If you’ve listened to our show for a while of if you know us off the air, you likely know that we are big fans of Inc. Magazine. Not only do they usually have great articles related to entrepreneurs that are easily digestible, they also have many inspirational stories. We saw a recent article addressing something that is impacting every business (large or small), The Great Resignation. According to the U.S. Bureau of Labor Statistics, between April 2021 and September 2021 over 24 million American employees left their jobs.
Most business owners spend a lot of time thinking about their people. Do I have the right people? Are they doing the right things? Do I need more or different people? And perhaps the most vexing question, is it time to hire someone else?
During the show today we focused on a couple of examples of organizations that have gone through successful rebuilds. One you might be familiar with, the Cleveland Browns. The others are likely more like your business in that they are smaller and lesser known. We used our 7 Keys to Success framework to help explain how these changes were accomplished through the Organizational Plan for the business as well as balancing short-term results with long-term success.
How many good employees do you have on your team? All of them? None of them? Not sure? We find that most small business owners don’t know how many good employees they have for a simple reason…they aren’t sure what a good employee looks like.
One of the Dirty Secrets of business ownership is that whether you like it or not, one of your primary roles is to be a Leader for your organization. You may think, “Hey I didn’t sign up for this Leadership stuff, I just want to run my own business.” What exactly does it mean to be a good Leader?
Unfortunately many folks starting out in business make the often fatal mistake of hiring family and friends first instead of last. Now this may seem counterintuitive to many folks, especially those who know us well since we usually espouse the importance of Know Like Trust when building your business. But just because it might be “easier” to start with family and friends, doesn’t mean it’s the best thing for your business.
“Nobody puts Baby in a corner!” If you’ve ever seen the movie Dirty Dancing, then you can picture the scene with Patrick Swayze and Jennifer Grey. Well we’ve heard versions of this line with the same emotion and passion. But instead of talking about corners the business owner is talking about “Don’t push me out of my company!” We see it all the time with sports as well. Maybe you’ve seen an aging athlete on your favorite team not quite ready to give it up yet.
In This Episode One of our favorite topics to discuss over the years on our show is our beloved Cleveland […]
So with all the changes going on in 2020, we are now up against some of the final changes as the year comes to an end. Gone are all the holiday get togethers with friends and family and business associates. And while many of you may be celebrating not having to attend your spouse’s company holiday party, just as many are probably missing out on that white elephant gift! This got us to thinking, what’s everyone doing to celebrate the holidays in their businesses?
We all have doubts. It’s only human. Some of us are just better at hiding those doubts than others. One phrase that is often difficult for business owners to utter is “I don’t know.” There can be a pressure as an owner to know all the answers. Whether that pressure is real or perceived doesn’t matter because you still feel it. It doesn’t matter if you’ve been in business for a few weeks or several decades, chances are there are times when you feel like you’re in over your head. So what’s a business owner to do about it?