode wrap-up (59:18)

Additional Resources:

- FREE online training workshop: Get Out of Your Construction Business: How to Make it Run Without You here

- Learn how to recession-proof your business here

- Work with our team to systematize your business here

- Books mentioned in this episode:

The E-Myth by Michael E. Gerber
Rocket Fuel by Gino Wickman and Mark C. Winters
Traction by Gino Wickman
Power to the Edge by David S. Alberts and Richard E. Hayes
The 4-Hour Workweek by Timothy Ferriss

Connect with Marc:

- Visit Lib’s company website here

- Or email them at info@lib.space

The Construction Leading Edge Podcast helps construction business owners maximize their revenue, eliminate chaos, systematize their work, and win back their time.