All Businesses Have Sh*t

Summary

• All businesses have problems, you just have to choose which one you want to deal with.
• Decide if you want the problem of needing to hire talent continuously or if you prefer scaling or selling challenges.
• A brick-and-mortar model or traditional service-based business might be easier to sell and scale, but harder to reach that scale initially.
• Having a system that productizes your knowledge can make it easier to deliver consistently to your target audience.

Video

How To Take Action

I would suggest implementing a few strategies to tackle your business problems effectively. Here are some practical ways to get started:

Choose Your Main Problem

First, figure out what kind of problem you’d prefer to tackle. Do you want to deal with hiring talent continuously or managing the challenges of scaling or selling? This choice will dictate your next steps.

Optimize Your Business Model

If you’re a small business or entrepreneur, decide if a brick-and-mortar model or a service-based business is best for you. Brick-and-mortar might be easier to sell and scale later but can be tough to get started. Pick the model that aligns best with your long-term goals.

Productize Your Knowledge

One effective way to deliver consistent value is to productize your knowledge. Create a system or process around your expertise. This could be an online course, a series of workshops, or a consulting package. This makes your knowledge scalable and repeatable.

Implement Low-Cost, High-Value Items First

Start with actions that don’t cost much in terms of money or time but offer high value. For example:

• Standardize Processes: Document recurring tasks and standardize them to improve efficiency.
• Automate Simple Tasks: Use tools to automate tasks like email responses, social media posting, or invoice generation.
• Leverage Free Resources: Utilize free online tools and resources for marketing, such as social media platforms and content management systems.

Focus on Talent Management

If you decide the talent problem is the one you want to tackle, create a streamlined process for hiring. Use clear job descriptions, leverage online job boards, and maybe consider an initial trial period to see if candidates fit well.

By focusing on these actionable steps, you can handle existing challenges more effectively and position your business for better growth and scalability.

Full Transcript

my late CFO she said all businesses have it's just what you want to deal with and get out of your shoe is it going to be the talent one is it going to be the fact that it's going to be really hard to scale or sell or do you want the problem that it's easier to sell easier at scale but harder to get to scale which is the brick and mortar model or the traditional service-based business model where you just have to keep bringing on Talent over and over and over again and have a processor A system that productized the level of knowledge that you have that you can deliver to a specific Avatar