The EntreLeadership Podcast

Why Isn’t My Business Growing Faster?

Dec 2, 2024

A business owner grapples with slow growth despite past successes. The need for effective leadership evolution and team buy-in is highlighted as crucial for overcoming obstacles. Another segment dives into the complexities of debt management, with emotional stories of entrepreneurs facing bankruptcy fears. Additionally, the importance of setting high expectations and maintaining standards in team performance is emphasized, all while navigating the turbulent waters of financial challenges and the quest for resilience.

01:04:23

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Episode notes

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Quick takeaways

Recognizing the need to adapt foundational principles can help drive significant growth without abandoning past successes.

Establishing strict accountability measures is essential for enhancing team performance and ensuring everyone meets company standards.

Open communication about changes and highlighting their benefits can foster employee buy-in for new core values in established teams.

Deep dives

Navigating Growth Challenges

A leader of a managed IT services company faces the challenge of balancing growth with the foundational principles that have led to previous success. Despite experiencing steady revenue growth of around 10-20% annually, he feels intimidated by the need to evolve his approach without abandoning the practices that have worked thus far. The conversation emphasizes the importance of recognizing that while foundational principles are important, they may need to be adapted or expanded upon to drive significant growth. The leader is encouraged to break tasks into smaller components to effectively delegate responsibilities and help the business flourish in his absence.

Intro

2min

Evolving Leadership for Business Growth

8min

Building Trust and Competence in Business

5min

Elevating Excellence in Business

8min

Upholding Standards and Accountability in Business

3min

Navigating Financial Turmoil in E-Commerce

3min

Navigating Financial Turbulence in Business

17min

Navigating Financial Pitfalls in Business Growth

4min

Navigating Change with Communication

12min

Today, we’ll hear about:

An owner concerned with the slow growth of his business
A business owner trying to get the most out of his team
A woman scared that debt may bankrupt her business
A man trying to get his team to buy into his new values

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