If we had to pick a movie to be the theme for a small business owner, it would likely be the 1993 classic Groundhog Day starring Bill Murray and Andie MacDowell. Even if you’ve never seen the movie you can probably relate to what it feels like to have the same day over and over again. Unfortunately for too many small business owners this can be the case. So what’s a small business owner to do?
Today we were joined on the show by business owner Bob Scaccia, who is the Founder and CEO of USA Firmware. Bob shared with us some of the ups and downs of his first decade in business and the tremendous growth he’s seen over that time. We heard from Bob a few years ago when he appeared on our show back in January 2019 (see below for a link to that show).
We are big fans of partnerships. Surprisingly, we tend to find ourselves in the minority when it comes to that positive view of business partners. We’re guessing you may have heard a lot of negatives about partners as well. So why do we often recommend that business owners look for good partners?
One of our favorite things about small business when compared to big business is that small business allows you to have a heart. Big organizations can often feel cold and impersonal. But with that “heart” of small business also comes a lot of emotion. Our topic today covers one of those emotional reactions that is pretty common for a small business owner, trying to figure out if something is a fireable offense or not.
Chances are if you’ve been in business for yourself for a little while at some point you’ve wrestled with the thought of throwing in the towel. Many things could trigger this thought. Anything from losing a big customer or key employee or it could just be that you’re tired and worn out. Whatever your situation, understand you’re not alone.
So what do you do? What do you say when someone asks you this question? Chances are you’ll talk about your business and what your business does first when responding to this question. But if someone is asking what it is that you do as the business owner in our business, what do you tell them?
Warning, this may get a little uncomfortable! It’s always awkward for a business owner to think about this question, let alone ask it out loud. Yet we know it’s a question that many business owners wrestle with at a variety of times with their business. Is there a right time to step away from your business? And what does “step away” really mean?
One of the biggest things we do for our business owner coaching clients is help them ask the right questions. Our topic today about trying to not think about your business is one of those questions that isn’t the right question to be asking. It’s really not even the question our clients and other small business owners mean to ask because it’s really not possible to stop thinking about your business. The real question is more along the lines of what things should I be thinking (or worrying) about as it relates to my business.
If you’re a business owner, chances are you’ve either been accused of being the bottleneck or you’ve recognized it in yourself. It’s tough when you’re the one who started the business and it was basically you doing everything at the start. As you grow and add more people to your team, it can be difficult to let things go and entrust your team to get things done. Especially to do things the way you’d do them. So what’s a business owner to do?
So did you already start your business or are you still thinking about it? If you’ve already started your business chances are you might be feeling a bit overwhelmed already. If you haven’t already started, maybe you’re finding reasons not to start, like you’re waiting for the perfect time to launch. Unfortunately there’s no such thing as you can always find reasons not to start your company.