The EntreLeadership Podcast

The Keys to Keeping Your Sanity While Growing Your Business

Aug 28, 2023

Topics include leveraging high turnover, balancing work life and relationships, managing negative employees, and retaining top performers without going broke.

42:33

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Episode notes

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Quick takeaways

The challenges of retaining top performers due to competitors offering higher salaries and remote work opportunities.

The idea of transitioning the compensation structure to be more performance-based to address high salaries and bonuses while ensuring long-term sustainability.

Deep dives

Challenges with Staffing

The podcast episode discusses the challenges faced by a franchise staffing business in the Detroit area. The business owner explains that revenue has been declining due to a decrease in demand for staffing services and a slowdown in the economy. Throughout the episode, the owner highlights the impact of the great resignation on their industry. Additionally, the owner mentions the difficulty of retaining top performers due to competitors offering higher salaries and remote work opportunities.

Introduction

2min

Recruiting Challenges and Strategies

7min

Business Discussion and Ad for Trainual

3min

Achieving Work-Life Balance and Effective Time Management for Business Growth

6min

Maintaining Sanity and Setting Boundaries for Business Growth

4min

Dealing with Pessimistic Employees and Using the Weekly Reporting Tool for Leadership

5min

The Power of Noticing and Caring for Employees' Personal Struggles

4min

Challenges in the Staffing Industry

11min

Today, we hear about:

• How you can leverage high turnover to your advantage

• A business owner who is struggling to balance his work life and relationships

• How to manage constantly negative employees

• The best ways to retain top performers on your team without going broke

Links mentioned in this episode:

• The EntreLeadership Podcast

• EntreLeadership Master Series

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