Do you like being in the spotlight? Do you avoid situations where you know you’ll be asked to say something in front of a group? Or are you the first person to raise your hand when a speaker is finished and is looking for questions?
We were talking with a coaching client recently who was struggling to justify increasing prices for one of their services. She kept using the word “justify” when trying to convince herself that it was OK to increase prices. Our discussion quickly shifted to talking about what made their service different from the competition. We also chatted about the mindset of their ideal customer.
Today we were joined on the show by business owner and former MVP business coaching client Terry Walkerly. Terry is the owner of Filta Environmental NEO, a leading provider of cooking oil micro filtration services to restaurants and other food establishments. Over his career Terry has owned several business including ones he’s both started as well as purchased. Although he barely made it through high school, Terry describes himself as a lifelong learner who has read just about every business book out there. Combining that with the school of hard knocks and Terry has a lot of wisdom and insights to share.
So you’re all excited because that new employee you’ve been searching for has finally accepted your offer. Now all you need to do is finish up the paperwork and complete a background check and they will be on the job before the end of the month! And then the background check comes back with a black mark. What should you do?
Today we were joined on the show by business owner Peter Hans. Peter is the owner of Discover Map, the leading provider of curated guides to top tourist attractions in cities and towns throughout North America. During the show Peter shared his journey from a continent hopping investment banker to a business owner by purchasing a map business back in 2005. Along the way, Peter spent about 6 years at each of his respective stops until he got that “itch” to go and do something else.
Sometimes you need to slow down to speed up. We know it’s counterintuitive. The answer isn’t always to push harder or get more information. Believe it or not, it’s often best to do nothing. To sleep on it. For a small business owner this is easier said than done. Especially if you’re one of those very driven individuals who has trouble taking it easy and slowing down.
Most business owners can relate to what it feels like to have debt in your business. Unfortunately, not too many owners are aware of how to get all that debt paid off. In fact, it seems too many business owners have come to the conclusion that it’s just the way things are when it comes to having debt. Well, it doesn’t have to be that way.
We were recently involved with some mock interviews with local high school students. The goal is to give these 15 and 16 year olds some practice at interviewing for a job. They are asked to complete an application, dress in nicer clothes, and then sit down for a 10-minute interview with some volunteer adults to “interview” for a job in a retail store.
Did you ever wonder why most people look forward to tax day in the U.S. while business owners rarely look forward to April 15th? Most folks pine for tax day because they are going to get a refund on that day. It’s like a shot of dopamine to get you all excited with that extra “paycheck” or two. For business owners, they are usually writing a check on April 15th. But this should be viewed as a positive.