Whether you’re currently contemplating starting or buying a business or if you already own a business, one question you might be asking yourself is if you’re cut out to be a business owner. Depending who you talk to you might hear things like “people are born to be entrepreneurs” or something similar. Don’t always believe the hype!
How Do I Stay Relevant?
Many folks are confused why business owners have trouble stepping back and selling or transitioning their business to the next generation of ownership. We have found in our decades of working with small business owners transitioning to the next phase in their life that one of the biggest items holding them back from exiting their business is finding ways to stay relevant.
How Do I Know If I Have The Right Advisors For My Business?
One of the key success factors in running and growing a small business is surrounding yourself with good advisors. Talk with any small business owner and they are likely to have all or most of the following “advisors” helping their business: accountant, attorney, insurance, payroll/HR, banker, financial planner, marketing, and business coach/consultant. But how do you know if you have the right advisors for your business?
How Come Running A Small Business Can Feel Like Groundhog Day?
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?
Rapid Growth, Bob Scaccia of USA Firmware
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).
How Do I Know If I Should Have A Partner?
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?
How Do I Know If Something Is A Fireable Offense?
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.
When Do You Throw In The Towel?
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.
What Are The 3 Words That Define The Duties Of The Business Owner/CEO?
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?
When Should I Step Away From My Business?
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?