Making the decision to hire someone can be very stressful on a small business owner. What if we pick the wrong person? Can we truly afford to add someone else to the payroll? What will we do if we don’t hire someone? How soon will we know we hired the right person? These and many other questions roll through the heads of business owners looking to make hiring decisions.
Today we were joined on the show by business owner Joe Butler of Prescription Fitness and Butler Wellness Group. Joe was a coaching client of MVP for almost a decade. During the show today Joe shared some of the key moments in his growth from one location when we met him to 7 locations today. It was anything but a straight path! Joe’s energy and enthusiasm is infectious.
Can’t I just say it! Why can’t I just tell them how I feel? These and many other thoughts have likely gone through your head at some point. Perhaps you are frustrated or feeling some pressure and you’re just about to burst! Take a deep breath, in through the nose and out through the mouth. Take another one and take a step back from the situation. Should you say what you’re thinking or should you bite your tongue and look for a better time and situation to make your point?Perhaps after you’ve had the chance to calm down a bit.
One of the best things about summer is the chance to have some vacation time. It’s a chance to break up the monotony of your day-to-day and add some different type of chaos and excitement to your world. But one of the drawbacks is that vacations can get you out of your routine. Disrupting routines isn’t necessarily a good or bad thing by itself, but it can often be difficult to get those routines reset.
One of the great things about being a small business owner is there are new things popping up all the time. A key success factor for any small business owner is being able embrace and respond to these new challenges and opportunities. But growing can be uncomfortable and scary at times. If nothing else, it can make you feel even more lonely and under pressure.
Does your business have a plan to make money on purpose? This might seem like a strange question, but in our several decades of working with and advising small business owners we have found that the vast majority don’t have this plan in place. We refer to it as a Profit Plan. Chances are you may have heard it called a budget. No one like to be put on a budget, but we all like to make profits! So what does your Profit Plan look like?
After you’ve been in business for a few years, one of the strangest things starts to happen. You’ll begin to get inquiries from folks who will say they are interested in buying your company. If you’re like most small business owners, you’ll take those inquiries and store them in a file somewhere for when the time is right. So if you’ve determined the time is right, how to you make sure you find the right buyer for your business?