Persistence is Key to Small Business Success – Small Business Show 186

small business persistence to successBeing persistent is a critical part of making your Small Business succeed. From the very start, you will face obstacles that you’ll have to break through and go around to create something from nothing. Some of these will be mental, some physical and some logistical. Join us today for episode 186 of the Small Business Show to hear how your co-hosts Dave Hamilton and Shannon Jean have used their bull-headed persistence to overcome those obstacles during their careers.

We discuss the importance of confidence and believing in yourself with tips on how to use your Success List to remind yourself of your achievements to build up your confidence, as well as learning how to maximize your strengths and minimize weaknesses with strategic partners or employees. Shannon then reminds us that patience needs to be a part of your plan – as long as you are moving along the path you set for yourself and your Small Business. Success takes time.

You’ll hear about how immersing yourself in your Small Business is an important part of pushing through obstacles and achieving success and how creating habits out of things that work for your business will keep you moving forward on your quest. And while it’s important to have a clear vision of where you want your Small Business to go, we spend some time talking about adjusting and adapting when things don’t go exactly as planned (hint: they never do).

We wrap up our discussion with a reminder that commitment to your Small Business success is critical – everything has a cost, get ready to pay it in time and effort to create a successful business that can help you lead that Charmed Life we talk about often on the show.

Listin in and then share your story and comments on the Small Business Support Group!

Chapters/Timestamps:

  • 00:00:00 Small Business Show #186 for Wednesday, August 29, 2018
  • 00:01:07 Bull-headed persistence is the key to success
  • 00:02:51 Make sure that you have persistence in your Talent Stack
  • 00:04:50 “Which story is more enjoyable to hear?” – Shannon Jean, ladies and gentlemen
  • 00:06:30 Be confident! The story is part of the reward.
  • 00:07:45 Recognize your achievements
  • 00:09:42 Make Your Bed: Little Things That Can Change Your Life…And Maybe the World
  • 00:11:29 SPONSOR: Gusto is refreshingly easy payroll, benefits, and HR for the modern small business. Visit Gusto.com/SBS for a free, 3-month trial.
  • 00:13:28 SPONSOR: Timing, for anyone billing their hours. Visit timingapp.com/smallbusiness and get a 14-day free trial and save 10% when you purchase.
  • 00:16:20 Maximize Strengths, Minimize Weaknesses
  • 00:18:04 Be patient… and realistic
  • 00:20:10 Adjust and adapt!
  • 00:22:11 Be in it!
  • 00:25:13 Consider your path
  • 00:25:48 Commitment – Accept the costs
  • 00:29:27 SBS 186 Outtro

How To Manage Your Cashflow – Small Business Show 185

managing small business cash flowWhat’s more important for your Small Business, profits or cashflow? If you’re a regular listener of the Small Business Show, you know what we think! Join us today as we dig deep into to the importance of managing your available cash and how to get through the inevitable cash-crunch when it hits you.

Your co-hosts Shannon Jean and Dave Hamilton share their tips, strategies and stories about the why and how of using your accounting software correctly to help with cashflow reporting, why it’s important not to fall in love with your P&L and why you need to avoid the “shiny object” trap that can suck much needed cash out of your business.

We then jump into ways to raise cash when you need it quickly, how to use unconventional methods to raise short term cash and ways to manage longer term funding from banks and other lenders. The show wraps up with a discussion about the importance of measuring and different methods to measure all aspects of your business – including your cashflow.

Join us today and then share your comments on the Small Business Support Group!

 

 

Chapters/Timestamps:

  • 00:00:00 Small Business Show #185 for Wednesday, August 22, 2018
  • 00:01:42 “By, For, and About Small Business”
  • 00:04:20 Don’t fall in love with the P&L
  • 00:06:41 Import often!
  • 00:08:57 Profits are for other people, Cash is for you
  • 00:10:07 Matching Your Terms
  • 00:12:02 Negative Cash Flow
  • 00:13:01 Buy used! Buy at auction.
  • 00:15:47 SPONSOR: Gusto is refreshingly easy payroll, benefits, and HR for the modern small business. Visit Gusto.com/SBS for a free, 3-month trial.
  • 00:17:22 SPONSOR: Visit TextExpander.com/podcast for 20% off your first year.
  • 00:19:15 Sometimes embarrassment is your friend
  • 00:20:01 A 2-inch stack of credit cards to solve your problems
  • 00:21:49 Dump the junk!
    • Accept Sunk Costs.
  • 00:23:00 Timing a blowout
  • 00:24:51 Pick special customers
  • 00:25:30 Sell it for what it’s worth
  • 00:26:06 Slow down your A/P
  • 00:28:24 Things happen – Communicate with your vendors
  • 00:29:40 Treat your vendors like they’re customers
  • 00:30:03 Use your lines of credit wisely
  • 00:31:42 Talk with your banker about “terming it out”
  • 00:34:04 Measure everything
  • 00:36:36 SBS 185

Small Business Interview with James Rolin of Cowboy Cricket Farms – Small Business Show 184

cowboy crickets interviewGetting customers to spend their hard earned dollars at your Small Business is tough, right? How about if you had to convince them to eat insects to get those dollars into your bank account? Join us today as we visit with James Rolin of Cowboy Cricket Farms and hear how this Small Business has used education, creative marketing and stubborn persistence to succeed.

Listen in to learn about how feasibility studies can guide you to the right business model, how we’re all eating insects (we just don’t know it), how community outreach as a marketing tool can be powerful and some great tips for working with your spouse and teaching your kids about how to succeed. You’ll also hear about using the Score Mentoring program as a powerful and free tool to grow your business.

You’ll learn a lot, but your co-hosts Shannon Jean and Dave Hamilton continue to think they are learning the most from our awesome guests. Join us today, then share your story at the Small Business Support Group!

Chapters/Timestamps:

Moving from Idea to Action – Get Started Today With Your Small Business – Small Business Show 183

take your ideas to actionA common misconception is that it’s the great idea that makes a Small Business successful. Join us today on the Small Business Show to hear us dispel that myth and discuss taking Action to propel your business to success.

Don’t wait. You’ll hear that message over and over again on this episode of the Small Business Show as Shannon Jean and Dave Hamilton share tips to get yourself started – to help move you from Idea to Implementation.

Listen in and you’ll hear about the power of removing limits (most of them in your head) to get your business concept on paper, how to create and use an Action Plan to figure out what steps you need to take to make your idea a reality and why we believe creating an Org Chart (even if your name is in every box) is key to planning out the structure of your Small Business.

We wrap up the show with a discussion of the ever important Working Agreement and why sometimes you just need to throw structure out the window to just start….Start today.

Join us here, then get involved in the discussion at the Small Business Support Group!

Chapters/Timestamps:

  • 00:00:00 Small Business Show #183 for Wednesday, August 8, 2018
  • 00:03:56 Opportunity for Efficiency
  • 00:08:41 Take the time to build systems and micromanage yourself
  • 00:11:27 Takeaway: Re-energize, Dig In
  • 00:13:21 SPONSOR: Timing, for anyone billing their hours. Visit timingapp.com/smallbusiness and get a 14-day free trial and save 10% when you purchase.
  • 00:15:22 SPONSOR: Visit TextExpander.com/podcast for 20% off your first year.
  • 00:17:43 Starting a Business Step 1: Ideas to Action
  • 00:19:28 Go make it happen!
  • 00:21:12 Get it on paper
    • Remove the limits!
  • 00:23:36 Create an action plan
    • Who’s involved?
    • Partner, Banker, Spouse,
    • How much money do you think you’ll need? Add more.
  • 00:24:30 Budget your time.
  • 00:27:51 Failure is part of the process
  • 00:28:30 What other resources do you need?
    • What marketing will you do?
  • 00:29:24 Create an Org Chart
  • 00:33:14 The Working Agreement
    • Concept
    • Partnership organization
    • Partner Contributions (money, time, effort)
    • How is the money split?
  • 00:35:13 The Friendship Clause
  • 00:36:26 Forget all this: get started.
    • Employ those… folks.
  • 00:40:13 SBS 183 Outtro

 

Loyalty, Losing Key Employees, and Managing Change at your Small Business – Small Business Show 182

handling surprises and change small businessIf you own a Small Business, it’s bound to happen: a long-time employee drops a bomb by telling you they are leaving to take a position at another company. How you react can have a dramatic impact both inside and outside your business. Your actions will send a message to both your employees’ and your customers.

Join Dave Hamilton and Shannon Jean for this episode of the Small Business Show where they discuss their methods for handling a surprise departure of a key employee.

Listen in for tips about not taking things personally, how to gauge the short and long-term impact, managing the timing of the employee’s departure, and why your customers are more concerned about who’s staying vs. who’s leaving.

After the show, stop by the Small Business Support Group to share your story and join the discussion!

Chapters/Timestamps:

  • 00:00:00 Small Business Show #182 for Wednesday, August 1, 2018
  • 00:01:37 Carr Fire
  • 00:02:13 “Poor Me” is the wrong attitude
  • 00:04:37 Surprise, I quit!
  • 00:07:18 First question: Why? Can I control this? Do I want to?
  • 00:09:24 Advice: Don’t take it personally!
  • 00:12:48 Second question: What’s the short-term impact
  • 00:14:35 Do they leave immediately?
    • Do they continue to benefit your business?
  • 00:23:01 Do you counter-offer?
  • 00:27:42 Be authentic to be positive
    • People don’t care about who left. They care about who *is* left.
  • 00:32:49 Avoid comfort. Stay on edge.
  • 00:35:14 Let us know your story! feedback@businessshow.co
  • 00:35:44 Loyalty defined. Differently.
  • 00:39:32 A symphony of action!
    • “I don’t need time. I need a deadline.”
  • 00:40:27 SBS 182