She Went From Five Days a Week to Two and the Company Grew Faster

Episode Description:

Elizabeth talks with Ariel Steele, who has owned Tax Credit Connection in Colorado for twenty one years and who spent most of those years believing the business could only run through her. Ariel walks through the burnout that started the shift, the three years it took to build a team that could carry the work, and the mindset changes that had to come first. She still owns one hundred percent of the company and now works two days a week. This one lands squarely on role release without an ownership change, and it gives listeners a practical look at what an owner does with the time on the other side. Tap or click the play button below to listen to She Went From Five Days a Week to Two and the Company Grew Faster.

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Most owners assume the business runs through them because it always has. Ariel Steele believed that for about twenty years, and then she changed it. 

Ariel bought Tax Credit Connection at the end of 2005, when the company was barely a year old, after six months of running it for the previous owner. Twenty one years later she still owns all of it. What has changed is everything about how her week looks. She works two days, her five employees handle prospecting, contracts, negotiation, wires, and closings without her review, and she could be gone for a month without the company missing a step. 

Elizabeth frames the move against the three part structure she uses in transition strategy, which separates role, big decision making, and ownership. Ariel released most of her role and shares a good deal of the decision making with her management team while keeping full ownership. That combination is what a lot of owners want and very few name out loud. 

The honest part of this conversation is how long it took and what got in the way. Ariel spent years thinking the answer was the right hire or the perfect formula. It wasn’t. She was holding on too tightly, and the people around her had no certainty about what their jobs actually required. Once she got clear on that, the build itself ran about three years of documented processes, training videos recorded during every training, and better tools so everyone knows when their part comes up. She also stepped down in stages, moving from five days to four to three to two, and every time she took a day back she had to decide what came off her plate and which meetings she was leaving. 

The second half turns to what happened with the time. Ariel wanted to be bored and never quite got there. She spent a year on health optimization and calls it a failed experiment. She traveled to India with her parents, helped them with a book, and eventually asked herself why she was so much happier than she had been a few years earlier. That question turned into Unexpected Happiness, a long format interview show where she talks with people who have come through serious personal challenges about how they managed themselves through it. She hired a producer in November, launched in March, and has about a dozen episodes out. 

Key takeaways from the conversation: 

  • You can release the role and keep the ownership. Ariel still owns one hundred percent of a company she rarely works in. 
  • The mindset work comes before the systems work. Ariel had to change what she believed about her own necessity before any process could stick. 
  • People need certainty about what their jobs require. Vague direction from an entrepreneurial owner reads as risk to the team. 
  • Step down in stages rather than all at once. Each day Ariel gave up forced a decision about what left her plate. 
  • Growth did not suffer. Ariel’s most profitable year came after the team was in place, and she now hears compliments about her people rather than about herself. 
  • Talented people cost money. Top of range salaries, strong retention, and a pension plan are part of the arithmetic here. 

Elizabeth closes on the belief loop she taught at the Evolve group labs earlier this year, which is that another person’s growth ties directly to how much they believe in your belief in them. Ariel’s version of that is simpler. She had been afraid, she behaved like it was not safe to make a mistake around her, and letting go of the fear is what let her team grow.

Chapters in this Episode:
00:00 – Welcome and introducing Ariel Steele
01:37 – Big law in Los Angeles and a year and a half in Palau
02:20 – Buying Tax Credit Connection and closing right before Christmas
03:00 – Twenty one years and three Colorado credit programs
03:40 – Burnout and the question of what comes next
04:17 – Roles, decision making, and ownership as three separate moves
05:01 – One hundred percent owner working two days a week
05:40 – What the team owns from prospecting through closing
06:00 – Management meetings, one on ones, and where Ariel still shows up
06:37 – How long this actually took
07:00 – Holding on too tightly and what had to change first
08:06 – Certainty, SOPs, and better project management tools
08:40 – What made her realize she needed to shift
08:54 – A business mentor and learning one tool at a time
09:49 – Doing it wrong together instead of taking the work back
09:59 – Going from five days to four to three to two
10:51 – Behavioral shifts and the step by step commitment
11:19 – It’s A Journey and the second edition
11:41 – Giving up control to get freedom
12:22 – Where the wins landed for the business and the people
12:52 – Wanting to get bored and never quite getting there
13:03 – A year of optimizing health and a failed experiment
14:00 – Helping her parents with their book and asking what changed
14:20 – Hiring a producer and launching Unexpected Happiness
14:58 – William Bridges and the space between an ending and a beginning
15:44 – India with her parents and getting satiated
16:24 – How much free time is actually free
16:54 – Five o’clock with her husband as close to non-negotiable
18:03 – The belief that ownership just works this way
19:19 – Did the company trade growth for the owner’s freedom
19:42 – The most profitable year and a flat 2026
20:45 – Top of range pay, retention, and a pension plan
20:59 – Belief in successors and the Evolve group labs session
22:17 – Culture, fear, and behaving like mistakes are safe
23:19 – Twenty years or thirty
24:05 – Inside the Unexpected Happiness podcast
26:17 – Ariel’s one thing for listeners
26:50 – Freedom, engagement, and closing

Connect with Ariel Steele:   Linkedin: linkedin.com/in/ariel-steele-63241b415  Unexpected Happiness podcast: https://unexpectedhappiness.net/ 

Connect with Elizabeth Ledoux and the Transition Strategists:
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Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
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She Went From Five Days a Week to Two and the Company Grew Faster Transcript

Elizabeth Ledoux:

SCHEDULE A COMPLIMENTARY CONSULTATION

The Business Transition Roadmap with Elizabeth Ledoux

How do communities thrive? When businesses experience healthy growth and transition. Join CEO of The Transition Strategists, Elizabeth Ledoux as she and her guests identify what makes a successful business transition roadmap. If you know you want to transition or exit your business “one day”, today is the right day to start planning. This show will give you the roadmap.

If you’ve enjoyed this podcast, you can check out other episodes here: Podcasts – The Transition Strategists

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