Monday Nov 11, 2024

E131: How To Be Successful As A Small Business Owner

Join Jason Ballard as he breaks down the many lessons that he has learned from working hand-in-hand with small businesses all over the country. Small businesses make up a majority of the US economy, and help it compete on a global stage, so how can small businesses improve as a whole? Check out this episode to hear about some common challenges small/family owned businesses face, and effective solutions to combat these issues. If you or someone you know owns a small business, you do not want to miss this episode!

2:29 -Why are family businesses so important?

7:12 -Unique details about family owned businesses

Top challenges small/family businesses face

19:25 -Family dynamics

26:26 -Lack of planning

29:49 -Erratic cadence

30:18 -Hitting a growth ceiling

31:59 -Limited outside perspective

Best ways to overcome those challenges

34:47 -Rewire your thinking

38:28 -Decentralize decision making

44:35 -Team planning

46:00 -Always have a backup plan

47:00 -Look at the bigger picture

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