The struggle is real. Running a business is hard and making money is even more challenging. There is a moment many business owners have when they are unsure of their company's future. Understanding the next step in achieving a better outcome can be a struggle. There are three reasons a business owner will struggle. The first reason is that market conditions change, and business owners have to figure out the correct response and do it in a reasonable amount of time to ensure the success of their business. The second reason is that many business owners don't know what they don't know. Not having a high-level feedback loop or information that helps identify problems can be frustrating for a business owner that doesn't understand what has changed in their business and what they need to do to correct it. Lastly, business owners can frequently get in their own way. Not being willing to admit that times are challenging or that changes need to happen can directly result from a business owner's pride and ego. A business owner will struggle until they can begin working through the decisions that need to be made based on the reality of their circumstances. The sooner this can happen, the quicker a company will get back on track.
Watch this episode on YouTube:
https://youtu.be/vKtUSlyEbRg
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Growing your business? What you need to know about debt and equity
What does the collapse of Silicon Valley Bank (SVB) mean for business owners?
Use negative review to get positive results
How to find new revenue streams
How to get new clients and grow revenue
Why should employees be shareholders in your business
Some thoughts on buying out a business partner
How to get 100% out of your business
Grow a business that can run without you - Part 3
Grow a business that can run without you - Part 2
Grow a business that can run without you - Part 1
How business owners create value
How to use a recession to improve your business
How to sell faster
How to market your business faster
How to set prices in your business
1 easy way to boost sales
How to buy a business - Part 3 of 3
How to buy a business - Part 2 of 3
Join Podbean Ads Marketplace and connect with engaged listeners.
Advertise Today
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Organic Marketing Simplified: Master podcast marketing, fuel podcast growth, and make money podcasting!
THE GO BIZ GUY
The Sigma Femme Podcast
The Prof G Pod with Scott Galloway
Habits and Hustle